When the Federal Reserve’s FedNow real-time payments service debuted commercially 13 months ago, the story mainly focused on the general concept of immediate money transfers. But since then the payments industry has been busy refining that concept and working on service-ready applications. One of the most talked-about of these applications …

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 …

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 …

The Clearing House Payments Co. LLC reported early Wednesday its 7-year-old RTP service on June 28 exceeded $1 billion in daily volume for the first time. TCH waited a week and a half to disclose the milestone as it worked out what the factors were behind the record-setting performance, only …

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 …

Companies that can make immediate worker payouts are poised to outcompete those that can’t. Personalization in banking and financial management is critical. Today, customers have high expectations for a cohesive financial experience, and the banks and companies that refuse to adapt will certainly be left behind. According to a survey …

Data from eMarketer, a research firm, indicates mobile payments at the point of sale in the U.S. market will total $670.5 billion this year, up 21.4% from 2023, and will grow nearly 19% to reach $797 billion in 2025. Volume will cross the $1-trillion mark in 2027, the firm predicts. SmartMetric …

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 …

Cantaloupe Inc. announced early Tuesday it will install its Cheq point-of-sale platform at professional soccer club Detroit City FC’s home stadium for all games and live events. Cantaloupe will begin providing POS services at the stadium in June as part of a multi-year deal. The deal builds on Cantaloupe’s acquisition …

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 …