Real-time Payments

April, 2023

• 20 April

  Cards in a Real-Time Payments World

  

  As a new phase of real-time payments in the United States draws near, don’t expect payment cards to go away any time soon. That’s the consensus from several speakers at the Smarter Faster Payments 2023 conference sponsored by Nacha this week in Las Vegas. Each time a new payment rail …
• 19 April

  The FedNow Real Time Payments Marathon Is About to Begin

  

  If The Clearing House Payments Co. LLC’s experience with the formation and setup of its Real Time Payments network more than five years ago is any indication, the upcoming FedNow service may want to prepare for a marathon. That’s the advice from Keith Gray, TCH vice president of sales and …
• 18 April

  ACI Bundles Fraud Services Under a Real-Time Payments Cloud Brand

  

  As real-time payments gain more traction in the United States, ACI Worldwide Inc. is making fraud-protection services that cater to these methods available under the Real-Time Payments Cloud moniker. Announced Tuesday and working with Microsoft Corp.’s cloud service Azure, ACI’s Real-Time Payments Cloud supports the Real Time Payments network from …
• 17 April

  Early Warning Reports Double-Digit Volume Growth in the First Quarter

  

  Early Warning Services LLC Monday morning issued a report from its chief executive reporting significant first-quarter growth for the company’s Zelle peer-to-peer payments network and underscoring efforts by EWS, owned by seven of the nation’s biggest banks, to combat fraud and scams. Though the report, signed by four-year CEO Al …
• 17 April

  NCR Investigates a Ransomware Attack And Other Digital Transactions News briefs from 4/17/23

  

  NCR Corp. said it is investigating a ransomware incident affecting one of its data centers and its Aloha cloud-based services for the hospitality industry. Its ATM, digital banking, payments and other retail services are not impacted. Huntington National Bank said it has extended Huntington ChoicePay to payments in higher education and business services. …
• 14 April

  Affirm Extends Stripe Agreement to Canada And Other Digital Transactions News briefs from 4/14/23

  

  Buy now, pay later provider Affirm Inc. said it is extending to Canada its processing agreement with payments platform Stripe Inc. Payments fintech Alacriti said it will provide identity verification for real-time payments through fraud-solutions provider Socure. Payments-technology provider Central Payments renewed an agreement with Galileo Financial Technologies LLC to process for Central’s Open*CP Fintech API …
• 13 April

  Eye On Real-Time Payments: Go-Live-Faster Enables a 90-day Integration; SouthState Bank Joins FedNow

  

  With real-time payments quickly becoming a reality for the U.S. payments market, smaller financial institutions are scrambling to adopt the necessary technology. That in turn is creating opportunities for a wide range of technology companies. The fintech Go-Live Faster says it will launch what it bills as a solution that …
• 13 April

  As P2P Transfers Rise Via Apps, Visa Responds With an Interoperability Play

  

  The payments industry continues to reckon with the myriad ways the pandemic has permanently reshaped how people pay businesses and other people. One key example is how individuals are paying each other compared to just a couple of years ago, and how payment networks are responding. In just the two …
• 13 April

  Data Breaches Drop 13% And Other Digital Transactions News briefs from 4/13/23

  

  The number of reported data compromises totaled 445 in the first quarter, a 13% decrease from the previous quarter, according to the latest report from the Identity Theft Resource Center. The number of victims decreased 64% in the same period. Health care breaches, at 81, led the quarter followed by financial services …
• 12 April

  How Fiserv Clients Are Gearing up to Pilot FedNow

  

  Fiserv Inc. announced Wednesday that Salem Five, a Salem, Mass.-based mutual savings bank, is piloting FedNow, the Federal Reserve System’s real-time payments network, which is expected to launch in July. In addition to Salem Five, nearly 20 financial institutions, including Peoples Bank and Mediaoplis, Iowa-based Mediapolis Savings Bank, have signed …