The Clearing House is a real time payments network owned by a consortium of some of the biggest banks; there...
FedNow's launch is imminent and there seems to be a whole lot of confusion about what it means - Here's all you need to know.
The Clearing House, which is owned by a consortium of the biggest banks, has extended an olive branch to smaller...
Fintech firm Kyriba is partnering with JPMorgan Chase on real-time payments which will be a game changer according to the...
The concept of embedded finance isn't new, but the modern form of the distribution model is emerging as a global payments force.
We have a problem in this country. For the most part, money moves around slowly, at much the same speed...
Merchants, community banks and credit unions are pushing the Fed to create their own real-time payments system as an alternative...
The Federal Reserve said they will look to release the FedNow real-time payments system in stages starting in 2023 and...
As real time payments have begun banks are finding it a challenge to implement them; how much should banks charge corporate clients for the service and how best to handle legacy infrastructure are two of the main questions they are grappling with; “Banks need to understand how they monetize these services,” Vinay Prabhakar, head of markets strategy for payments at Finastra, said to TearSheet. “Most banks have lucrative credit card programs, so how do they roll out RTP without cannibalizing their credit card models?”; Christopher Ward, PNC Bank’s head of treasury management product management, believes progress is being made and 90 percent of banks will have implemented real time payments by end of 2019. Source.
Less than a week ago, we highlighted news that Plaid was taking a network approach to fraud. This week, Sardine announced its own solution.