Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon, Inc. Delivering payments that meet consumer demand As AI, ChatGPT, and the increased adoption of instant payments become more prevalent in our day-to-day lives, the impact of truly connected payments is upending the traditional consumer experience. The …

With FedNow joining RTP in the race for real-time payments, a hugely practical service called request for payments could take off. If you’re not a payments geek, you could be forgiven for wondering what all the fuss was about when the Federal Reserve announced in July that its real-time payments …

The Clearing House Payment Co. LLC, operator of the Real Time Payments network, said Wednesday that more financial institutions are making use of its Request for Payment capabilities. Request for payment has been a feature of The Clearinghouse’s real-time payments network since it launched more than five years ago. The …

Real-time payments platform provider Pidgin Inc. has published an eBook detailing key steps financial institutions should be taking to prepare for real time payments. The eBook, published just ahead of the debut of Federal Reserve’s FedNow real-time payments network this month, details how financial institutions can use real-time payments to …

The fraud that threatens real-time payments is quicker—and demands quicker action. Today’s world of instant gratification is about to take another big leap forward in July when a second real-time payments network debuts with the launch of FedNow, the Federal Reserve’s instant-payment network. Announced as a concept in 2019, two …

Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …

If The Clearing House Payments Co. LLC’s experience with the formation and setup of its Real Time Payments network more than five years ago is any indication, the upcoming FedNow service may want to prepare for a marathon. That’s the advice from Keith Gray, TCH vice president of sales and …

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 …

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 …

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, …