Articles with tag: instant payments

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Fed creates pilot program for FedNow instant payments

22 Oct 2020 | Payments General

The Federal Reserve has announced the creation of the FedNow Pilot Program to support development, testing and adoption of the FedNow Service. 

Federal Reserve, instant payments, FedNow Pilot Program, US

BMO, The Clearing House to operate in the Real-Time Payments network

13 Oct 2020 | Payments General

Canada-based investment bank BMO Financial Group has partnered with The Clearing House Payments Company allowing US corporate clients to operate in the bank’s RTP network.

BMO, The Clearing House, partnership, RTP, RTP network, Mastercard, Canada, US, United States, North America, instant payments, corporate banking, investment banking, multinational investment bank, Bank of Montreal

ECB launches feasibility study into instant cross-border payments in Sweden

12 Oct 2020 | Online Payments

European Central Bank (ECB), in collaboration with Sveriges Riksbank, has announced it is launching an investigation into how the platform could support low-cost instant cross-currency transactions.

ECB, European Central Bank, TIPS, Target Instant Payment Settlement, instant payments, Sweden, Europe, digital payments, real-time low cost payments, merchant payments, ecommerce, consumer goods payments,

Volume of real-time payments surges during pandemic, FIS reports in new study

06 Oct 2020 | Online Payments

A research released by FIS has revealed that adoption and usage of real-time payments has accelerated amidst the COVID-19 pandemic.

FIS, real-time payments, COVID-19, Flavors of Fast, cross-border payments, instant payments, Request-to-Pay, R2P

Instant payments transaction values to reach USD 18 trillion by 2025

28 Sep 2020 | Payments General

The value of instant payments, where transactions are completed within ten seconds, will reach USD 18 trillion in 2025, according to a new study from Juniper Research.

Juniper Research, instant payments, real-time payments, B2B payments, digitalisation, study, RTP, US, Europe

EU to launch crypto-assets regime by 2024, EU documents say

25 Sep 2020 | Cryptocurrencies

The European Union aims to introduce new rules within four years to modernise cross-border payments using of blockchain and crypto assets like stablecoins, two EU documents showed.

Stablecoins, cryptocurrency, blockchain, Libra token, Instant payments, crypto assets, Europe

The subscription economy and recurring payments in Brazil

22 Sep 2020 | Online Payments

Ralf Germer, CEO and Co-Founder of PagBrasil, brings into focus the proliferation of alternative payments methods for the subscription economy sector in Brasil

Ralf Germer, PagBrasil, Brazil, alternative payment methods, subscription economy, LATAM, Latin America, Associação Brasileira de Comérico Eletrônico, boleto bancario, PIX, instant payments, SaaS, StartSe, Wine, Tag Livros, Glambox, ecommerce, online shopping, Central Bank of Brazil, QR code, QR payments

Square launches On-Demand Pay and Instant Payments

17 Sep 2020 | Mobile Payments

Square has launched On-Demand Pay and Instant Payments, solutions that enable Square Payroll customers and their employees to effectively manage their cash flow.

Square, launch, Square Payroll, cash flow, On-Demand Pay, Instant Payments, Cash App, mobile payment, debit card, payroll, Square Balance

FSS updates its Smart Recon platform with Machine Learning and cloud support

08 Sep 2020 | Payments General

FSS (Financial Software and Systems), a global payment products provider and processor, has introduced critical increments to its Smart Recon platform.

ATM Recon, Online Commerce, Wallets, Instant Payments, NEFT, RTGS, QR Code Payments, FSS, Financial Software and Systems, India

European asset servicing company selects FIS for cross-border payment standardisation

03 Sep 2020 | Payments General

Financial technology provider FIS has signed a long-term agreement with CACEIS, jointly owned by Credit Agricole and Santander, to provide the asset servicing company with payment solutions.

