Real-time Payments

May, 2024

• 7 May

  Consumers And Businesses Are Embracing Instant Payments, a Fed Study Says

  

  Consumers and businesses are embracing instant-payment options for such transactions as bill payment, mobile-wallet funding and defunding, account-to-account transfers, and immediate payroll for employees, the Federal Reserve says. A pair of studies surveying businesses and consumers about instant payments and the payments landscape, released late Monday by the Fed, reveals …
• 6 May

  J.P. Morgan Payments Adds Real Time A2A Payments With the Addition of Visa Direct

  

  Real-time account-to-payment payments has received a big boost as J.P. Morgan Payments adds Visa Direct to its arsenal of payment options. The deal gives businesses using J.P. Morgan Payments’ platform an option to make payments, such as a rebate or refund, directly to a consumer’s debit card or bank account …
• 3 May

  Shrugging off Volatility, Crypto Enthusiasts Hike First Quarter Spending by 20%

  

  When cryptocurrency prices rise, spending may dip, but only for a short time before users accelerate their purchases with Bitcoin and other digital coins, according to a report released Thursday by BitPay Inc., an Atlanta-based payments-service provider for crypto users and crypto-accepting merchants. The ”2024 BitPay Spending Report,” which covers …
• 2 May

  Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs

  

  Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …

April, 2024

• 29 April

  Paysafe Adds a Pay by Bank Option for Online Bettors

  

  Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …
• 29 April

  Veritran Partners with Swift and other Digital Transactions News briefs from 4/29/24

  

  Veritran, a U.S. technology company, said it is working with global financial-messaging service Swift to enable a smoother process for bank customers looking to make cross-border payments. Some 78% of community and regional banks plan to widen payments and merchant services for small businesses in coming months, with 96% planning …
• 26 April

  PayStand Acquires TeamPay and other Digital Transactions News briefs from 4/26/24

  

  Paystand Inc., a business-to-business payments fintech, announced it has acquired Teampay, a developer of spend-management software. Terms were not announced. Treez Inc. released an e-commerce application for cannabis retailers using its Treez point of sale technology. The new service lets stores create an online storefront and accept payments. Payments platform RevoluGroup Canada Inc. said …
• 24 April

  Steady Consumer Spending Helps Buoy Visa As It Strikes Deals for Open Banking

  

  Citing “relative stability” across key business metrics, such as cross-border volume, Visa Inc. late Tuesday reported March-quarter increases of 10% year-over-year in both net revenue ($8.8 billion) and net income ($4.7 billion). Driven by stable consumer spending, dollar volume grew 8%, while total cross-border dollar volume grew 16% and processed …
• 22 April

  Apple Wallet Open in Europe? and other Digital Transactions News briefs from 4/22/24

  

  The European Commission’s antitrust regulators are likely to approve, perhaps as early as next month, proposals from Apple Inc. that would open the iPhone’s NFC capability to wallets that rival Apple Pay, Reuters has reported. If accepted by the regulator, the proposals would end a four-year inquiry that otherwise could have led …
• 15 April

  Eye on Bitcoin: Get Set for the Latest ‘Halving;” Bitcoin Depot Welcomes Investors for its Kiosk Deployments

  

  Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …