Instant Payments

07 May 24 @ 15:42

US businesses and consumers are rapidly adopting digital, instant payments services, according to studies released by Federal Reserve Financial Services. Digital wallet use saw especially strong growth in 2023 —... read more

07 May 24 @ 15:26

Visa and J.P. Morgan Payments have announced a strategic collaboration that aims to enhance merchant experiences and drive innovation for J.P. Morgan Payments’ customers by introducing faster domestic payments in... read more

07 May 24 @ 14:58

EBA CLEARING says that, together with eight multinational payment service providers (PSPs), it has completed a pan-European proof of concept leveraging its R2P Service (Request to Pay). As part of... read more

03 May 24 @ 14:10

Global real-time payments (RTP) growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023 – a year-over-year (YoY) growth of 42.2% – according to the 2024... read more

30 Apr 24 @ 16:02

A new study has revealed that virtual cards will be the fastest-growing B2B payment method by transaction value globally by 2028. It is forecasted that virtual card transactions, randomly generated,... read more

16 Apr 24 @ 09:40

The Economist Intelligence Unit says[1] Asia’s instant payment schemes are linking up to create faster economic growth for economies across the region, with some European markets following suit. Download the... read more

11 Apr 24 @ 15:32

Yesterday we reported on the efficacy of the UKs Confirmation of Payee (CoP) program reaching 2 billion check. Now EBA CLEARING has announced it will provide its CoP service at... read more

10 Apr 24 @ 15:26

ACI Worldwide has revealed striking new data proving instant payments will boost the financial prospects of young adults in the EU. New research from the Centre for Economics and Business... read more

27 Mar 24 @ 19:12

New research from RedCompass Labs, reveals that 58% of European banks that do not currently offer instant payments believe the timelines set out by the EU in the new SEPA Instant payments... read more

19 Mar 24 @ 12:15

In the rapidly evolving world of online commerce, the quest for more secure, efficient, and globally accessible payment methods has led to significant innovations. Among these, virtual cards and cryptocurrencies... read more

18 Mar 24 @ 18:05

A new white paper from global digital banking infrastructure firm RS2 describes the rapid adoption of Instant Payments world-wide, predicting that one in three consumer payments will be instant by 2029.... read more

11 Mar 24 @ 20:26

According to Ovum[1], the use of instant payments for e-commerce will account for almost one in three of all digital transactions across Europe by 2027. This brings benefits to merchants... read more