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TCH Readies for Real-Time Payments Boom; Visa’s $1 Billion Acquisition; Mastercard’s Subscription Plans
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On the Eve of FedNow, TCH’s RTP Readies for a Real-Time Payments Boom
As the payments industry waits a few more weeks for the expected July launch of the Federal Reserve’s FedNow real-time payments platform, the backer of a real-time payments service that is entering its sixth year readies for more business. Operated by The Clearing House Payments Co. LLC, the Real Time …
Read More »Jack Henry Launches Fraud Detection in Real Time for a Range of Payments
Jack Henry & Associates has launched PayrailzFraud Monitor, a real-time fraud-monitoring technology for payments. The cloud-native solution, which Jack Henry describes as an enhancement to its Payrailz platform, uses artificial intelligence, machine learning, and behavioral analytics to detect payments fraud as the fraud is occurring, with a scope including peer-to-peer and …
Read More »Toast Revenues Balloon 53%; Phishers Love the Financial Sector; Real-Time Payments Fraud on the Rise
Real-Time Payments Fraud on the Rise And Other Digital Transactions News briefs from 5/10/23
Real-time payment fraud is on the rise, even before the expected July launch of the Federal Reserve’s FedNow service. Some 71% of financial institutions reported an increase in consumer account takeover fraud using real-time payment networks from 2021 to 2022, according to a February and March survey of financial-institution executives internationally …
Read More »PayPal’s Unbranded Checkout Goal; Real-Time Payments in Real Estate; Payrange Acquires Vagabond
Real-Time Comes to Real Estate As EMTransfer And KeyBank Enable Payments Via TCH’s RTP Network
EMTransfer LLC, a real-estate cash-management platform provider, has teamed up with KeyBank to bring real-time payments to the real-estate industry through The Clearing House Payments Co.’s RTP network. Using application programming interfaces from KeyBank, EMTransfer can connect parties involved in the real-estate closing process, such as title insurance and escrow …
Read More »Today’s Digital Transactions News: Upbeat AmEx’s Record Revenue; Cards in a Real-Time Payments World; Pulse Volume up 9%
Cards in a Real-Time Payments World
As a new phase of real-time payments in the United States draws near, don’t expect payment cards to go away any time soon. That’s the consensus from several speakers at the Smarter Faster Payments 2023 conference sponsored by Nacha this week in Las Vegas. Each time a new payment rail …
Read More »ACI Bundles Fraud Services Under a Real-Time Payments Cloud Brand
As real-time payments gain more traction in the United States, ACI Worldwide Inc. is making fraud-protection services that cater to these methods available under the Real-Time Payments Cloud moniker. Announced Tuesday and working with Microsoft Corp.’s cloud service Azure, ACI’s Real-Time Payments Cloud supports the Real Time Payments network from …
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