Real-time Payments

April, 2022

• 26 April

  As Visa Contends With Inflation And the War for Ukraine, It Posts a ‘Very Strong’ Quarter

  

  A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …
• 26 April

  As Other Markets Advance, the U.S. Has Much Catching up To Do in Real Time Payments

  

  With the expected introduction by the Federal Reserve next year of a commercial real-time payments platform for the United States, total instant payments in the U.S. market will rise nearly five-fold, to 8.9 billion, by 2026. That’s up from 1.8 billion last year. The dollar volume on these transactions will …
• 21 April

  Famous Dave’s Picks Presto and other Digital Transactions News briefs from 4/21/22

  

  The Famous Dave’s chain of barbeque restaurants has chosen Presto as its exclusive provider of pay-at-table technology. The chain, which operates more than 150 locations, is a unit of BBQ Holdings Inc.Payments provider Fortis announced an integration with the Oracle Payment Interface for its hospitality and retail segments. The integration is expected to ease …
• 5 April

  TouchBistro Adds Marketing Component and other Digital Transactions News briefs from 4/5/22

  

  Payments provider TouchBistro launched TouchBistro Marketing, aimed at helping restaurants connect and market to customers via custom marketing campaigns. The new system links to TouchBistro’s restaurant-management platform.Innovative Payment Solutions Inc. announced the second phase of its IPSIPay App with approval from Visa Inc. for use of Visa debit cards within the app.PayPal Holdings …
• 1 April

  Most—79%—of Cybersecurity Pros Claim Ransomware Attacks in Past Year and other Digital Transactions News briefs from 4/1/22

  

  Some 79% of cybersecurity professionals globally said their organizations had been hit by ransomware within the last 12 months, according to a survey of 620 respondents conducted by Enterprise Strategy Group and commissioned by OwnBackup, a data protection platform.Payments provider Repay Holdings Corp. announced an integration with Flex, a provider of core system …

March, 2022

• 29 March

  Payfare Lines up Visa Direct and other Digital Transactions News briefs from 3/29/22

  

  Payments provider Payfare Inc. announced it is adding Visa Direct to its platform to enable real-time payouts to gig workers.Cloud-based payments provider Volante Technologies said it is working with the consulting firm KPMG to offer banks cloud technology for real-time payments, along with an advisory service.Mastercard Inc. is working in the United Kingdom with Temenos, …
• 9 March

  Consumer Spending up 8.7% in February and other Digital Transactions News briefs from 3/9/22

  

  Consumer spending in the United States, in terms of February retail sales excluding auto, was up 8.7% over February 2021 and 17.3% over February 2019, according to Mastercard Inc.’s SpendingPulse report, which monitors in-store and online retail sales.President Joe Biden signed an executive order requiring federal agencies to work out a common …
• 2 March

  Volante Unites Real-Time Payments Services and other Digital Transactions News briefs from 3/2/22

  

  Volante Technologies Inc., a cloud payments and financial messaging provider, said it will offer U.S. financial institutions a unified real-time payments service that offers access to The Clearing House’s RTP network and the upcoming FedNow service, which is expected to launch in 2023. Volante has been in the FedNow pilot program since 2021.Facepay …

February, 2022

• 3 February

  Faster Payments And B2B Propel a Big Year for the ACH As Dollar Volume Tops $72 Trillion

  The pandemic has “fast-tracked” adoption of the automated clearing house network for business-to-business payments, while transactions cleared and settled through the network on the same day they’re initiated are booming, according to full-year 2021 numbers released Thursday by Nacha, the governing body for the nationwide network. The annual results complement …

January, 2022

• 31 January

  85% Cite Real-Time Payments as Critical and other Digital Transactions News briefs from 1/31/22

  

  A survey of 260 corporate executives found that 85% said the availability of real-time payments is the most important factor when choosing a bank partner, said Citizens Financial Group Inc.Mozper, a contactless card intended to help educate children on responsible payments, launched in Brazil on the Visa Inc. network.A mobile-commerce startup …