Instant Payments

01 Dec 17 @ 15:41

Mastercard has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-based system that offers instant payment. The... read more

29 Nov 17 @ 20:05

Change in payments is in overdrive, and will only get faster. Traditional payments players are being squeezed from all sides – so what is driving the future of payments. This... read more

24 Nov 17 @ 10:49

Building a national payment system is a huge undertaking. Prior to launch, banks and non-banks have to collaborate on the governance, rules and features of the system. They have to... read more

21 Nov 17 @ 09:00

The Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme created by the European Payments Council (EPC) is operational. As of today, nearly 600 payment service providers (PSPs)... read more

16 Nov 17 @ 16:42

American Express has announced the introduction of blockchain-enabled, cross-border B2B  payments. The American Express FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, reducing... read more

14 Nov 17 @ 14:23

The Clearing House (TCH) has launched RTP, its real-time payments system, the first new core payments infrastructure in the US in more than 40 years. The new RTP system was... read more

09 Nov 17 @ 16:06

Regulation, compliance and legacy systems have, for so long, been the stumbling blocks for financial institutions to capitalise on the new digital age where there are few barriers to international... read more

08 Nov 17 @ 09:22

Ultra Electronics’ CORVID PayGate platform has been accredited by the Faster Payments Scheme Limited (FPSL) as technically compatible with the Faster Payments Central Infrastructure (FPS CI). This assures CORVID’s ability... read more

02 Nov 17 @ 16:34

Visa has announced the European launch of Visa Direct – a real-time payments platform that allows companies to leverage Visa’s global reach and scale to transform domestic and cross-border payments... read more

01 Nov 17 @ 09:18

While payments might seem ‘instant’ to those engaged in the transaction, the reality is, apart from cash, they are generally not. Real time clearing is what happens when you hand... read more

17 Oct 17 @ 15:41

JPMorgan Chase is set to launch a new interbank payments platform powered by the Quorum Enterprise-ready distributed ledger and smart contract blockchain platform. With the participation of two other banks... read more

10 Oct 17 @ 13:37

According to the World Payments Report, global non-cash transaction volumes grew 11.2% during 2014–2015 to reach 433.1 billion, the highest growth of the past decade, and slightly above last year’s... read more