Real-time Payments

April, 2021

• 15 April

  Nacha Records Booming Same-Day Results As the ACH Confronts Pandemic Concerns

  Faster-payment volume soared 88% on the nation’s automated clearing house network in the year’s first quarter compared to the same period in 2020, Nacha reported Thursday. Transactions processed the same day they were initiated totaled 141.1 million, compared to 75 million in last year’s March quarter, the last period before …
• 8 April

  Adyen Adds Afterpay Option and other Digital Transactions News briefs from 4/8/21

  

  Payments provider Adyen NV said it is offering the buy now, pay later service from Afterpay Ltd. to its merchants in the United Kingdom, the United States, Canada, Australia, and New Zealand.PayMaple LLC, a payments-technology provider specializing in automobile dealerships, said it has joined a partner program from CDK Global Inc., a …
• 6 April

  Brinks Acquires PAI and other Digital Transactions News briefs from 4/6/21

  

  The Brink’s Co. announced it has acquired ATM owner and services provider PAI Inc. for $213 million. PAI’s network links 100,000 machines.Banking-technology provider Jack Henry & Associates Inc. announced more than 115 financial institutions are now live on its real-time payments hub, JHA PayCenter. The hub connects to The Clearing House Payments Co.’s Real Time …
• 6 April

  Dwolla Debuts an API That Can Connect Fintechs to The Clearing House’s RTP Platform

  

  As part of its strategy to enable faster electronic payments, Dwolla Inc. on Tuesday released an application programming interface to enable real-time payments through The Clearing House Payments Co.’s RTP network. Fort Lee, New Jersey-based Cross River Bank Inc. will provide the processing link to the RTP network. Development of …

March, 2021

• 30 March

  Visa Moves ‘Beyond the Card’ With an Expansion of Visa Direct to Bank Accounts

  

  As payments providers ramp up fast-payment capabilities that don’t depend on existing card-payment rails, pressure has mounted on the dominant U.S. card networks to enable quick transfers from senders to accounts held by receivers worldwide. Visa Inc. on Tuesday, for example, announced Visa Direct Payouts, which allows users to send …

February, 2021

• 25 February

  Zelle Gets Access to TCH’s Real Time Payments Network As an Integration Goes Live

  

  Peer-to-peer transactions have taken off as a way to pay digitally during the pandemic, and now the biggest bank-owned P2P network is getting a big lift through its integration with the country’s most extensive real-time payments network. Early Warning Services LLC announced early Thursday payments on its fast-growing Zelle P2P payments …
• 18 February

  Wirex Preps for U.S. Debut and other Digital Transactions News briefs from 2/18/21

  

  To support a cryptocurrency-payments launch set for April in the United States, London-based digital-payments platform Wirex has linked to crypto-trading firm Zero Hash. Harold Montgomery, former chief executive of independent sales organization Calpian Inc., is managing director for Wirex USA Inc.Parking-app provider ParkMobile LLC said its latest municipal agreement allows its app to be …
• 9 February

  Fiserv Looks to Units Like Clover And Carat to Help Bend Its Growth Trajectory Upward

  Like many of its rivals, Fiserv Inc. is looking for ways to prosper as hope begins to rise for a recovery from the Covid-19 pandemic that has ravaged much of the world. Tuesday afternoon, the Brookfield, Wis.-based payments provider revealed a promising report card for its fourth-quarter performance, with high-flying …
• 3 February

  FedNow To Launch in 2023 and other Digital Transactions News briefs from 2/3/21

  

  The FedNow real-time payment service will launch commercially in 2023, the Federal Reserve said, narrowing the launch date from the 2023-24 timing it has projected since announcing the project in 2019.Fuel retailer Valero Energy Corp. said it is working with payments-technology provider P97 Networks to launch a mobile app that allows users to activate …
• 2 February

  In Covid’s Wake, Consumers—And Now Businesses—Are Lining up for P2P Payments

  

  Much attention in the payments industry has focused on how the coronavirus pandemic has boosted contactless technology in stores, but it’s also leading more consumers and now businesses to adopt peer-to-peer payments networks, as well. After initial success with consumers, banks are starting to adapt P2P systems especially for small …