The eternal debate in financial services technology boils down to build vs. buy, and whether to rip and replace core banking operations. Banks have invested a lot of time and money in those core systems — they have a lot of data there too — ...
It’s easy to generate buzz — harder to generate results. As PYMNTS continues to interview key executives about the first year of the FedNow® Service, it’s apparent that the Federal Reserve’s instant payments network has done both, and its customers are grateful. Eric Foust, vice...
Qatar Islamic Bank (QIB) has added a “request payment” feature to its instant payment service. The new feature, announced Monday (July 22), lets customers request a payment from a registered user on its Fawran — Arabic for “instantly” — service through the bank’s mobile app. “As part of QIB’s...
Brazil’s central bank has delayed the launch of a recurring payments feature that will be added to its Pix instant payment system. The feature, Automatic Pix, now has a launch date of June 16, the Banco Central do Brasil said in a Monday (July 22) note....
July 25, 2024
Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That explains why, now more than ever, consumers choose instant methods to receive insurance claim payments. What’s more use of instant payments has been on an upward trajectory for the last […]
July 23, 2024
The eternal debate in financial services technology boils down to build vs. buy, and whether to rip and replace core banking operations. Banks have invested a lot of time and...
July 23, 2024
It’s easy to generate buzz — harder to generate results. As PYMNTS continues to interview key executives about the first year of the FedNow® Service, it’s apparent that the Federal...
July 19, 2024
Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year in the marketplace on July...
July 22, 2024
Qatar Islamic Bank (QIB) has added a “request payment” feature to its instant payment service. The new feature, announced Monday (July 22), lets customers request a payment from a registered user on its Fawran — Arabic for “instantly” — service through the bank’s mobile app. “As part of QIB’s efforts to align with Qatar’s Third Financial Sector Strategy, the […]
July 22, 2024
Brazil’s central bank has delayed the launch of a recurring payments feature that will be added to its Pix instant payment system. The feature, Automatic Pix, now has a launch...
July 17, 2024
Banking software provider Matera has landed a $100 million investment from growth investor Warburg Pincus. The new funding, announced in a news release Wednesday (July 17), will help finance Matera’s...
July 14, 2024
OpenPayd says its clients can now make transactions via Pix, Brazil’s real-time payment network. The new offering, announced by the embedded finance infrastructure provider last week, comes as Brazil is...
