The eternal debate in financial services technology boils down to build vs. buy, and whether to rip and replace core banking operations. Banks have invested a lot of time and money in those core systems — they have a lot of data there too — ...
It’s easy to generate buzz — harder to generate results. As PYMNTS continues to interview key executives about the first year of the FedNow® Service, it’s apparent that the Federal Reserve’s instant payments network has done both, and its customers are grateful. Eric Foust, vice...
Brazil’s central bank has delayed the launch of a recurring payments feature that will be added to its Pix instant payment system. The feature, Automatic Pix, now has a launch date of June 16, the Banco Central do Brasil said in a Monday (July 22) note....
Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year in the marketplace on July 20. As of now, about 900 banks have signed on to the new federal payments...
OpenPayd says its clients can now make transactions via Pix, Brazil’s real-time payment network. The new offering, announced by the embedded finance infrastructure provider last week, comes as Brazil is emerging as the world’s most digitally engaged countries, thanks in part to the popularity of...
Real-time payments continue to advance globally. Banks, FinTechs, corporates and governments are all pursuing initiatives to accelerate payments for their citizens and customers. Real-Time Payments in the United States In the U.S., digital banking platform Ibanera has incorporated the Federal Reserve’s FedNow® Service to offer...
The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed the blueprint for the third phase of its Project Nexus, aimed at connecting the instant payment systems of several central...
Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better balance sheets and support healthy growth. And with the advent of instant payments, the first new domestic payments rail in...
If any U.S. consumers are wondering why their packages are late, the answer might be because there simply aren’t enough truck drivers manning 18-wheelers and delivering goods. According to the American Journal of Transportation (AJOT), right now there is a national shortage of truckers in...
