Real-time Payments

January, 2025

• 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 …
• 15 January

  Is 2025 Going to Be the Year of the Stablecoin?

  

  As 2025 begins to unfold, some experts and network providers are beginning to think the year could see a breakthrough for stablecoins, the digital currency generated by a blockchain but with a value tied to a national currency, such as the dollar. That link allows users to deploy digital dollars, …
• 14 January

  Guidelines Emerge for Adding Send Capabilities for Instant Payments

  

  The U.S Faster Payments Council has released fresh guidelines to help financial institutions add send capabilities to their instant-payments functions, a component just as critical as the ability to receive fast transfers. Among the pieces of the “Guideline.02: Operational Considerations for Instant Payments Send-Side Primer” are items explaining the instant-payment …
• 8 January

  Seven Years in, the Big Banks’ Real Time Network Nears a Million Transactions a Day

  

  Consumers and businesses are embracing instant payments at a fast clip, even as volume growth makes double-digit increases harder to maintain. And while businesses account for a large portion of dollar volume, most of those blink-of-an-eye transactions involve consumers, says The Clearing House Payments Co., which early Wednesday released the …
• 3 January

  The IRS Rings in 2025 With New Reporting Requirements for P2P Networks

  

  The Internal Revenue Service will begin requiring peer-to-peer payment apps in 2025 to issue 1099-K statements to self-employed workers who received more than $5,000 in payments through those apps in 2024. The new requirement, which is being implemented after a two-year delay, applies to such P2P apps as PayPal, Venmo, …
• 3 January

  The Payments Industry Works to Solve for X

  

  The payments industry is heading into the new year with a significant question mark hanging over its head: What does it mean that the massive social network X is apparently planning to launch a payments network? Little is known so far about the initiative. A New Year’s Eve post on …

December, 2024

• 23 December

  AI, Interchange, And Open Finance Are the Top Prospective 2025 Payments Trends

  

  The outlook for payments in 2025 will be rife with open finance, instant payments, multi-rail payments, interchange questions, and the increasing use of artificial intelligence, observers suggest. The top three payments trends next year will be open finance, instant payments adoption, and point-of-sale innovations, says Capgemini Research Institute in its …