Real-time Payments

February, 2025

• 10 February

  BNY Sends the Largest Payment So Far Over the 8-Year-Old RTP Network

  

  BNY, formerly the Bank of New York Mellon Corp., early on Monday completed a $10 million transaction over the RTP Network, a record payment for the instant-payments system, which launched in 2017. The transaction, an inter-company liquidity-management payment from BNY client Computershare to an account at another financial institution, is …
• 6 February

  Another Step for Pay by Bank and other Digital Transactions News briefs from 2/6/25

  

  Trustly, an open-banking specialist, will work with payments specialist Spreedly to offer pay-by-bank services to merchants. ACI Worldwide Inc. will work with Banfico, a provider of technology for open banking and regulatory compliance, to help banks and payment service providers in Europe comply with confirmation of payee and verification of payee …
• 5 February

  Fiserv Gets Set for a New CEO As Bisignano Trumpets a Strong Quarter

  

  President Donald Trump may have tapped Frank Bisignano to run the Social Security Administration, but for the time being he remains very much in charge of the big processor Fiserv Inc. Early on Wednesday, he reported a robust 2024 in which the company recorded 16% growth in organic revenue—growth apart …
• 4 February

  FIS Enables FedNow Send Capability and other Digital Transactions News briefs from 2/4/25

  

  FIS Inc. said it is one of the first fintechs certified to offer send capability on credit transfers through the FedNow real-time payments network, operated by the Federal Reserve. The company is offering the new service to bank clients for use by both consumers and commercial clients. Hospitality point-of-sale services specialist Olo said …
• 3 February

  RTP Passes 1 Billion Mark and other Digital Transactions News briefs from 2/3/25

  

  The Clearing House Payments Co.’s Real Time Payments Network said it passed 1 billion cumulative payments on Friday. The network, operated by TCH since 2017, also set single-day records Friday for number of payments, at 1,592,419, and value, at $1.44 billion. New York City-based TCH is owned by 20 large commercial banks. President Donald …

January, 2025

• 31 January

  Bluefin’s P2PE Offering and other Digital Transactions News briefs from 1/31/25

  

  Bluefin said it will offer point-to-point encryption capability for the event-management platforms Event Guru and Registration Guru. AstroPay, a Brazil-based cross-border payments fintech, said it has been granted a payment-institution license by the Central Bank of Brazil. Magwitch, a lending-as-a-service platform, has integrated real-time point-of-sale lending technology from U.S. Bank Avvance. …
• 30 January

  Full Send-And-Receive Capabilities Are Key to Growing Real Time Payments, a Report Argues

  

  Despite many financial institutions lagging behind when it comes to the adoption of full send-and-receive capabilities for real-time payments, that trend is expected to reverse itself starting in 2025, says a report from Q2 Holdings Inc., a provider of digital-banking solutions. As more financial institutions add full send/receive capabilities for …
• 30 January

  Same-Day ACH’s Bloom and other Digital Transactions News briefs from 1/30/25

  

  Same-day ACH payment volume topped 1.2 billion payments in 2024, said Nacha, the automated clearing house rule maker, and was valued at $3.2 trillion. Nacha said same-day ACH volume increased 45.3% from 2023 to 2024. Overall, ACH Network payment volume rose 6.7% from 2023 to 2024, to 33.6 billion payments in …
• 28 January

  Codego Launches Gateway Software While KuCoin Looks to Recover From Its Legal Woes

  

  The fintech Codego Ltd. has launched its Cryptogateway software, which enables merchants in 33 countries to accept cross-border in-person and e-commerce transactions in cryptocurrency and receive the funds in fiat money in an IBAN account. IBAN accounts are typically used to hold funds arising from cross-border transactions. The new service, which works …
• 20 January

  Debit Cards, Real-Time Payments Favored by Online Sports Bettors, Paysafe Finds; Nuvei’s New U.K. Gaming Platform

  

  Debit cards remain the preferred payment for online sports bettors, with 42% of bettors saying they use debit cards to fund their accounts, according to Paysafe Ltd.’s annual All the Ways Players Pay report. It is the third consecutive year debit ranked as bettor’s preferred payment method. Digital wallets were …