Friday , September 18, 2020

Search Results for: faster payments

Fast Thinking for Faster Payments

For financial institu­tions of all sizes, real-time transfers are likely to be a competitive necessity. But small banks must work out how to balance operational headaches with potential advantages. It has been generally acknowledged that real-time payments can provide some significant benefits to financial institutions. But for smaller FIs, they …

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Faster Payments Council Releases Interoperability Report and other Digital Transactions News briefs from 6/5/20

The U.S. Faster Payments Council’s network committee released a white paper on faster payments interoperability.MoneyGram International Inc. said it has agreed with Al Rajhi Bank, said to be the largest Islamic bank in the world, and its remittance unit, Tahweel al Rajh, to offer money transfers in Saudi Arabia.IBS Software, which serves …

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The Faster Payments Council Seeks a New Executive Director As Kim Ford Steps Down

Kimberly Ford will step down as executive director of the U.S. Faster Payments Council effective May 6 after just 11 months on the job, according to sources. Ford’s resignation was confirmed by an email to members sent Friday and obtained by Digital Transactions News. Applications for the position are being …

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U.S. House Committee To Hold Faster Payments Hearing and other Digital Transactions News briefs from 8/30/19

The U.S. House of Representatives’ Task Force on Financial Technology will hold a hearing Sept. 26 on “The Future of Real-Time Payments.” The task force was created in May by U.S. Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee.Housecall Pro, a software platform for home-service technicians, launched My …

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Not So Fast for Faster Payments, a Survey Finds

Proponents of faster-payment services, which enable real-time or nearly real-time transfers, may need a bit of patience for larger-scale adoption of the technology. Fifty-six percent of attendees at the 2019 Nacha Payments conference in May said it will take at least a year, and possibly more, for their companies to …

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Venmo’s Latest Instant-Transfer Gambit Leverages Faster Payments As It Digs for Revenue

With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon. But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal on Monday announced its latest instant-transfer service, this one allowing Venmo users to move …

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