Bank of America Merrill Lynch is launching Accelerated Payments to Asia
Circumvent time zone delays when making U.S. payments to or within Asia
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…
Read moreHow to exploit the new extended remittance formats now offered by Fedwire and CHIPS
The Remittance Coalition is driving the move to extended remittance formats for wire transfers
RTGS systems go live in Macau and Taiwan on SWIFT
SWIFT, today announced that the Real Time Gross Settlement (RTGS) systems have gone live on SWIFTNet in Macau and Taiwan.
UK Clearings in 2012: a revolution is occurring with astonishing growth in Faster Payments - 54% by
The UK Payments Council's clearing statistics for 2012 show that a revolution is happening in the UK payments landscape:
2 billionth Faster Payment made in November 2012. Same day payments become expected in the UK
The UK's Faster Payments Service was introduced in 2008 with a focus on personal payments and standing orders. The ACH based system, which clears and settles within a couple of hours (and normally much less), proces
FIS launches real-time payment network to become operational in early 2013. Is this the breakthrough
FIS™ (FIS), the world's largest provider of banking and payments technology, today announced the launch of PayNet™, the industry's first global real-time payments network for domestic and international money movemen
Same-Day ACH Payments: UK’s FasterPayments Service now has consistent payment limits
One great problem with same-day ACH payment services is that to get the service started the banks have to agree to allow individual member banks to set their own transaction limits and levels of service.
Europe’s TARGET 2 in 2011
TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem.