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 payments, where we are and where we’re headed with the FedNow® Service now a year old. But as Galileo Financial...
Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. The So-Fi-owned company announced the new offering Tuesday (July 9), saying it provides FinTechs with another option for fast and secure money movement. Through its wire transfer API, Galileo connects FinTechs working with Community Federal Savings Bank to Fedwire,...
The Fedwire service continues to gain adherents and promises to transform payments. And as ISO 20022, the data-rich messaging standard, moves through a staggered implementation schedule across the global stage, Laura Sullivan, senior product manager at Form3, said Fedwire is poised for its own transformation....
As real-time payments schemes take root around the world, financial institutions must grapple with new operational and technical challenges. Dave Scola, U.S. CEO for Form3, told PYMNTS that the issues are now front and center — and payments as a service can help alleviate pain points....
August 21, 2024
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain ground, the Fed’s 2023 missive detailed progress and positive returns on Fedwire, which previously was in the red, and gave a cumulative cost breakdown of […]
August 07, 2024
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 payments, where we are and...
November 07, 2023
The Fedwire service continues to gain adherents and promises to transform payments. And as ISO 20022, the data-rich messaging standard, moves through a staggered implementation schedule across the global stage,...
April 14, 2023
As real-time payments schemes take root around the world, financial institutions must grapple with new operational and technical challenges. Dave Scola, U.S. CEO for Form3, told PYMNTS that the issues are...
July 09, 2024
Galileo Financial Technologies has begun offering wire transfer capabilities to FinTechs. The So-Fi-owned company announced the new offering Tuesday (July 9), saying it provides FinTechs with another option for fast and secure money movement. Through its wire transfer API, Galileo connects FinTechs working with Community Federal Savings Bank to Fedwire, which processed more than 193 million wire transfers last year. […]
