PYMNTS-MonitorEdge-May-2024

real time payments

Real time payments – also known as realtime payments, instant payments or immediate payments as electronic retail payment solutions that are available 24/7/365.

Two Tiers of Payments Innovation Will Shape Industry’s Future
Two Tiers of Payments Innovation Will Shape Industry’s Future
October 24, 2023  |  Payments Innovation

The innovations shaping the payments industry are moving in real time. And increasingly so, too, is money itself. “What we’re seeing from a product perspective...

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Silicon Valley Bank Rolls Out Enhanced Digital Banking Platform
Silicon Valley Bank Rolls Out Enhanced Digital Banking Platform
October 23, 2023  |  Digital Banking

Silicon Valley Bank (SVB), a division of First Citizens Bank, has unveiled a range of new and updated products and services. Since its acquisition by First Citizens,...

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Thought Machine and Form3 Partner on Real-Time Payment Processing 
Thought Machine and Form3 Partner on Real-Time Payment Processing 
October 23, 2023  |  Real-Time Payments

Cloud-native banking technology company Thought Machine has partnered with cloud-native account-to-account (A2A) platform Form3 to offer banks and financial institutions an end-to-end solution for real-time payment processing.  This collaboration...

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US Retailers Drive Instant Payment Adoption
US Retailers Drive Instant Payment Adoption
October 23, 2023  |  Faster Payments

Real-time payments has had a significant impact on the retail industry in the last few years, with the recent launch of FedNow® Service likely to...

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Instant Payments Force Banks to Examine Limitations of ‘Creaky’ Legacy Systems
Instant Payments Force Banks to Examine Limitations of ‘Creaky’ Legacy Systems
October 23, 2023  |  Real-Time Payments

The July launch of the FedNow® Service — and the fact that The Clearing House’s RTP® network has been operational for six years — underscores...

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RoadSync CEO Says Paper Checks Taking a Back Seat When Drivers Get Paid
RoadSync CEO Says Paper Checks Taking a Back Seat When Drivers Get Paid
October 23, 2023  |  B2B Payments

It’s hard to name a more vital component of the economy than the logistics industry. However, it’s just as hard to name a more challenging...

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Mixed Manufacturing Data Underscores Need for Better AP Practices and Real-Time Payments
Mixed Manufacturing Data Underscores Need for Better AP Practices and Real-Time Payments
October 20, 2023  |  B2B Payments

Manufacturing is about as labor- and material-intensive a sector as might be seen, in any economy. The sheer volume of raw materials, machinery, plant and...

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Galileo Aims to Combat Fraud With Payment Risk Platform
Galileo Aims to Combat Fraud With Payment Risk Platform
October 19, 2023  |  Security & Fraud

Galileo Financial Technologies has unveiled its Payment Risk Platform to help combat fraud. The tool, announced Thursday (Oct. 19), is a “holistic fraud engine” offering real-time payment...

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International Credit Union Day Spotlights Member-First Innovation
International Credit Union Day Spotlights Member-First Innovation
October 19, 2023  |  Credit Unions

In 1948, International Credit Union Day was created to celebrate credit unions around the world.  Since then, the third Thursday of every October has been dedicated to...

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