Tagged: instant payments

Embedded Finance Fintech Cross River and Trustly to Enhance Instant Payments with FedNow Service

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

European Fintech Brite Payments Joins The Payments Association

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

Open Banking Fintech Tink Introduces Risk Engine, Unlocking Instant Payment Experiences

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

Real-Time Payments Adoption: Majority of Firms to Utilize RTP in Coming Years, Survey Reveals

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

US Faster Payments Council Releases Operational Considerations for Instant Payments Guideline

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

Fintech Orum Introduces Solution on Top of FedNow to Instantly Verify Bank Accounts

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

Sweden’s Brite Payments Raises $60M to Support Instant Bank Payments Across Europe

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

Fintech Plaid Says that Businesses Now Expect Instant Payments and FedNow May Help Address these Requirements

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

Real-Time Payments Technology: ACI Worldwide, Microsoft to Support Instant Transfers

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

Treasury Prime Announces Integration with Astra to Bring Real Time Payment Capabilities

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

Real-Time Payments Milestone: RTP Network Surpasses 1M Transactions on a Single Day

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

Matera Brings Scalable Ledger Tech to US Financial Institutions, Enabling Digital Transformation Without Risk

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

Bridget Hall of ACI Worldwide: Fintech Executive Comments on Development of Cross-Border Payments Solutions, FedNow

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

Matera Brings AI to Instant Payments, Acquires Brazilian Artificial Intelligence Firm Cinnecta

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

Brite Payments Extends Nordic Coverage with Instant Payments, Payouts Services in Denmark

Brite Payments announced that it has expanded its product coverage with the launch of open banking-powered instant payments and payouts in Denmark. With full product coverage in Sweden and Finland, the addition of Denmark further strengthens the second-generation fintech’s footprint “as it continues its expansion… Read More

Instant Payments Solution: RTP Network Expands Request for Payment (RfP) Availability

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

Instant Payments, Credit Card Transactions in Brazil Surge as Pix Continues to Gain Market Share

Matera, maker of instant payments, QR code and digital ledger technology, recently released its mid-year report on the adoption of Brazil’s Pix instant payments scheme. The latest Pix by the Numbers report “covers data through Q2 2023, and shows that there are more Pix transactions… Read More

Travis Everett of the National Merchants Association: Industry Veteran Shares Perspective on Implementation of FedNow

  Travis Everett, Chief Operating Officer (COO) of National Merchants Association (NMA), has shared key insights with Crowdfund Insider on FedNow, the new instant payments and transfer service offered by the US Federal Reserve. The new service became operational this past week, with 35 financial… Read More

BNY Mellon Joins FedNow Service, Enhancing US Payment System

BNY Mellon (NYSE:BK) announced it is now live on the Federal Reserve’s new instant payment rail, the FedNow Service, making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services. FedNow… Read More

Workforce Payments Platform Branch Launches Faster, Flexible Payout Options for Earners

Branch, the workforce payments platform, announced the launch of a new tool to pay out earners instantly. Complementing the platform’s award-winning mobile wallet and range of offerings for accelerating payments, Branch Direct is “a web-based, instant payment solution that allows companies to pay out workers… Read More

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