Real-time Payments

October, 2024

• 11 October

  Stripe Returns to Crypto Support; Alchemy Pay Adds Samsung Pay To Its Wallet Offerings

  

  Six years after dropping its support for cryptocurrency, Stripe Inc. is once again enabling its merchants to accept the digital money. As of Oct. 9, Stripe merchants can now accept USD Coin, a stablecoin that settles transactions in U.S. dollars. In the first 24 hours after launch, consumers from more …
• 10 October

  Facing Deadlines And Volume Demands, Mid-Size And Smaller Banks Are Adopting Real-Time Payments

  

  More than a year after the launch of real-time payments by the Federal Reserve, financial institutions of all sizes are adopting the service. Some mid-size and smaller institutions are also looking ahead to related issues, including the looming ISO20022 standard for financial messaging. The latest example emerged Thursday with an …
• 4 October

  Research Pins Down How Soon Real Time Payments Will be Routine

  

  With the Federal Reserve’s FedNow service having debuted in July last year and The Clearing House Payments Co.’s  RTP network in operation since 2017, just how soon can the U.S. payments industry expect widespread, routine exchange of real-time transactions? Answers to that question are beginning to emerge. According to a …
• 4 October

  Gift Cards To Comprise 48% of Holiday Gift Budgets and other Digital Transactions News briefs from 10/4/24

  

  A report from prepaid card platform Blackhawk Network indicates consumers will spend $760 on holiday-season gifting this year, flat with 2023, though they say they will spend 48% of their holiday budget through gift cards, up from 39% last year. The company surveyed 2,000 U.S. consumers in July. Pye, a hospitality point-of-sale …
• 3 October

  How Visa And Swift Are Plunging Deeper Into the World of Digital Currencies

  

  Payments companies may not yet be ready to embrace fully the world of blockchains, but some major payments networks are taking steps to deepen their experience in the world of digital currencies. Witness Visa Inc., which early Thursday said it will help banks issue tokens they create on a blockchain. …
• 2 October

  CellPoint’s PayU GPO Alliance and other Digital Transactions News briefs from 10/2/24

  

  CellPoint Digital, a payments-orchestration platform, announced an alliance with PayU GPO, a platform for alternative payment methods operating in more than 50 markets globally. In related news, payments-orchestration platform Transcard said it now supports payments globally through multiple currencies in an effort to smooth payments for financial companies operating worldwide. Duck Creek …

September, 2024

• 24 September

  AppBrilliance Teams With Wallet Factory to Bring Real Time Payments to Digital Wallets

  

  AppBrilliance Inc., a provider of real-time payments, has partnered with digital-wallet solutions provider Wallet Factory to enable real-time payments on Wallet Factory’s platform. Wallet Factory will use AppBrilliance’s Money API to enable payments on closed-loop digital wallets via The Clearing House’s RTP and the Federal Reserve’s FedNow networks. AppBrilliance launched …
• 24 September

  Mothership Opts for UnionPay and other Digital Transactions News briefs from 9/24/24

  

  Logistics provider Mothership Technologies Inc. announced it has adopted UnionPay as a payment option to ease international transactions. First Pacific Bank will adopt FedNow real-time payments through a connection to software provider Finastra’s Payments to Go platform. Relay Payments said it is extending its trucking and logistics payments network to Love’s Travel Stops. The …
• 20 September

  A Top Visa Official Outlines Four Big Trends Impacting Acquirers

  

  Acquirers and independent sales organizations wanting to improve their standing among merchants should take note of four trends affecting payments today, according to Bill Dobbins, head of acquiring and enablement at Visa Inc. Dobbins, speaking at the Western States Acquirers Association conference in Las Vegas this week, outlined why the …
• 17 September

  Alviere’s Loyalty Wallet and other Digital Transactions News briefs from 9/17/24

  

  Alviere, a platform for embedded payments, has launched its Loyalty Wallets product, which features pay-by-bank functionality. The wallets can be funded by ACH transfer or direct deposit. Bank3, a community bank in Tennessee and Mississippi, has chosen Tyfone Inc.’s Instant Payment Xchange technology, meant to facilitate real-time payments on the FedNow system. The …