Tagged: real-time payments

Real-Time Payments: TD Bank Business Clients Can Pay Workers in Real Time

TD Bank, which claims to be America’s Most Convenient Bank, announced the launch of a collaboration with DailyPay, a fintech with an innovative on-demand pay solution. This capability “enables clients to give employees real-time access to earned pay prior to a scheduled payday.” Paul Margarites,… Read More

Digital Bill Payments Supported by ACI Worldwide for GOLDPoint Systems

ACI Worldwide (NASDAQ: ACIW), which claims to be the global leader in mission-critical, real-time payments software, will enable GOLDPoint Systems, a loan management software provider, “to digitalize its bill payments and enhance the entire customer experience with seamless transaction flow.” The ACI Speedpay solution “serves… Read More

FedNow Real-Time Payments Service to Go Live in Summer of 2023

The Federal Reserve has reportedly changed the timing of the introduction of its real-time payments solution, called FedNow, to the middle of 2023. The US Federal Reserve is aiming for a full-scale production rollout of the new payments service for somewhere between May and July… Read More

India’s NPCI International Signs PayXpert as UK’s Acquirer for UPI, RuPay

NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI), the organization behind the largest real-time payment solution, the Unified Payments Interface (UPI) and the RuPay card Scheme, has  “signed an MoU confirming a partnership with the payments solutions provider… Read More

UK Fintech Modulr Teams Up with Nebeus, the European Crypto Payments App

Nebeus, the European cryptocurrency app, has announced a partnership with Modulr, the embedded payments platform, “to augment its offering with accounts, real-time payments and Visa cards.” This move makes Nebeus one of the first European companies “to leverage Modulr’s one-stop card issuing solution across the… Read More

Astra, Visa to Support Faster Funding for New Accounts

Astra, a provider of instant card-to-card funding as a service in the US, recently announced it is using Visa Direct – which is Visa’s real-time payments service – “to provide fast payments to millions of its end-users who can fund cards, wallets, and other accounts… Read More

US Bank Introduces Real-Time Payment Service for Automobile Dealers

With another RTP® Network solution, US Bank can “provide loan funds to auto dealers instantly after the loan contract is finalized by the bank.” Following a successful pilot completed in June, U.S. Bank has already “enabled more than 800 auto dealers to receive funds from… Read More

Western Union and Visa Strengthen their International Partnership

Western Union (NYSE: WU) recently announced an update to its existing partnership with Visa (NYSE: V), expanding its integration with Visa Direct, Visa’s real-time1 money movement network, “into Western Union’s United States network.” Western Union’s integration with Visa Direct was “initially activated across Europe, allowing Western… Read More

Jack Henry & Associates to Acquire Payrailz

Jack Henry & Associates, Inc. (Nasdaq: JKHY) announced that it has entered into a definitive agreement to acquire Payrailz, “adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem.” Based in Glastonbury, Conn., Payrailz provides cloud-native, API-first, AI-enabled… Read More

ACI Worldwide, CARDNET to Streamline Virtual Payments in Japan

ACI Worldwide (NASDAQ: ACIW), which claims to be the global leader in mission-critical, real-time payments software, recently announced an agreement with Japan’s central domestic payment network, Japan Card Network, Inc, CARDNET, in order “to modernize its digital payments infrastructure.” The agreement will “see ACI work… Read More

Fintech COMO Chooses SAP Fioneer’s Cloud for Banking to Support Real-Time Payments

COMO, an international automated paytech, has chosen SAP Fioneer’s Cloud for Banking (C4B) application. This partnership will “allow COMO’s customers immediate access to rich core banking functionality, while enabling real-time payment transactions and reducing costs by up to 60% for corporates.” The C4B system and… Read More

Real-Time Payments “Evolution” Underway as APAC Seeks Growth Frontiers: Report

Asia-Pacific is getting ready for the next phase of its real-time payments journey as the region’s key service providers look for new growth opportunities and prepare “to enter the next stage of their real-time payments development.” This, according to the third edition of Prime Time… Read More

Payments Canada Chooses TCS as Integration Lead for Real-Time Rail, a Real-Time Payment System

Payments Canada has announced the selection of Tata Consultancy Services (TCS) (BSE: 532540) (NSE: TCS), a global IT services, consulting and business solutions organization, “as the integration lead for Canada’s real-time payment system, the Real-Time Rail (RTR).” TCS will help plan and orchestrate activities “with… Read More

U.S. Bank, Driveway Support Payments Instantly to Online Automobile Sellers

U.S. Bank and Driveway have collaborated to pay car sellers “immediately” with real-time payments, making Driveway one of the first online car dealerships “to pay customers over the RTP network.” Clients selling a car on Driveway.com may now have the payment deposited “instantly” into their… Read More

Visa Canada, DoorDash Support Real-Time Digital Payments via Fintech Stripe

Visa (NYSE: V) has announced a new offering with DoorDash, a “last-mile” logistics platform, in order to help enable faster payouts “to eligible Dashers across Canada.” The latest feature, called DoorDash Fast Pay, is “facilitated by Stripe’s Instant Payouts product, made available through Stripe’s financial… Read More

Payments in the Future: IDC InfoBrief Commissioned by Episode Six Looks at 2023 and Beyond

It’s no secret the process of how we pay for goods and services is changing before our eyes and the latest IDC InfoBrief commissioned by Episode Six speculates on what the future will look like. In 2030 they expect 74 per cent of global consumer… Read More

Instant Transactions, Real-Time Notifications are Vital to Trusted Payments Process, Modulr Survey Reveals

The team at UK Fintech Modulr has done some research in order to find out what “makes paying passengers leave, and what makes them come back.” As noted in a blog post by Modulr, digital transformation has “been on the collective agenda for years.” It’s… Read More

Stephany Kirkpatrick from Orum Shares Vision for Frictionless Financial System Established on Real-Time Payment Channels

Orum’s founder and CEO, Stephany Kirkpatrick, has shared her vision for a “frictionless” financial future built on “seamless” real-time payments. Stephany Kirkpatrick notes that building a firm or business from the ground up is “unlike anything else you’ll do in your life.” As Orum’s founder… Read More

ACI Worldwide Introduces Network Intelligence Tech to Tackle Real-Time Payments Fraud

ACI Worldwide, an international provider of real-time payments and virtual payment software services, has introduced its Network Intelligence Technology as a key part of ACI Fraud Management. The tech allows banking institutions, processors, acquirers, and networks to complement fraud prevention strategies by enabling them to… Read More

Mastercard Enhances Support of Latin America Real-Time Payments with Acquisition of Arcus

Mastercard (NYSE: MA) announces that it has acquired Arcus FI, an alum of the firm’s Start Path program, in order to help support the delivery of bill pay solutions and “other real-time payment applications across Latin America.” As mentioned in the announcement: “With offices in… Read More

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