Real-Time Payments

Showing Latest Real-Time Payments

US businesses, consumers increasingly adopt 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

Pan-European proof of concept showcases value of request to pay

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

Global real-time payments transactions hit record highs

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

Instant payments significantly boost finances of young adults in Europe

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

European banks believe EU SEPA instant payment timelines unrealistic

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

As instant payments go global, new risks emerge: banks must prepare

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

Instant payments will be 30% of e-commerce by 2027

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

One in three transactions will be instant payments by 2029

26 Feb 24 @ 10:47

Growth in Instant Payments has been stratospheric over the last decade, hitting 29.1% year-on-year. Data Bridge Research predict[1] instant payments will account for one in three of all consumer transactions... read more

ACH Network surpasses 3 billion payments in 2023

15 Feb 24 @ 11:40

Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023. Payment volume for the... read more

Instant payments means less than 10 seconds in EU

08 Feb 24 @ 18:06

MEPs have adopted new rules to ensure instant payment transactions arrive immediately into the bank accounts of retail customers and businesses across the EU. The new regulation aims to make... read more

Faster Payments Council: Fraud trends and mitigation opportunities

24 Jan 24 @ 19:33

The U.S. Faster Payments Council (FPC), has published a new industry resource, titled Fraud Trends and Mitigation Opportunities. Developed by the FPC Fraud Work Group, this inaugural bulletin is aimed... read more

Three financial crime trends every bank should know of in 2024

18 Jan 24 @ 17:14

ComplyAdvantage has published its State of Financial Crime report. Built on a survey of 600 senior financial crime decision-makers worldwide, alongside experience working with more than 1,000 companies globally, it... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more

RBC and BMO weigh sale of Moneris as banks retreat from merchant acquiring

06 May 26 @ 16:43

Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell Moneris, their jointly owned payments processing business, to Francisco Partners, in a... more