Real-time Payments

August, 2024

• 15 August

  FIS’ New P2P Payments Service and other Digital Transactions News briefs from 8/15/24

  

  FIS Inc. said it will make a peer-to-peer payment service from Neural Payments available to its banking customers. The white-label product enables bank customers to transfer money from their accounts to anyone, regardless of weather the recipient’s financial institution uses Neural Payments and without the need to download a third-party app …
• 13 August

  X9 To Develop New QR Code Payments Standard  and other Digital Transactions News briefs from 8/13/24

  

  The Accredited Standards Committee X9 Inc. has begun work on a new QR code payments standard. The goal is to establish the content of a QR code for payments, emphasize interoperability, and include both merchant-presented and consumer-presented QR codes. X9 said the standard is needed to accelerate the adoption of instant payments. Block …
• 6 August

  How FIS Is Banking on Bank Sales Post Worldpay

  

  FIS Inc. isn’t quite the factor in merchant processing it once was, but the big Jacksonville, Fla.-based processor remains a significant factor in digital payments, specifically for banks, its top management was at pains to stress early Tuesday as the company reported its second-quarter results. “We’re very pleased with our …
• 6 August

  Walgreens Adds Instacart Online SNAP and other Digital Transactions News briefs from 8/6/24

  

  Drug store chain Walgreens announced it is enabling online SNAP/EBT payment acceptance via Instacart nationwide at more than 7,500 Walgreens stores, including more than 100 Duane Reade stores in New York. Most Walgreens locations already accept SNAP/EBT payments in store. Walgreens also added DoorDash Inc.’s SNAP/EBT acceptance earlier this year. In related news, Instacart also announced …

July, 2024

• 29 July

  Real Time for Wallets and other Digital Transactions News briefs from 7/29/24

  

  AppBrilliance said it is extending real-time payments to funding of closed-loop digital wallets via a recent rule change by The Clearing House Payments Co. The move will allow providers such as Starbucks, Dunkin’, and Chick-fil-A to use real-time rails for their proprietary wallets, the company says. ZeroTier, which provides connectivity between …
• 24 July

  Fiserv Racks up Growth Via Strength in Merchant Services

  

  Fiserv Inc.’s top brass early Wednesday celebrated a second quarter in which adjusted revenue jumped 7% and adjusted earnings per share grew 18%, but it was new programs and alliances—including one with Apple Inc.—that took center stage as the company presented its second-quarter results. Cash Flow Central, a banking alliance …
• 23 July

  Digital Payments Have Plenty of Room for U.S. Growth, a Marqeta Report Says

  

  Demand for digital-payment and embedded-finance technology is growing in the United States, especially among Gen Z and Millennials, says a report from payments platform Marqeta Inc. The demand is being driven largely by the lower adoption of contactless payments and mobile-banking apps in the U.S. compared to the United Kingdom …
• 23 July

  FedNow Financial Institutions Now Total More Than 900

  

  Of the now 900 financial institutions on the FedNow real-time payments network, 78% of them are community banks and credit unions, the Federal Reserve says. The 900 figure, found in updated data released on the FedNow Web site, comes as the instant payment service marks its first year of service. …
• 23 July

  Sound Payments Makes Equinox Integration and other Digital Transactions News briefs from 7/23/24

  

  Point-of-sale and payments software provider Sound Payments said it completed an integration with two Equinox Payments POS terminals in Sound’s Quantum Cloud platform. Blaze Solutions Inc., a provider of technology for cannabis sellers, has released new point-of-sale technology for that market, featuring a Web-based POS system and upgraded user interface. A startup …
• 19 July

  A Year on, FedNow Makes Gains Amid Rising Use And Awareness of Faster Payments

  

  July 20 marks the one-year anniversary of the debut of FedNow, the Federal Reserve’s real-time payment service. It also marks the anniversary of the payments industry letting its breath out in anticipation of the launch. Since then, both FedNow and its fellow faster payments providers have all benefited from the …