Friday , February 26, 2021

Real-time Payments

February, 2021

  • 25 February

    Zelle Gets Access to TCH’s Real Time Payments Network As an Integration Goes Live

    Peer-to-peer transactions have taken off as a way to pay digitally during the pandemic, and now the biggest bank-owned P2P network is getting a big lift through its integration with the country’s most extensive real-time payments network. Early Warning Services LLC announced early Thursday payments on its fast-growing Zelle P2P payments …

  • 18 February

    Wirex Preps for U.S. Debut and other Digital Transactions News briefs from 2/18/21

    To support a cryptocurrency-payments launch set for April in the United States, London-based digital-payments platform Wirex has linked to crypto-trading firm Zero Hash. Harold Montgomery, former chief executive of independent sales organization Calpian Inc., is managing director for Wirex USA Inc.Parking-app provider ParkMobile LLC said its latest municipal agreement allows its app to be …

  • 9 February

    Fiserv Looks to Units Like Clover And Carat to Help Bend Its Growth Trajectory Upward

    Like many of its rivals, Fiserv Inc. is looking for ways to prosper as hope begins to rise for a recovery from the Covid-19 pandemic that has ravaged much of the world. Tuesday afternoon, the Brookfield, Wis.-based payments provider revealed a promising report card for its fourth-quarter performance, with high-flying …

  • 3 February

    FedNow To Launch in 2023 and other Digital Transactions News briefs from 2/3/21

    The FedNow real-time payment service will launch commercially in 2023, the Federal Reserve said, narrowing the launch date from the 2023-24 timing it has projected since announcing the project in 2019.Fuel retailer Valero Energy Corp. said it is working with payments-technology provider P97 Networks to launch a mobile app that allows users to activate …

  • 2 February

    In Covid’s Wake, Consumers—And Now Businesses—Are Lining up for P2P Payments

    Much attention in the payments industry has focused on how the coronavirus pandemic has boosted contactless technology in stores, but it’s also leading more consumers and now businesses to adopt peer-to-peer payments networks, as well. After initial success with consumers, banks are starting to adapt P2P systems especially for small …

  • 2 February

    Jared Isaacman To Don a Spacesuit and other Digital Transactions News briefs from 2/2/21

    Jared Isaacman, founder and chief executive of Shift4 Payments Inc. and an experienced pilot, will command Inspiration4, the world’s first civilian space flight, scheduled for the fourth quarter and mounted in collaboration with SpaceX. Isaacman is also donating $100 million to St. Jude Children’s Research Hospital, which will have two …

  • 1 February

    Digital Payments And Phishing Attacks Influence Bankers’ Priorities for 2021, CSI Says

    Investing in digital account opening, mobile-banking applications, and customer-relationship applications are among bankers’ priorities for digital services in 2021, says a report from Computer Services Inc., a provider of cloud-based financial-services technology. Enabling consumers to open accounts digitally, even after the Covid-19 pandemic subsides, was cited as a top priority …

  • 1 February

    How a Processor Sees Opportunity in Its Participation in the Upcoming Pilot for FedNow

    With the Federal Reserve’s announcement last week that more than 110 financial institutions and processors have signed up for a pilot of the FedNow real-time payments service, third-party service providers are working to smooth the way for small banks that might otherwise be left on the sidelines. “We’re filling the niche …

January, 2021

  • 28 January

    As Visa Stages a Comeback From Covid, It Scopes Out Its Chances in Open Banking

    Visa Inc. along with many other payments companies was thrown for a loop by the coronavirus pandemic, but now it’s clawing it’s way back on the strength of debit cards, e-commerce, and a real-time payments service called Visa Direct. “In the United States, we are actually back to our prepandemic …

  • 25 January

    A Planned Pilot for FedNow Spurs More Than 110 Banks And Processors to Sign up

    The Federal Reserve reported late Monday it has received more than 110 expressions of interest from financial institutions and processors for a real-time payments pilot program slated to start later this quarter. That number exceeds the 80 entities the Fed expected to participate in the pilot for the FedNow service, …

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