Pacing Payments

Announcements

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

    By: Katelyn Marchessault Katelyn Marchessault , yesterday
    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

    By: Katelyn Marchessault Katelyn Marchessault , yesterday
    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

    By: Katelyn Marchessault Katelyn Marchessault , yesterday
    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

    By: Katelyn Marchessault Katelyn Marchessault , yesterday
    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.

Community Blogs

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    May 2018 Faster Payments Executive Summary — Accelerating Growth and Opportunities for Involvement Continue

    By: Joe Casali, AAP, NCP 6 months ago

    NEACH's Faster Payments Executive Summary published monthly in a quick, easy-to-read charticle and blog post, is your go-to resource for staying in the know about new developments in the faster payments landscape. Each month's briefing highlights ...

Latest Discussion Posts

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    November 2018 Faster Payments Executive Summary- Modernizing ...

    By: Joe Casali, AAP, NCP , 10 days ago

    The payments industry is experiencing unprecedented change as we move to modernize the U.S. payments system. Times of accelerated change such as these offer both challenges and opportunities. To navigate these changes well and to make the most of these ...

    1 person likes this.
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    Solving the P2P Payments Puzzle

    By: Joe Casali, AAP, NCP , one month ago

    On many recent occasions, NEACH has been working with members who have been through the process of implementing a new Person to Person (P2P) payment option for their customers and members. For any financial institutions that are currently going through ...

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    Real-Time Innovation: It's More than the Rails

    By: Joe Casali, AAP, NCP , one month ago

    Over the past two weeks, I attended two critical industry events: the Real-Time Payments Summit and the Fedpayments Improvement Community Forum. Although each event brought distinct topics to the table, a prevailing point emerged: Real-time payments may ...

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    October 2018 Faster Payments Executive Summary- What's ...

    By: Joe Casali, AAP, NCP , one month ago

    What's next in faster payments? It's a question that's on all of our minds. While no one knows for sure, the developments and events below offer a snapshot into the world of faster payments and the path that lies ahead. NACHA-The Electronic Payments ...

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    Board of Governors Seek Industry Feedback on Real-time ...

    By: Joe Casali, AAP, NCP , one month ago

    Yesterday, The Board of Governors of the Federal Reserve System called for public comment on the potential of building a real time gross settlement (RTGS) system to promote ubiquitous, safe and efficient faster payment in the United States. This request ...