US faster payments competition one step closer
The Federal Reserve has announced the FedNow pilot programme participants.
Urgent/Instant Payments
B2B transaction volumes surge
Both Tradeshift’s Global Index of Trade Health and Nacha analysis of the US ACH network have picked up sharp rises in B2B payments volumes.
Amid economic uncertainty, businesses embrace change
A JPMorgan Chase survey shows US businesses focused on contingency planning, increased cash buffers, and digital platforms and processes.
Real-time payment infrastructures advance in Europe
Both Iceland and Luxembourg have benefitted from payments system upgrades this week.
Mastercard advances multi-rail strategy to modernise business payments
The payments giant has added account-to-account and global card payments functionality to its Mastercard Track Business Payment Service.
Real-time payments surge ahead
While Sweden's Riksbank and the ECB explore cross-currency instant payments, an FIS study finds volumes instant payments are accelerating globally.
ACI Worldwide and Mastercard partner on global real-time payments solutions
The two companies will initially collaborate to offer central infrastructure, payments localisation and access solutions.
Transaction banking: “What an advantage starting from scratch is”
Goldman Sachs progress report shows the advantage of having no legacy infrastructure holding them back
SWIFT announces a strategy for instant, frictionless payments and securities processing
It aims to enable seamless transactions from one account to another anywhere in the world with end-to-end transparency and predictability.
Real-time payments gaining traction with US corporates
A survey from Citizens Commercial Banking has found nine out of 10 businesses are interested in the new US payment standard.
Industry roundup: 5 May
News in brief featuring ION, Jack Henry, and GreenBox.
Industry roundup: 28 April
News in brief featuring Volante Technologies, RBC, and the British Business Bank.
Industry roundup: 27 April
News in brief from Deutsche Bank, AvidXchange, Western Union and SurePayd.
Deutsche Bank begins roll out of corporate instant payments in Thailand
PromptPay uses an account number or corporate tax ID to receive incoming payments.
Industry roundup: 16 April
News in brief featuring DBS, Currencycloud, Fairfax, Deloitte, KyckGlobal, and more.
Sweden joins ECB’s instant payments settlement platform
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
ACI Worldwide and Global Data research has analysed real-time payments volumes, growth and dynamics across 30 global markets.
The new pan-European payment scheme – Request-to-Pay
Two leading payment systems experts from Deutsche Bank discuss the new pan-European payment scheme they are launching.
Erste Bank enables instant payments in Hungary
Powered by valantic, the bank now offers real-time payments around the clock and request-to-pay in Hungary.
Accuity acquires Apply Financial
The firm will provide real-time STP and account validation payment solutions.
SWIFT gpi traffic up to US$77 trillion in 2019
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi.
Greenwich leaders in both European and Asian large corporate banking and cash management announced
Challenges for European companies creates opportunities for corporate banks, while commoditisation shifts the Asian landscape.
Swedbank, SIA and TietoEVRY partner on instant payments
Over 30 million instant payments have already been executed.
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