Instant Payments

31 May 24 @ 10:09

Four years ago, the Brazilian Central Bank introduced an instant payment scheme called Pix, the initiative has experienced remarkable growth since its inception. To learn more about the latest updates,... read more

17 May 24 @ 15:55

Amidst the not so friendly rumblings within the Spanish banking sector, Iberpay and Santander have signed up to become the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer... read more

16 May 24 @ 16:59

The U.S. Faster Payments Council (FPC) has published a report titled, Navigating Instant Recurring Payments: Consumer, Business, and Financial Institution Perspectives. This comprehensive needs assessment offers strategic insights into the... read more

13 May 24 @ 16:08

Real-time or Instant Payments networks operate 24/7 and provide numerous advantages, across flexibility, enhanced security, cost reduction and instantaneity. They also enable almost immediate money transfers between accounts, enhancing transaction... read more

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