Wednesday , December 11, 2024

Real-time Payments

May, 2024

  • 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., …

  • 16 May

    Visa Revamps its Payments Approach

    Visa Inc. is taking up the notion of a digital payment identity and making it part of its product mix. Announced Wednesday at the Visa Payments Forum in San Francisco, the Visa Flexible Credential is but one of several products the payments network formally debuted, including broader tap-to-pay capabilities, a …

  • 13 May

    Just 38 Developers Take Apple’s Offer and other Digital Transactions News briefs from 5/13/24

    Just 38 app developers have so far applied to Apple Inc. to enable payment processors outside of Apple’s proprietary payment system, the iPhone maker said. That’s out of 65,000 developers that were eligible to apply, according to Bloomberg. The report follows legal action that required Apple to make the alternatives available for apps. Ohio-based …

  • 9 May

    Behind Open Banking’s Growing Appeal to Consumers, Merchants—And Card Networks

    Open banking has been attracting the attention of bankers, merchants, and card networks. It’s also drawing notice from regulators. The concept of making a payment through a direct transfer from a bank account can appeal to consumers because it’s fast and easy, and to merchants because the transaction is reportedly …

  • 8 May

    The Clearing House Gets Set to Broaden the Reach for Its Request for Payment Service

    The U.S. payments industry has celebrated the emergence in recent years of two major platforms for real-time payments, but what has insiders particularly excited is the potential for something called the request for payment, or the RFP, as they style it. “The RFP is the first real shift in how …

  • 7 May

    Consumers And Businesses Are Embracing Instant Payments, a Fed Study Says

    Consumers and businesses are embracing instant-payment options for such transactions as bill payment, mobile-wallet funding and defunding, account-to-account transfers, and immediate payroll for employees, the Federal Reserve says. A pair of studies surveying businesses and consumers about instant payments and the payments landscape, released late Monday by the Fed, reveals …

  • 6 May

    J.P. Morgan Payments Adds Real Time A2A Payments With the Addition of Visa Direct

    Real-time account-to-payment payments has received a big boost as J.P. Morgan Payments adds Visa Direct to its arsenal of payment options. The deal gives businesses using J.P. Morgan Payments’ platform an option to make payments, such as a rebate or refund, directly to a consumer’s debit card or bank account …

  • 3 May

    Shrugging off Volatility, Crypto Enthusiasts Hike First Quarter Spending by 20%

    When cryptocurrency prices rise, spending may dip, but only for a short time before users accelerate their purchases with Bitcoin and other digital coins, according to a report released Thursday by BitPay Inc., an Atlanta-based payments-service provider for crypto users and crypto-accepting merchants. The ”2024 BitPay Spending Report,” which covers …

  • 2 May

    Chase Adds a Pay-Per-Use Real-Time Payments Option for SMBs

    Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …

April, 2024

  • 29 April

    Paysafe Adds a Pay by Bank Option for Online Bettors

    Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …

Digital Transactions