Articles with tag like: instant payments

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South African banks to charge more for instant payments

News | Payments General | 11 May 2021

South African banks have little choice but to charge extra for processing immediate electronic payments between clients of different banks, according to Business Insider.

real-time payments, banks, payments infrastructure, instant payments, money transfer

NPCI subsidiary, FSS partner to accelerate UPI's global expansion plans

News | Online Payments | 28 Apr 2021

Financial Software and Systems (FSS) has partnered with NPCI International Payments to expand the presence of digital payments platform Unified Payments Interface (UPI) in international markets.

NPCI, UPI, partnership, instant payments, cross-border payments

Dwolla launches real-time payments solution in US

News | Online Payments | 12 Apr 2021

US-based payment platform Dwolla has launched its Real-Time Payments solution, a payment option that allows users to send money directly to a bank account using the RTP Network.

real-time payments, API, clearing house, instant payments

Federal Reserve releases message specifications for the initial launch of its FedNow ISO 20022

News | Payments General | 02 Apr 2021

Federal Reserve has released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization.

instant payments, ISO, ISO 20022, data, payment processing

Jack Henry enters FedNowSM pilot program

News | Payments General | 31 Mar 2021

US-based Jack Henry, a provider of technology solutions and payment processing services, has confirmed it will participate in the FedNowSM pilot program.

Jack Henry, instant payments, regulatory sandbox, FedNow

Rootz partners with CashtoCode for cash payments and new customer traffic

News | Online Payments | 24 Mar 2021

CashtoCode, the instant cash payment service for online merchants, has partnered with Rootz, one of the world’s fastest growing iGaming operators.

CashtoCode, partnership, instant payments, online payments, merchants

NACHA announces new electronic payments rule in the US

News | Online Payments | 19 Mar 2021

The National Automated Clearing House Association’s (NACHA) has issued a new WEB Debits Rule, with a one-year no-action period for companies working toward compliance.

ACH, online payments, instant payments, instant settlement

PayMyTuition now incorporates Open Banking

News | Online & Mobile Banking | 17 Mar 2021

PayMyTuition, a provider of technology-driven payment processing solutions, has incorporated Open Banking into its solution for international payment plans. 

Open Banking, API, instant payments, payment processing

DIEM raises USD 5.5 mln in funding round

News | Payments General | 16 Mar 2021

UK-based DIEM, a circular economy-oriented startup that lets customers sell their unwanted items to the company and receive instant payments, has raised USD 5.5 million seed funding in an oversubscribed round.

fintech, funding, startup, instant payments

BNP Paribas partners with Token to launch instant payment initiative

News | Online & Mobile Banking | 09 Mar 2021

Open Banking payments platform Token and BNP Paribas have  announced the launch of an online payments service to combine the power of SEPA Instant and PSD2 APIs, two major initiatives from the European Payments Council. 

Open Banking, Token, instant payments, account-to-account payment, online payments

Mastercard completes acquisition of Nets' account-to-account payment business

News | Payments General | 05 Mar 2021

Mastercard has completed its acquisition of the majority of the Corporate Services business of Nets, having met the conditions set out by the European Commission in its approval in August 2019.

Mastercard, Nets, acquisition, account-to-account payment, instant payments

Fidor Solutions signs partnership with SIA

News | Payments General | 01 Mar 2021

Germany-based fintech Fidor Solutions, a subsidiary of Sopra Banking Software, has partnered with SIA to launch its instant payments service in Germany and in other European countries.

partnership, product launch, instant payments

The implications of the European Commission retail payments strategy on cross-border payments in Europe

Voice of the Industry | Online Payments | 24 Feb 2021

Robrecht Vandormael of Payments Europe: ‘The Commission believes charges for both regular and instant credit transfers should be the same – although it notes that there will be additional costs for the provider if features and add-ons, such as chargebacks, are offered with instant payments’

Robrecht Vandormael, Payments Europe, instant payments, cross-border payments, SCA, PSD2

Temenos joins the FedNow pilot programme

News | Payments General | 23 Feb 2021

Switzerland-based banking software company Temenos has announced that it has been selected by the Federal Reserve Bank to participate in the FedNow Service pilot programme.

Temenos, Federal Reserve Bank, FedNow, instant payments, financial institutions

JOOR expands payment capabilities with SEPA and ACH partnerships

News | Online Payments | 23 Feb 2021

JOOR, a wholesale management platform for fashion, beauty, and home, has partnered with SEPA (Single Euro Payments Area) and ACH (Automated Clearinghouse Network).

JOOR, SEPA, ACH, business partnership, instant payments, retail, money transfer, online payments

Saudi Central Bank launches instant payment system

News | Online Payments | 22 Feb 2021

The Saudi Central Bank (SAMA) has launched the ‘sarie’ instant payment system.

Saudi Central Bank, SAMA, Sudi Arabia, instant payments, financial inclusion, sarie, online payments

EBA CLEARING's RT1 platform reaches critical mass

News | Payments General | 10 Feb 2021

France-based EBA CLEARING has announced that its RT1 platform has reached critical mass in Belgium for instant payments.

EBA clearing, RT1, Belgium, banking, payment accounts, instant payments, SEPA, Single Euro Payments Area, SCT, real-time payments

ZEN launches in 32 markets with the support of Currencycloud

News | Online Payments | 01 Feb 2021

ZEN has announced its launch in 32 markets, including the UK, with the support of Currencycloud.

ZEN, Currencycloud, business partnership, multi-currency, instant payments, ecommerce, PSPs

Sokin, Mastercard partner in South Asia to expand fixed-price payments service

News | Payments General | 29 Jan 2021

Sokin has partnered with Mastercard in South Asia to provide its fixed-price payment services in India, Sri Lanka, Bangladesh, Nepal, and the Maldives.

Sokin, MasterCard, business partnership, South Asia, international money transfers, consumers onboarding, instant payments

Railsbank partners with sync.

News | Online & Mobile Banking | 28 Jan 2021

Global Banking-as-a-Service platform Railsbank has partnered with digital smart Open Banking app sync., according to the official press release.

Railsbank, sync., Open Banking, app, BaaS, Banking as a Service, platform, debit, credit, instant payments, card