With real-time payments quickly becoming a reality for the U.S. payments market, smaller financial institutions are scrambling to adopt the necessary technology. That in turn is creating opportunities for a wide range of technology companies. The fintech Go-Live Faster says it will launch what it bills as a solution that …
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U.S. Bank Teams Up With Tech Provider Kyriba To Bolster Real-Time Payments
The nascent U.S. real-time payments market took another step forward Wednesday when U.S. Bank and Kyriba Corp., a provider of financial technology for multinational corporations and banks, announced they are working together to enable instant payments for businesses. Under their new pact, joint clients of U.S. Bank and Kyriba will …
Read More »Apple Pay Later Launches; U.S. Plays Catch-Up in Real-Time Payments; Shift4 on Base in Camden Yards
U.S. Real-Time Payments Will Climb Fast But Will Still Account for a Small Fraction of Activity
The Federal Reserve’s planned launch in July of its FedNow service is widely expected to spur big growth in real-time payments in the U.S. market. That’s likely to happen, but the overall share of transaction volume for instant payments is expected to remain under 5% for at least the next …
Read More »Crypto a Prime Criminal Target; Finastra Preps for Real-Time Payments; Bitcoin Depot Adds More ATMs
As Real-Time Payments Systems Gear Up, Finastra Launches a Multi-Network Software Offering
With the Federal Reserve’s announcement last week that it will launch its FedNow real-time payments service in July, technology firms are jockeying for position as the appetite for faster payments grows worldwide. One big development emerged early Tuesday with an announcement from London-based payments-software firm Finastra Group Holdings Ltd. that …
Read More »The Fed Zeros in on July for the Launch of the FedNow Real-Time Payments Service
The Federal Reserve late Wednesday narrowed the launch window for its FedNow real-time payments network to July of this year. The move comes seven months after the banking regulator announced it would introduce the service some time between May and July. Formal certification of system participants will start the first …
Read More »As FedNow Prepares for Launch, Bankers’ Banks Enlist Help for Real-Time Payments
With the launch of the Federal Reserve’s FedNow real-time payment service expected by mid-year, payments players are lining up clients to take advantage of the service. The latest is Pidgin Inc., a startup payments platform specializing in supporting financial institutions. The Atlanta-based company early Tuesday announced that Community Bankers’ Bank …
Read More »Real-Time Payments Tee up in Separate Sionic And Oracle Offerings
Real-time payments are getting more attention in financial services, and vendors are quickly enabling the faster-payment capability. Among the latest to do so is Sionic Corp., with its suite of services that includes its Verified Rapid Payments, and Oracle Corp., with a new set of cloud-based banking services. Atlanta-based Sionic …
Read More »Fintech NorthOne Offers a Real-Time Payments Capability Via The Clearing House
Five years on, the Real Time Payments network from The Clearing House Payments Co. LLC continues to gain new members outside of legacy banking. The latest is NorthOne, a fintech that offers financial management services for small businesses, startups, and freelancers. New York City-based NorthOne, which was founded in 2016, …
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