Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …

Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …

Are you ready for real time? Ready or not, here it comes—in more than one guise, and in far more than one application. When FedNow debuted commercially 14 months ago, the story mainly focused on the general concept of immediate money transfers. But since then, the payments industry has been …

InvoiceASAP Inc., a provider of invoicing and payment technology for small and medium-size businesses, has partnered with Adyen NV to provide merchants instant access to deposited funds. InvoiceASAP will leverage Adyen for Platforms, an end-to-end payments and customer-experience platform, to offer its 23,000 merchants immediate access to pending funds and …

The number of public charging stations for electric vehicles has nearly doubled over the past five years to more than 61,000, and that’s leading some major payments platforms to view these venues as an increasingly important market. In the latest development, EV Connect, a business-service provider for these stations, has …

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 …

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 …

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 …

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 …