Real-time Payments

April, 2021

• 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 …
• 2 February

  Jared Isaacman To Don a Spacesuit and other Digital Transactions News briefs from 2/2/21

  

  Jared Isaacman, founder and chief executive of Shift4 Payments Inc. and an experienced pilot, will command Inspiration4, the world’s first civilian space flight, scheduled for the fourth quarter and mounted in collaboration with SpaceX. Isaacman is also donating $100 million to St. Jude Children’s Research Hospital, which will have two …
• 1 February

  Digital Payments And Phishing Attacks Influence Bankers’ Priorities for 2021, CSI Says

  

  Investing in digital account opening, mobile-banking applications, and customer-relationship applications are among bankers’ priorities for digital services in 2021, says a report from Computer Services Inc., a provider of cloud-based financial-services technology. Enabling consumers to open accounts digitally, even after the Covid-19 pandemic subsides, was cited as a top priority …