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.

ISO 20022 Adoption Has Its Challenges, but Advantages Outweigh Them

by PaymentsJournal

July 24, 2023

The adoption of ISO 20022 is well underway, especially within central banks and larger institutions. This International Organization for Standardization ...

FedNow’s Live: How It Can Revolutionize Instant Payments in the U.S.

by Elisa Tavilla

July 20, 2023

Today, the Federal Reserve announced the highly anticipated launch of the FedNow Service—the U.S.’s new instant payment system. FedNow enables ...

Alternative Payment Methods Compel Banks to Adopt and Innovate

by PaymentsJournal

July 18, 2023

Alternative payment methods have become increasingly popular among consumers due to their easy, efficient, and secure way to pay. Mobile ...

Banks Must Accommodate SMEs on Cross-Border QR-code Payments Exchanges, CBDC

Indonesia and Malaysia Launch Cross-Border QR Payment Linkage

by Josh Einis

May 9, 2023

Consumers in Indonesia and Malaysia can now make instant retail payments through a cross-border QR payment linkage launched by Bank ...

European Payments Initiative Resets With New Acquisitions, Partners

by Craig Lancaster

April 26, 2023

It has been an interesting few years for the European Payments Initiative (EPI). The alliance launched in 2020 to great ...

Community Banks Will Have Challenges Implementing Instant Payments and Gig Workers Don’t Care

by Albert Bodine

April 14, 2023

In March, Ken Montgomery, the first Vice President of the Federal Reserve Bank of Boston and FedNow Program Executive stated: ...

Visa+ Gets an A+ in Our Book

by Sophia Gonzalez

April 14, 2023

Visa recently announced Visa+, a new service that will allow money to be sent and received across differing digital payment ...

FedNow As the Impetus for Growth in Instant Payments

by Connie Diaz De Teran

April 12, 2023

It is no mystery that FedNow is set to bring modernization to a whole new level within the U.S. payment ...

Banks Will Need to Solve for Real-Time Liquidity Using FedNow

by Albert Bodine

April 4, 2023

As we await the unveiling of FedNow, which is slated for this summer, banks and their corporate customers are trying ...

The Central Bank of the Philippines Extends a Hand That Other Countries Should Replicate

by Albert Bodine

March 30, 2023

Cross-border payments are laden with challenges. Compliance, regulatory, and tax nuances are coupled with pricing complexity, cultural barriers, and fraud. ...