Announcements

  • The global adoption of real-time payments, sparking industry innovation — finextra.com

    Paul Stoddart, Chief Executive Officer, Vocalink & Colleen Taylor, Executive Vice President, Mastercard, speak at Sibos 2018 in Sydney about recent innovations having an impact on the consumer, which markets are ahead of the curve when it comes to adopting the latest real-time applications and how some of the latest innovations have tackled the issue of security, when leveraging the real-time rails.
  • PAYMENT METHODS: Chase Card Services President On Why It’s Time For Cards To Tap And Go — PYMNTS.com

    How to speed the checkout process? To echo an old Dustin Hoffman film, the answer may lie with one word: plastic. To that end, Chase, the largest card issuer in the U.S., said Wednesday (Nov. 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio. The rollout will be in stages, spanning from the end of 2018 into 2019, as customers open new accounts or as their cards are renewed, starting with credit cards — debit cards will join the contactless pantheon in the latter half of 2019.
  • Mastercard Enables Vendor Payments Within MYOB Platform — PYMNTS.com

    Mastercard and Australia-based small business accounting platform MYOB are collaborating to streamline vendor payments and payroll. In a press release on Thursday (Nov. 15), Mastercard said it will enable MYOB users to pay vendors with their commercial cards directly within the MYOB platform, limiting the need to manually initiate payment by keying the details into their online banking portals. The companies are enabling same-day payments, mobile and web support, and alerts notifying business owners when an invoice is due.
  • NACHA's Payments Innovation Alliance Defines Criteria for the Faster Payments Playbook - bezinga.com

    Today, NACHA and its Payments Innovation Alliance released a Meeting Summary Report from its first formal in-person meeting of the Faster Payments Playbook Project Team. The meeting, which took place during the larger Alliance meeting Oct. 10-12 in Washington, D.C., served as an opportunity for the Team participants to further progress on their work to provide tools for financial institutions and business end users seeking better understanding and clarity on faster payments to help shape their faster payments strategy.
  • Blockchain Believers Remain Bullish On B2B Payments Disruption: PayPie — PYMNTS.com

    As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. Dun & Bradstreet recently released a survey that found only about one-quarter of finance executives believe blockchain will emerge as the dominant B2B payments technology by 2028; instead, professionals believe online payments and eChecks will lead the way.
  • Faster payments pushing API ecosystems in the US | On-demand webinar — bobsguide.com

    Faster payments is gripping the US.
  • Faster Payments Council forms to accelerate digital pay framework adoption — mobilepaymentstoday.com

    The U.S. Faster Payments Council, a new organization backed by some of the nation's largest banks, retailers, fintech companies and other entities, will work with the federal government in modernizing the nation's payments system to allow secure transfers of funds with near immediate availability.
  • A Faster Payments Use Case that is Catching On — paymentsjournal.com

    Stripe announced that it will be joining a few other payment processors in offering merchants the opportunity to receive their funds from purchases within seconds or at least minutes rather than waiting days. Called Stripe Instant Payout, this service will compete with similar solutions from Worldpay and Square. Not only is it the increased speed that merchants will enjoy, but these balances will be forwarded to merchants every day of the week.
  • ACH Alert has granted U.S. Patent for fraud prevention solutions — fintechzoom.com

    ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, today announced that it has been granted U.S. Patent No. 10,115,106 by the United States Patent and Trademark Office (USPTO) for various fraud prevention solutions. This latest patent, combined with ACH Alert’s existing patented technology, expands on and reinforces the company’s mission to providing financial institutions with innovative, proven fraud detection services.
  • Banks versus fintechs – Is it still the right question? — mobilepaymentstoday.com

    "If you can't beat them, join them." The adage could be applied to the evolving relationship between banks and the fintechs that have become popular with consumers seeking an easy-to-use payment network. The evolving relationships between the established financial institutions and the younger technology players was a persistent theme throughout the recent Money20/20 conference in Las Vegas.
  • Visa and Stripe to Launch Instant Payments on Stripe Connect — fintechnews.sg

    Visa, has teamed up with Stripe, a fintech company focusing on online payment processing, to enable its real-time push payment solution on Stripe Connect, the company’s solution for multi- sided marketplaces and platforms.
  • Clearing and Settlement: The new battleground for payments innovation — finextra.com

    There is significant innovation and competition afoot in the world of payments initiation, driven by consumers and corporates on the demand side, and traditional banks, fintechs and challengers on the supply side.
  • Real-Time Payments Market Worth $25.9 Billion by 2023 - Exclusive Report by MarketsandMarkets

    According to a new market research report "Real-Time Payments Market by Nature of Payment (P2P, P2B & B2P), Component (Solutions (Payment Gateway, Payment Processing & Payment Security & Fraud Management) & services), Deployment Mode, Enterprise Size, Vertical, & Region - Global Forecast to 2023", published by MarketsandMarkets™, the global Real-Time Payments Market size to grow from USD 6.8 billion in 2018 to USD 25.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period.
  • GRAFT Announces Public Alpha for SuperNode Based Real-Time Authorizations Layer... - prweb.com

    The first fully-decentralized, multi-currency payment processing network and ecosystem, is today announcing the opening of the public alpha for its Real-Time Authorization (RTA) Network.
  • Podcast: Prime payments insights from the Fed —bai.org

    The Faster Payments Task Force has worked tirelessly to lay the foundation for a U.S. system that promotes the quick, seamless movement of money. Now comes the challenging part: making it happen.
  • Fed Launches New US Faster Payments Council — PYMNTS.com

    A group of payment players announced Tuesday (Nov. 13) that they created a new organization, dubbed U.S. Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability.
  • On-Demand Payroll without the Cash Flow Disruption—PYMNTS.com

    The payroll industry — and its biweekly or monthly pay schedule — hasn’t changed in decades. However, as awareness grows about the dangers of predatory payday lenders and the costs of bank overdrafts, employees demand better alternatives. Researchers are beginning to explore the potential for on-demand wages to address some of professionals’ personal cash flow challenges.
  • Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank—PYMNTS.com

    Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.
  • Corporates Compile Their Payments Innovation Wish Lists. PYMNTS.com

    Corporate decision-makers are seeing more choices in technology and services when it comes to the ways they pay suppliers, employees and business partners. However, these professionals have their own ideas about where corporate payments innovation should be headed.
  • Moving to electronic payment will have high impact, says survey—assetservicingtimes.com

    Almost 90 percent of corporates believe that moving vendor payments from check to electronic will have a very high or high impact on their businesses within the next three years, a BNY Mellon survey has found.