Real-time Payments

July, 2024

• 9 July

  Cross River Pairs With MassPay to Bring Real Time Payments to a Broader Market

  

  Barely more than a year after the Federal Reserve launched its FedNow platform, banks and service providers are finding ways to bring real-time payment capability to niche businesses. The latest example emerged early Tuesday with an announcement that Cross River Bank, a technology-oriented financial institution, is working with payments platform …
• 3 July

  Coinbase Wins a Federal Contract to Store Digital Assets

  

  Cryptocurrency exchange and management provider Coinbase Inc. has won a $35.5-million contract to safeguard and trade digital assets on behalf of the U.S. Marshals Service. The Service, a unit of the U.S. Department of Justice, is responsible for asset forfeitures arising from federal legal cases, including cases that involve recovery …

June, 2024

• 25 June

  Nuvei Readies UAE Expansion and other Digital Transactions News briefs from 6/25/24

  

  The Canada-based processor Nuvei Corp. said it has received approval for a retail-services license from the central bank of the United Arab Emirates, laying the groundwork for an expansion into the UAE market. Fast-food chain Long John Silver’s said it is working with multiple technology vendors to update its digital and in-store ordering experience …
• 12 June

  Dash’s Visa Real-Time Deal and other Digital Transactions News briefs from 6/12/24

  

  Payments platform Dash Solutions has expanded an agreement with Visa Inc. to include a capability for Dash users to send real-time payments to cards, bank accounts, and mobile wallets using Visa Direct, Visa’s faster-payments platform. The payments fintech Bread Financial said its Comenity Capital Bank will issue Saks Fifth Avenue’s World Elite Mastercard and …
• 10 June

  Maverick’s Visa Integration and other Digital Transactions News briefs from 6/10/24

  

  Maverick Payments said it is working with Visa Inc. to offer direct acquiring capability on the Visa Acceptance Platform. The new connection, expected to go live in the third quarter, will let Maverick resellers and merchants gain access to a direct link to VisaNet. Google Inc. has discontinued GPay, or Google Pay, …
• 7 June

  35% Intend To Add Faster Payments and other Digital Transactions News briefs from 6/7/24

  

  The U.S. Faster Payments Council released its “Faster Payments and Financial Inclusion” survey report that found that 35% of respondents did not have a faster payments integration but planned to do so. The survey canvassed 88 organizations. Technology firm EvonSys Inc. launched its Evonsys Payments Platform for cross-border transfers. The new service integrates capabilities …
• 5 June

  CFPB Lays Out Open Banking Standard Steps and other Digital Transactions News briefs from 6/5/24

  

  The Consumer Financial Protection Bureau said it has settled on a process by which companies can comply with an upcoming personal financial data rights rule related to open banking. Cloud-based phone-service provider Ooma Inc. announced an integration with Square, the point-of-sale unit of Block Inc., to incorporate Square transaction data into business communications …
• 4 June

  FreedomPay Lands Big 5 and other Digital Transactions News briefs from 6/4/24

  

  FreedomPay Inc. said Big 5 Sporting Goods has signed with the company to process payments at its 424 stores throughout the U.S. market. Canada-based identity platform Trulioo said it will work with Mastercard to offer identity-verification services in onboarding both merchants and consumers to help prevent fraud. The Consumer Financial Protection Bureau finalized a rule …

May, 2024

• 28 May

  Eye on Real-Time Payments: BankSocial Debuts an RTP Service; Pidgin Enters a Correlation Collaboration

  

  More credit unions will have access to real-time payments networks in separate deals announced Tuesday. BankSocial, a division of Fivancial Inc., launched its real-time payment service for credit unions. Meanwhile, Pidgin Inc. is working with core processing provider Corelation Inc. to enable broader real-time payments access to its clients. Dallas-based …
• 28 May

  CredBuild’s Renters Reporting and other Digital Transactions News briefs from 5/28/24

  

  Fintech CredBuild said it is working with BloomCredit to enable renters to report rent payments to credit bureaus via property management systems. BloomCredit provides the API codes. PayIt, a specialist in government payments, said the Eastern Band of Cherokee Indians will use PayIt for a new digital fish-licensing system. Waystar Holding Corp., …