Real-time payments have become table stakes for countries worldwide. Europe has more than half of the world’s real-time payment-enabled markets, with 20 nations now using the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme. Asia also has a substantial real-time payments presence, with 13...
Bank of America has launched a self-service tool for straight-through processing (STP) that accelerates payment file processing, thereby reducing delays and improving the client experience. The new CashPro Validator eliminates a common source of delays by enabling business clients to self-serve on validating payments and...
The EU has a lot to consider as it mandates banks to offer instant payments. First introduced in 2017, Single Euro Payments Area (SEPA) instant payments have been plagued by a slow rollout and low adoption by banks in the eurozone. To remedy this, the...
Nuvei and Holland Casino have extended their partnership to enable instant payouts to Dutch players. The Canadian FinTech company and the Netherlands-based iGaming operator said in a Wednesday (Dec. 14) press release that they will now provide instant payouts to Dutch players at Holland Casino...
The UAE’s Instant Payment Platform (IPP) will launch in the first quarter of 2023. The latest announcement on the IPP, which had initially been slated for an October launch, was made in a statement from the Central Bank of the United Arab Emirates (CBUAE) on...
If payments choice is a driver of consumer experiences, real-time payments aim to go further. This, according to findings in the new report, “Navigating Big Retail’s Digital Shift: The New Payments Strategy Evolution,” a PYMNTS and ACI Worldwide collaboration, which found that 65% of non-grocery retailers are...
An industry working group will encourage adoption of request for payment (RFP) functionality. Formed by the Federal Reserve ahead of the launch of the FedNow Service, which is to happen in mid-2023, the Request for Payment (RFP) Work Group: Customer Experience will establish voluntary principles...
Transcard has launched a solution that enables property managers to more quickly refund security deposits. The global payment solutions provider said in a Monday (Dec. 5) press release that its new Smart Disburse Multi-Party Payments also allows lessees to choose the method of payment. “As...
Instant payments are increasingly what move the needle for sports bettors. The global sports betting industry is widely projected to deliver outsized growth in the coming years as digital transformation serves as the industry’s primary accelerant and consumers spend more time on their phones and...
