FAST, Singapore’s real-time national payments system is live on VocaLink/BCSIS
Immediate low-value payment systems are going global, providing the spring-board for even faster mobile e-commerce growth
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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Immediate low-value payment systems are going global, providing the spring-board for even faster mobile e-commerce growth
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SWIFT, today announced that the Real Time Gross Settlement (RTGS) systems have gone live on SWIFTNet in Macau and Taiwan.
The UK Payments Council's clearing statistics for 2012 show that a revolution is happening in the UK payments landscape:
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™ (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
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.
TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem.