immediate paymentsRSS

Instant payments in Europe: a recipe for success

Isabelle Olivier, Swift

There is intense interest in instant payments (IP) throughout Europe. Domestic schemes are already live in the UK, Denmark, Poland and Sweden. The success of these schemes shows what’s possible but also teaches many lessons.

Real-time payments: forging path to the “new normal”

digital

Escalating customer expectations, regulatory requirements and technological developments are fuelling the need for instant payments. Market providers agree that real-time payments will be the “new normal” and, it’s not a matter of if, it’s a matter of when.

US Faster Payments Task Force sets ambitious goal for 2020

US

The Federal Reserve’s Faster Payments Task Force isn’t kidding when it says it wants every US consumer and business to be able to accept faster payments by 2020.

Instant payments set to displace cards in Europe – Ovum

Real-time payments are coming to you

More than $809 billion is set to switch to the fledgling instant payments system in Europe by 2027, representing a significant threat to cards, according to a new report from Ovum, a London-based consultancy.

Corporate One Federal Credit Union tests real-time payments with D+H

Corporate One FCU

North American banking and payments tech vendor DH Corporation (D+H) is helping Corporate One Federal Credit Union move to real-time payments. Corporate One FCU is using D+H’s cloud-based testing environment to simulate connectivity to The Clearing House’s (TCH) real-time payments network.

The Fed highlights progress toward faster, safer payments

Real-time payments system step closer in the US

The Federal Reserve’s plan to improve the speed, efficiency and security of the US payments system has made significant strides toward those goals, but there’s more work to do, according to the Fed’s latest progress report on the initiative.

Rabobank to modernise payments ops with ACI Worldwide

Real-time payments are coming to you

Rabobank is implementing ACI Worldwide’s UP Immediate Payments solution to support SEPA instant payments.

Single point of access to all real-time payments schemes worldwide from ACI

Real-time payments are coming to you

Payments software and services vendor ACI Worldwide says its latest version of UP Immediate Payments provides “single point of access to all immediate payments schemes globally”.

Sibos 2016: Focus on domestic payments for real-time success in Europe, delegates told

Sibos 2016: Focus on domestic payments for real-time success in Europe, delegates told

Delegates attending yesterday’s Making real time successful in the Eurozone session at Sibos 2016 heard that the key to success for banks will be to initially focus on their own domestic payments markets – which still constitute the vast majority of their payments.

ACI Worldwide and Vocalink team up for real-time payments push

McKinsey acquires PriceMetrix

ACI Worldwide and Vocalink have joined forces “to offer a complete end-to-end immediate payments solution to launch a domestic or regional immediate payments network”. The partnership will combine Vocalink’s Immediate Payments System (IPS) offering for central payment infrastructures and ACI’s UP Immediate Payments solution for banks and financial institutions.

@banking
techno