Industry roundup: 28 April 2020
by Ben Poole
News in brief featuring Volante Technologies, RBC, and the British Business Bank.
Urgent/Instant .Payments
Background
There are times when a local or cross-border payment just needs making today, now. This can be because a payment needs to be cleared and settled at a specific date and time, e.g. for a…
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Industry roundup: 27 April 2020
by Ben Poole
News in brief from Deutsche Bank, AvidXchange, Western Union and SurePayd.
Deutsche Bank begins roll out of corporate instant payments in Thailand
by Ben Poole
PromptPay uses an account number or corporate tax ID to receive incoming payments.
Industry roundup: 16 April 2020
by Ben Poole
News in brief featuring DBS, Currencycloud, Fairfax, Deloitte, KyckGlobal, and more.
Nordea promises faster supplier payments
by Ben Poole
The move is designed to support its suppliers during the COVID-19 crisis.
CTMcast - 9 April 2020: Review of COVID-19 crisis and how corporate treasury is coping
by Jack Large
Jack and Ben review last week’s posts and discussions
Sweden joins ECB’s instant payments settlement platform
by Ben Poole
ECB and the Sveriges Riksbank conclude agreement on settlement of electronic payments in Swedish krona on TIPS.
COVID-19 crisis highlights need for real-time and new digital payments services
by Ben Poole
ACI Worldwide and Global Data research has analysed real-time payments volumes, growth and dynamics across 30 global markets.
Erste Bank enables instant payments in Hungary
by Ben Poole
Powered by valantic, the bank now offers real-time payments around the clock and request-to-pay in Hungary.
Accuity acquires Apply Financial
by Ben Poole
The firm will provide real-time STP and account validation payment solutions.
SWIFT gpi traffic up to US$77 trillion in 2019
by Ben Poole
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
What is next for Swift’s booming global payments innovation service?
by Jack Large
Extending global coverage, new international instant payments functionality and stop/recall service
Swedbank, SIA and TietoEVRY partner on instant payments
by Ben Poole
Over 30 million instant payments have already been executed.
Airwallex and Visa debut ‘borderless’ business card
by Ben Poole
#BusinessCard #B2BPayments #VirtualCards @airwallex @VisaNews
What’s next for corporate instant payments?
by Michael Knetsch , Director, Business Product Expert - Payments, Deutsche Bank
When combined with other emerging technologies, such as APIs, DLT and request to pay, instant payments begin to come into their own
Digital currencies: the ultimate hard power tool
by Ben Poole
Part III of DB's Future of Payments report examines the impact digital currencies could have on corporates and countries.
RTP limit raised to US$100,000, as MUFG joins scheme
by Ben Poole
The Clearing House is quadrupling the limit from February 1st.
Corporate disbursements: ACI Worldwide selects The Bancorp and Visa as real-time payment providers
by Ben Poole
The collaboration should yield faster payments capabilities.
Societe Generale launches instant payment offering for financial institutions
by Ben Poole
The solution was developed in partnership with Transactis.
Wells Fargo enables corporates to send payments on the RTP network
by Ben Poole
The bank's API enables real-time payments to be sent directly from a corporate's ERP or TMS.
HSBC Bank USA offers business clients real-time payments
by Ben Poole
Clients had been able to send real-time payments since July 2019.
Bellin adds SEPA real-time payments support following Deutsche Bank test
by Ben Poole
Bellin integrates real-time SEPA single and bulk payments via EBICS.
First 15 financial institutions to join US RTP network through Jack Henry & Associates
by Ben Poole
Pegasus Bank is among the initial intake leveraging JHA PayCenter to connect to the RTP network.
PNC introduces intelligent payment routing
by Ben Poole
Corporate clients can set up parameters that allow PNC to select the most suitable method: real-time payment, same day or next day ACH.