Real-time Payments

June, 2021

• 3 June

  FICO Attacks Push-Payment Fraud With the Latest Version of Its Falcon Fraud Manager

  

  With the Covid-19 pandemic prompting consumers to adopt online commerce and mobile-banking apps in droves, Fair Isaac Corp. (FICO) is betting the latest release of its FICO Falcon Fraud Manager for Retail Banking will give financial institutions a leg up on detecting push-payment fraud. The fraud occurs when a consumer …
• 1 June

  Deluxe Closes on First American Payment Deal and other Digital Transactions News briefs from 6/1/21

  

  Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …

May, 2021

• 27 May

  COMMENTARY: Money Transfers: A Lifeline for Families Impacted by the Pandemic

  

  At the height of the pandemic last spring, the World Bank projected that 2020 remittances to low- and middle-income countries would decline by 20% year-over-year—nearly $445 billion—because of lower wages and growing unemployment among migrant workers. And in the process, there would be yet another casualty of Covid-19 as the …
• 25 May

  How Insurers Have Proven To Be a Big Growth Market for Digital Payouts

  

  The advent of real-time payments, account-to-account transfers, and card-based disbursements is making it easier for consumers to receive claims funds much quick than waiting for a paper check. State Farm Insurance Cos. is one of the latest providers with its release earlier this month of Digital Pay, a service provided …
• 18 May

  How Low-Code Integrations Help Dwolla Link to Businesses With Limited Programming Expertise

  

  Building on its strategy to enable application developers to connect to its platform faster, and in turn bring their applications to market faster, Dwolla Inc. is offering what it calls Drop-in Components. It’s a low-code programming option, so called because it allows developers to integrate Dwolla’s application programming interface using …
• 12 May

  MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21

  

  MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …
• 4 May

  TCH’s Plan to Ease RTP Fees and other Digital Transactions News briefs from 5/4/21

  

  The Clearing House Payments Co. LLC announced three processors—Fiserv Inc., FIS Inc., and Jack Henry & Associates—will offer its real-time payment service to minority-owned depository institutions. The processors and TCH will jointly cover the onboarding fees for these financial institutions connecting to TCH’s RTP network.Datacap Systems Inc. said it will offer the digital …

April, 2021

• 29 April

  FIS Unveils RealNet, a Network-of-Networks Approach to Real Time Payments

  

  The real-time payments movement continues to build momentum in the United States with FIS Inc.’s announcement Wednesday of RealNet, a cloud-based, software-as-a-service platform that enables businesses, consumers, and governments to initiate account-to-account transactions. RealNet, which FIS describes as a network of networks, will leverage The Clearing House Payment Co. LLC’s …
• 28 April

  FIS RealNet Debuts and other Digital Transactions News briefs from 4/28/21

  

  FIS Inc. debuted FIS RealNet, a software-as-a-service platform that enables account-to-account transactions for businesses, consumers, and governments over real-time payment networks. Available now in the United States, the service will be available in the United Kingdom and Europe, with other markets to follow.Visa Inc. said it is extending fast-payout service Visa Direct …
• 27 April

  Mazooma Adds Real-Time Payouts and other Digital Transactions News briefs from 4/27/21

  

  Payment-technology provider for sports betting Mazooma said it now offers real-time payouts to bank accounts for the sports wagering and gaming industries because of a partnership with Fifth Third Bank N.A. The bank provides access to the RTP network from The Clearing House Payments Co. LLC. Processor Nuvei Corp. announced earlier this month its …