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.

Affinity Plus CU Launches Real-Time Payments Service
Affinity Plus CU Launches Real-Time Payments Service
August 22, 2024  |  Real-Time Payments

Affinity Plus Credit Union has unveiled a new real-time payments service for its members, giving them instant access to their funds. Through the FedNow® Service...

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Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
August 21, 2024  |  Faster Payments

The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems....

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Swiss National Bank and SIX Launch New Instant Payments Solution
Swiss National Bank and SIX Launch New Instant Payments Solution
August 21, 2024  |  Faster Payments

The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process...

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Data Shows 93% of Truckers Would Use Instant Payments if Offered
Data Shows 93% of Truckers Would Use Instant Payments if Offered
August 19, 2024  |  Real-Time Payments

The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses...

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4 in 10 Independent Restaurants Use Real-Time Payments
4 in 10 Independent Restaurants Use Real-Time Payments
August 15, 2024  |  Real-Time Payments

The restaurant industry faces financial strain due to inflation and economic downturns, with sales growth projections for 2024 cut to 3.8% from earlier estimates. As...

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Use Cases Beyond Claims Moves Insurance Industry to Instant Payments
Use Cases Beyond Claims Moves Insurance Industry to Instant Payments
August 14, 2024  |  Real-Time Payments

Supply and demand is the eternal balancing act in economics, and in payments, too. Drew Edwards, CEO of Ingo Payments, noted to Karen Webster that...

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Citi: Faster Payments Help Treasurers Extract ‘Last Drop’ of Liquidity From Financial Ecosystems
Citi: Faster Payments Help Treasurers Extract ‘Last Drop’ of Liquidity From Financial Ecosystems
August 13, 2024  |  Faster Payments

Corporate treasurers once were relegated to the back office, manipulating spreadsheets, preparing audits, handing printed reports off to more senior management — the folks charting...

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Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
August 07, 2024  |  Fraud Prevention

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan...

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Galileo Says Wire Transfers Go Big and Go Digital With New APIs
Galileo Says Wire Transfers Go Big and Go Digital With New APIs
August 07, 2024  |  Faster Payments

If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant...

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