Tag: Instant Payments

Stay updated on instant payment trends and technologies. PaymentsJournal provides expert analysis and news on the systems enabling faster, real-time financial transactions in the payments industry.

The Challenge of Real-Time Payments for Legacy Banks

by PaymentsJournal

November 30, 2023

In a world of immediate payment options like Venmo and Zelle, most U.S. banks are still using the same payment-processing ...

Mastercard to Launch Bank Card Business in China

by Connie Diaz De Teran

November 27, 2023

The People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) has formally approved Mastercard’s initiative to ...

Upcoming Webinar: BHMI Talks Real-Time Payments and how Concourse Transforms the Payments Back Office

Why the Rise of Real-Time Payments Requires Firms to Embrace a Modern Cloud Platform Now

by Ramon Villarreal

November 13, 2023

Time is money, and more consumers and businesses want instant payments. Worldwide, the transaction value of real-time payments is predicted ...

Real-Time Payments Australia, Visa Direct Payments Ireland

Instant Payment Systems in Africa Topped $1 Trillion in 2022

by Tom Nawrocki

November 10, 2023

Africa’s instant payment systems (IPSs) processed 32 billion transactions last year, totaling $1.2 trillion U.S. dollars. The volume of payments ...

Leveraging FedNow for Competitive Advantage: 5 Strategies Software Vendors Should Consider

by Mark Bishopp

October 19, 2023

With the rollout of the FedNow instant payment service, the realm of real-time payments and immediate reconciliation has opened up ...

instant payments, Automating reconciliations, automation

As Banks and PSPs Look to Offer Instant Payments, Automation Will Be a Game-Changer

by PaymentsJournal

October 5, 2023

With the launch of FedNow, instant payments have become ubiquitous, and their adoption will only grow. But there are complexities ...

More than 100 Financial Institutions Are Participating in FedNow

by Connie Diaz De Teran

October 3, 2023

FedNow is continuing to gain traction after its launch in July, with roughly 108 organizations now sending and receiving on ...

FedNow Could Mean a Renaissance for Smaller Financial Institutions

by PaymentsJournal

September 28, 2023

The FedNow instant payments rail has the potential to be a boon for smaller financial institutions, including credit unions and ...

Shopify and Alipay Enable Hong Kong Merchants To Tap Over 1.2 Billion Shoppers Across Asia

OCBC’s Unlocks Seamless Cross-Border Payments Via Alipay+

by Josh Einis

September 21, 2023

Oversea-Chinese Banking Corporation (OCBC) is letting consumers in Singapore conduct cross-border transactions through an Alipay+ integration. An Influx in Cross-Border ...