Real-time Payments

October, 2021

• 11 October

  The Clearing House, SWIFT, And EBA Clearing Partner to Speed Cross-Border Payments

  

  The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …

September, 2021

• 28 September

  39% Would Ditch Banks and other Digital Transactions News briefs from 9/28/21

  

  Thirty-nine percent of consumers would ditch traditional banking for peer-to-peer and social media app payments, found a survey of 1,000 U.S. consumers from GoCardless, which provides account-to-account payment services. Younger consumers are much more inclined than older consumers with 54% of Gen Z, the youngest, and 56% of Millennials, willing to …
• 16 September

  Dwolla Partners With Metromile to Enable Digital Insurance Claims Payments

  

  Seeking to improve the customer experience for insurance-claim payments, Metromile Enterprise Solutions LLC, an automated insurance-claims payments platform, is partnering with payment processor Dwolla Inc. to enable digital payments. With the Dwolla integration, insurance companies using Metromile’s Streamline platform can send claims payments in real time using The Clearing House …
• 15 September

  BNY Mellon Teams Up With Verizon And Citibank to Offer Real-Time Bill Payment

  

  Real-time bill payment took another large step forward Wednesday with BNY Mellon’s announcement it is partnering with Verizon Communications Inc. and Citibank to enable Verizon customers with Citibank accounts to pay their bills with near-instant effect.  The agreement connects BNY Mellon as the billing bank, Verizon as the biller, and …
• 9 September

  Eye On Faster Payments: Data Center Links Small Banks to RTP; One Inc. Recruits Mastercard

  

  The momentum behind real-time payments continues to build with announcements Thursday from Data Center Inc. (DCI), a software provider to community banks, and One Inc., a digital-payments processor for the insurance industry. Community banks using DCI’s banking software can now receive real-time payments through the RTP network, the faster-payments system from …
• 1 September

  Eye on ACH: Same-Day Transactions Soar; Certegy’s Mobile Remote Capture for Vendors

  Same-day transaction processing on the automated clearing house network will turn five years old this month, and while that may provide one reason for participants to celebrate, network governor Nacha issued another one Wednesday morning: both same-day transactions and same-day dollar volume are soaring. Transactions totaled 148.7 million in the …

August, 2021

• 23 August

  Delivery Delays Spawn 45% of Chargebacks and other Digital Transactions News briefs from 8/23/21

  

  Of 500 companies that process at least 500 online monthly transactions, 58% say their chargeback rates have gone up since March 2020, and of these, 45% say the biggest reason likely is delivery delays, according to a survey by fraud-prevention technology firm Kount, a unit of Equifax Inc.Payment processor EirthPay announced its launch. …
• 12 August

  COMMENTARY: The Application of AML Regulation Will Be Good for Crypto Exchanges

  

  When talking about crypto exchanges, it’s common to divide them into the big, stable, safe, reliable ones on the one hand, and the little, unknown, shady, and suspicious ones on the other. However, the Financial Conduct Authority (FCA), the UK’s financial regulator, seems not to have a very high opinion …
• 5 August

  In-Store Sales up 15.5% and other Digital Transactions News briefs from 8/5/21

  

  Mastercard Inc. said in its latest SpendingPulse report in-store shopping ballooned 15.5% in July over July 2020 and accounted for 81.9% of total retail sales, excluding automotive. E-commerce sales for the month were up 6.1% from last year, but up 77.7% from July 2019.Payments-technology provider ACI Worldwide Inc. announced an expanded agreement with …
• 4 August

  EVO Revenue up 30% and other Digital Transactions News briefs from 8/4/21

  

  Payments provider EVO Payments Inc. reported a 30% increase in revenue year-over-year to $122.2 million for the second quarter. For the first half of the year, revenue totaled $228.4 million, up 11%. The company processed 1.03 billion transactions for the quarter, up 35%.Feedzai Inc., an anti-fraud technology provider serving the payments industry, …