FIS, assets, cross border payments, ISO 20022, real-time payments, SEPA Credit Transfer, Direct Debit, Instant Payments, SWIFT gpi

"The pandemic isn't the cause of the rise of instant payments, it is rather further motivation for an already growing trend" – Interview with BPC

02 Jul 2020 | Online Payments

The Paypers sat down with Oleg Patsiansky, Head of Digital Banking at BPC to discuss the current status of instant payments and lessons learned from implementing infrastructures on a nationwide level

Oleg Patsiansky, BPC, BPC Payments, SEPA, Faster Payments, SEPA Instant Credit Transfer, instant payments, Europe, instant payments infrastructure, C2C, B2B, QR payments, IBAN, machine learning, WeNet, fraud prevention

Worldpay from FIS enables instant payments from the bank account through Open Banking Hub

19 Jun 2020 | Online Payments

FIS, a global provider of merchant and financial services technology, has announced Open Banking Hub, a new payment solution for its Worldpay merchant clients and their consumers. 

FIS, Open Banking Hub, payments, merchants, innovation, instant payments, banking

The democratisation of payments in Brazil – PIX national instant payments system (II)

26 May 2020 | Online Payments

Carlos Ogata, Member of the Board of Directors of PAGOS, continues the overview of the future national instant payments system to be implemented by the Central Bank of Brazil

Pagos, Carlos Ogata, PagBrasil, PIX, instant payments, Boleto, unbanked citizens, bank account, bank transfer, TEDs Brasil, DOCs Brasil, Central Bank of Brazil, Banco Central, BCB, LATAM

The democratisation of payments in Brazil – PIX national instant payments system (I)

21 May 2020 | Online Payments

Carlos Ogata, Member of the Board of Directors of PAGOS, makes a first part introduction to the future national instant payments system to be implemented by the Central Bank of Brazil

Pagos, Carlos Ogata, PagBrasil, PIX, instant payments, Boleto, unbanked citizens, bank account, bank transfer, TEDs Brasil, DOCs Brasil, Central Bank of Brazil, Banco Central, BCB, LATAM

Ebury launches instant payment service

19 May 2020 | Payments General

UK-based global transaction platform Ebury has launched its new feature, ‘Ebury Instant’, which allows clients to make instant payments, regardless of currency.

Ebury, product launch, instant payments, Ebury Instant, immediate payment settlement, transactions, Anti-Money Laundering

GhIPSS, HPS partner to launch payment solutions GhQR, Proxy Pay

15 May 2020 | Mobile Payments

Global PSP Hightech Payment Systems (HPS) has partnered with Ghana-based subsidiary Ghana Interbank Payment and Settlement Systems (GhIPSS) to launch GhQR and Proxy Pay platforms.

GhIPSS, HPS, product launch, payments solution, GhQR, Proxy Pay, Ghana, wallet providers, fintech, instant payments, cards, mobile wallets, bank accounts, USSD, QR code, PSP, merchants, proxy identifier

Hong Kong fintech Niche Global selects Volante's SEPA Instant Payments to enter Europe

14 May 2020 | Online Payments

US-based payments provider Volante Technologies has teamed with fintech Niche Global to integrate Volante’s cloud-based SEPA instant Payments as a Service solution.


Volante Technologies, Volante, SEPA, SEPA payments, Niche Global, US, Europe, instant payments

Smart Payment Association promotes an Instant Payment Card solution

05 May 2020 | Cards

Smart Payment Association (SPA) has published proposals for an Instant Payment Card that would extend SEPA instant Credit Transfer functionality to consumers paying at POS terminals across Europe.

Smart Payment Association, instant payments, contactless payments, SEPA

Request to Pay: the future of payments

24 Apr 2020 | Payments General

Benjamin MadjarDeutsche Bank: The advent of instant payments and Open Banking has facilitated the development of a new form of payment, known as Request to Pay (RtP). 

Benjamin Madjar, Deutsche Bank, instant payments, Open Banking, Request to Pay, RtP

UnionPay rolls out Content and Service Platform to build "Pay+" digital ecosystem

23 Apr 2020 | Online Payments

UnionPay International (UPI) has released a new Content and Service Platform to develop ‘Pay+’ digital ecosystem in order to support partners amid the coronavirus pandemic.

UnionPay, payment platform, digital payments, instant payments