Tagged: instant payments

March 23, 2025 @ 11:33 pm By Omar Faridi  |  

Trustly, the global Pay by Bank solutions provider, announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank, the Swedish Central Bank, solidifying Trustly’s position in instant payouts. Representing a key milestone for the company in its home market, Trustly… Read More

February 5, 2025 @ 5:50 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global financial technology firm, announced it is one of the first providers in the fintech industry “certified” to enable send capabilities for credit transfers in the Federal Reserve’s FedNow instant payment service. The addition of send capabilities and real-time alerts will… Read More

December 29, 2024 @ 5:07 pm By Omar Faridi  |  

Aghanim, a mobile gaming fintech company, announced a new feature for mobile game developers: Instant Payouts. Founded by Harvard Business School alums with more than 40 years of combined expertise in video games and fintech, Aghanim’s platform ensures developers are now paid instantly, a “stark… Read More

October 23, 2024 @ 7:25 am By Omar Faridi  |  

A new European initiative has now been introduced in order to improve instant payments between different currencies. The European Central Bank (ECB) is now launching an initiative aimed at making it easier for companies to develop services for making instant payments between different currencies. Initially,… Read More

October 4, 2024 @ 9:45 am By Omar Faridi  |  

Zūm Rails, the company merging open banking and instant payments,  announced it is leveraging embedded finance solutions from Fiserv (NYSE: FI), which is a provider of payment and financial technology, in order to enable digital transactions and financial services for US-based businesses. With Fiserv as… Read More

August 21, 2024 @ 4:38 pm By Omar Faridi  |  

PostFinance notes in a recent update that the receipt of instant payments now possible. No more waiting for your money: instant payments are here. PostFinance customers can “now receive money transfers in real time – 24/7, 365 days a year.” According to a blog post… Read More

April 12, 2024 @ 3:39 am By Omar Faridi  |  

Trustly, a global enabler of Open Banking Payments, and Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, are expanding their collaboration in instant payments with the addition of the FedNow Service. The development delivers the anticipated expansion of “an instant payment… Read More

February 9, 2024 @ 5:47 pm By Omar Faridi  |  

Brite Payments, an enabler of instant bank payments, announced that it has joined The Payments Association EU as a Patron Member. The membership underlines Brite’s commitment “to industry collaboration as it expands its product offering across Europe.” Brite Payments enables instant account-to-account (A2A) payments and… Read More

January 26, 2024 @ 3:22 am By Omar Faridi  |  

Tink, the firm focused on open banking, has launched ‘Risk Signals’ – a rules-based risk engine that unlocks instant payment experiences across Europe, while minimizing risk. In some European markets, bank transfers “can take up to three days to settle depending on the scheme, with… Read More

October 22, 2023 @ 1:28 pm By Omar Faridi  |  

The 2023 AFP Real-time Payments Survey, conducted by the Association for Financial Professionals (AFP), found that corporates plan “to drastically increase their use of real-time payments in the next five years to benefit from lower transaction costs, improved transparency into the payment process, increased efficiency,… Read More

October 13, 2023 @ 6:01 pm By Omar Faridi  |  

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, published Guideline.01: Operational Considerations for Instant Payments Receive-Side Primer in its Faster Payments Knowledge Center. The FPC Operational Considerations for Instant & Immediate Payments Work… Read More

October 11, 2023 @ 12:30 pm By Omar Faridi  |  

Orum, the API for fast, reliable payments, today announced the launch of Verify, the first ever product built on top of FedNow, the Federal Reserve’s new instant payment rail. Orum’s patented technology – Verify – “determines within 15 seconds whether a bank account is open… Read More

October 5, 2023 @ 10:25 am By Omar Faridi  |  

Brite Payments, a firm focused on instant bank payments, announced a $60 million funding round led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore. Brite leverages open banking to offer businesses easy-to-integrate, instant account-to-account (A2A) payments and payouts…. Read More

September 25, 2023 @ 3:35 pm By Omar Faridi  |  

Every company that moves money is keeping a close eye on FedNow, the team at Plaid notes in a blog post. Plaid explains that firms expect instant payments for every use case, but the reality is “that the market isn’t quite there yet.” However, there… Read More

September 20, 2023 @ 9:59 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced a collaboration with Microsoft in order “to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.” Hosted in the Microsoft Azure environment,… Read More

September 19, 2023 @ 3:43 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced a strategic collaboration with Astra, a technology company that offers advanced instant payment solutions. With Astra’s technology, Treasury Prime customers now “have access to instant account funding and instant disbursements via push-to-card capabilities.” This feature marks a… Read More

September 8, 2023 @ 4:41 pm By Omar Faridi  |  

The RTP Network, the instant payments system operated by The Clearing House that is available to all insured depository financial institutions in the United States, surpassed the one million daily payment milestone “on September 1 as more financial institutions and their customers realize the benefits… Read More

September 7, 2023 @ 11:45 am By Omar Faridi  |  

Matera, maker of instant payments, QR code and digital ledger technology, announced the launch of Digital Twin. Digital Twin is described as a “one-of-a-kind cloud-native software that sits on top of a financial institution’s core banking platform to enable real-time transaction authorizations and balance updates… Read More

September 4, 2023 @ 10:09 am By Omar Faridi  |  

As more countries implement real-time payments rails (including the U.S. in July with FedNow), the next big frontier in the industry is the race to develop the best real-time cross-border payments solutions. ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments solutions, can speak… Read More

August 17, 2023 @ 12:37 pm By Omar Faridi  |  

Matera, maker of instant payments, QR code and digital ledger technology, announced its strategic acquisition of Cinnecta, an AI company renowned for its solutions in customer retention, loyalty and enhancing digital experiences. The acquisition underpins Matera’s mission “to provide clients with unmatched value, especially in… Read More