Real-time Payments

May, 2023

• 19 May

  Eye on Bitcoin: Marathon, Brink Partner To Raise Money for Bitcoin Developers; Jack Dorsey Invests in Azteco

  

  Marathon Digital Holdings Inc., a digital-asset company that supports the Bitcoin ecosystem, is teaming up with Brink Technology to raise $1 million to support Bitcoin Core developers that maintain the Bitcoin protocol. Brink Technology works to strengthen the Bitcoin protocol and network. The Bitcoin protocol enables Bitcoin to function as …
• 16 May

  ACI Completes FedNow Certification And Other Digital Transactions News briefs from 5/16/23

  

  Payments provider ACI Worldwide Inc. said it has completed testing and certification necessary to participate in the Federal Reserve’s FedNow real-time payment service, set to launch in July. Identity-verification specialist Veriff said it will provide its services through processor MassPay’s payments-orchestration platform. Warning of more fraud as peer-to-peer and real-time payments gain volume, technology firm ComplyAdvantage launched Fraud Detection, which …
• 15 May

  As FedNow Gears up for Launch, Processors Ready Smaller Clients

  

  Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …
• 9 May

  Real-Time Comes to Real Estate As EMTransfer And KeyBank Enable Payments Via TCH’s RTP Network

  

  EMTransfer LLC, a real-estate cash-management platform provider, has teamed up with KeyBank to bring real-time payments to the real-estate industry through The Clearing House Payments Co.’s RTP network. Using application programming interfaces from KeyBank, EMTransfer can connect parties involved in the real-estate closing process, such as title insurance and escrow …
• 3 May

  Deluxe and Echo Form DPX Payments And Other Digital Transactions News briefs from 5/3/23

  

  Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …

April, 2023

• 27 April

  ‘We’re Well-Positioned’ for FedNow, Says Mastercard’s CEO

  

  The impending arrival of a commercial real-time payments service from no less an entity than the Federal Reserve will be a major event, but one Mastercard Inc.’s top brass says the card company will take in stride. “We’ll have to wait and see how it plays out, we’re well-positioned,” Michael …
• 26 April

  Dwolla Expands Partner Ecosystem 45% in Q1

  

  Citing increased demand for low-cost account-to-account payment solutions, digital-payments fintech Dwolla Inc. announced it grew its partner ecosystem 45% during the first quarter of 2023, bringing the total number of partners to 40. Among the companies to partner with Des Moines, Iowa-based Dwolla is financial data aggregator Flinks, a Montreal-based …
• 26 April

  As FedNow Gears up for Its July Launch, Specific Applications Beckon, Including Payroll

  

  The official launch of FedNow as a commercial service is set for July, but already the nation’s banking regulator, along with observers, have seen a pattern in where initial participants have been using the real-time payments service. “We’re starting to see more activity around business-to-consumer [payments], related to payroll front …
• 25 April

  Ingenico Releases App Tool And Other Digital Transactions News briefs from 4/25/23

  

  Payments-technology provider Ingenico launched its AXIUM Payment Experience, dubbed APEX, an app intended to make it easier for businesses to craft payments apps. U.S. payments provider InComm Payments introduced a new unit, InComm Payments Brazil Technology Ltda., to expand the company’s operations in Brazil. Embedded-finance specialist Maast launched a set of new technologies aimed at making …
• 24 April

  The ACH And Debit Top the Growth Charts, According to the Latest Fed Study

  

  Payments analysts looking for where the growth is can find it in the automated clearing house network and in debit cards. With respect to transaction volume, no U.S. payment system grew faster over the three years from 2018 to 2021 than the ACH, which posted a compound annual growth rate …