Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable, and long lasting, changes in consumer behavior have been spurred by the pandemic: The shift to contactless payments, and the...
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today following the FedNow® Service launch stems from the lack of full interoperability between the Federal...
Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two domestic instant payment rails in the U.S., the FedNow® Service and The Clearing House RTP® real-time payments platform, observers argue that...
Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync and interoperable. “The expectation with instant payments is that they are frictionless,” he said. “It’s all about the end user.”...
April 05, 2024
Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in wait. “Everybody feels like the scammers just have not caught up with instant payments just yet,” Sullivan said. As she noted, the RTP® Network, sponsored by The Clearing House, has been around […]
March 21, 2024
Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable, and long lasting, changes in...
March 11, 2024
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today...
February 08, 2024
Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync and interoperable. “The expectation with...
October 23, 2023
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 will add the FedNow® Service, The Clearing House’s RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s Vault Payments, a cloud-native and application programming interface (API)-enabled platform that simplifies payment processing for banks, the companies said […]
September 12, 2023
Account-to-account (A2A) platform Form3 says Visa is a believer in its anti-fraud efforts. To that end, the payments giant has invested in the British company to help support its expansion,...
July 27, 2023
Account-to-account payment platform Form3 says it is ready for FedNow. The company on Thursday (July 27) announced it was among the first in its industry to finish testing and certification for the Federal Reserve’s...
July 07, 2023
SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35 markets worldwide, will gain direct...
