The Central Bank of the United Arab Emirates (CBUAE) has introduced Aani, an instant payments platform. Developed by Al Etihad Payments (AEP), a subsidiary of CBUAE, Aani is a key initiative under the CBUAE’s Financial Infrastructure Transformation (FIT) program, according to a Sunday (Oct. 16) press...
Real-time payments are strengthening B2B relationships, with partners on both sides of the transaction reporting that they benefit from the payment method. Eighty-nine percent of retailers that make real-time B2B payments say they have built stronger buyer-supplier relationships, and 76% of those that receive such...
More than 100 institutions are now actively participating on the Federal Reserve’s FedNow® Service network, which launched in July. There are now 108 financial institutions sending and receiving on the network, 21 institutions providing liquidity and settlement services, and 20 service providers supporting payment processing in the...
Property management always has a flurry of activity in the background. Landlords employ and contract with a variety of vendors and suppliers to keep things running smoothly, the grounds maintained, the sinks and toilets unclogged. Tenant turnover — where one renter leaves and another moves...
Nuvei says it wants to help Asia-Pacific (APAC) region traders and investors get paid faster. The Canadian payments company announced Monday (Aug. 28) that it has teamed with Mastercard to allow those traders and investors enjoy “near instantaneous payout capabilities” using Mastercard Send. Send, already offered to Nuvei customers...
One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed. Faster payments tend to translate into greater efficiency and transparency, and there are any number of initiatives in the mix to improve cross-border transactions. Real-time payments, of...
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand. In the “Disbursements Satisfaction Report 2023: Instant Payouts Reach an Inflection Point” report, PYMNTS provides...
Sila has introduced a product that offers customers real-time access to ACH debits made to its platform. The new Instant Settlement offering eliminates the need for companies to rely on their own capital or endure the delays of traditional ACH debits, the FinTech company said in a Thursday...
Pet medical insurance provider Trupanion says its vet portal can now process a member’s invoice at a hospital in five seconds. This fast, automated invoice processing enables direct payments to veterinary hospitals at the time of checkout, Trupanion said in a Wednesday (Aug. 9) press release. “By...
