Real-time Payments

November, 2021

• 17 November

  Citing a Need for Faster Funding, Euronet Launches a Real-Time Cross-Border Payment Network

  

  To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network.  Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …
• 15 November

  ACI’s Network Intelligence Technology Takes Aim at Real-Time Payments Fraud

  

  As criminals increasingly target real-time payments networks with fraud scams, ACI Worldwide Inc. on Monday announced the launch of its proprietary Network Intelligence Technology as part of its ACI Fraud Management platform. The new technology enables banks, processors, acquirers, and networks to augment fraud-prevention strategies by allowing them to share …
• 10 November

  Restaurant Specialist Presto To Go Public and other Digital Transactions News briefs from 11/10/21

  

  Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, …
• 8 November

  U.S. Bank’s Bill Pay Tweak and other Digital Transactions News briefs from 11/8/21

  

  U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …

October, 2021

• 25 October

  Nium’s New Crypto Service and other Digital Transactions News briefs from 10/25/21

  

  Nium Pte. Ltd., a fintech specializing in payments and card issuance for businesses, launched what it calls crypto-as-a-service technology and extended its banking-as-a-service platform to the U.S. market. The former technology supports banks that want to add services supporting cryptocurrency investment.In related news, ACI Worldwide Inc. announced its ACI Secure Commerce unit will offer …
• 21 October

  Plaid Launches an Initiative With Multiple Fintechs to Enable a Wider Reach for Account-Based Payments

  

  The big open-banking provider Plaid Inc. on Thursday launched a major international campaign to support so-called account-based payments, working in league with almost 50 fintech companies and service providers in North America and Europe. The partners include long-time Plaid allies Dwolla Inc. and Square Inc., as well as new connections …
• 11 October

  The Clearing House, SWIFT, And EBA Clearing Partner to Speed Cross-Border Payments

  

  The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …

September, 2021

• 28 September

  39% Would Ditch Banks and other Digital Transactions News briefs from 9/28/21

  

  Thirty-nine percent of consumers would ditch traditional banking for peer-to-peer and social media app payments, found a survey of 1,000 U.S. consumers from GoCardless, which provides account-to-account payment services. Younger consumers are much more inclined than older consumers with 54% of Gen Z, the youngest, and 56% of Millennials, willing to …
• 16 September

  Dwolla Partners With Metromile to Enable Digital Insurance Claims Payments

  

  Seeking to improve the customer experience for insurance-claim payments, Metromile Enterprise Solutions LLC, an automated insurance-claims payments platform, is partnering with payment processor Dwolla Inc. to enable digital payments. With the Dwolla integration, insurance companies using Metromile’s Streamline platform can send claims payments in real time using The Clearing House …
• 15 September

  BNY Mellon Teams Up With Verizon And Citibank to Offer Real-Time Bill Payment

  

  Real-time bill payment took another large step forward Wednesday with BNY Mellon’s announcement it is partnering with Verizon Communications Inc. and Citibank to enable Verizon customers with Citibank accounts to pay their bills with near-instant effect.  The agreement connects BNY Mellon as the billing bank, Verizon as the biller, and …