Emerging real-time or instantaneous settlement of payments, e.g., FedNow.
A brief report by Yahoo News about the launch of Fed Now, a real-time payments system, by the US’ Federal Reserve.
FED LAUNCHES NEW PAYMENTS SYSTEM THAT LETS YOU SEND MONEY IN SECONDS Read More »
In this white paper, TINK (a Visa company) explains how PSD3/PSR is a welcome addition to the development of open banking in Europe. PSR should address standardization issues and past problems with APIs. The requirements should be passed before the summer of 2024 with enforcement happening by the end of 2025.
EUROPEAN COMMISSION INTRODUCES PSD3/PSR TO ADVANCE OPEN BANKING Read More »
A slide showing graphicly how same day and realtime payments may impact fintechs, including insurance, healthcare and other verticals with a strong payments component.
HOW FASTER PAYMENTS WILL IMPACT FINTECHS Read More »
FedNow’s promise of faster payments is not new. Aside from RTP and same-day ACH, we have seen faster payments in a number of forms: closed-loop P2P payments (Venmo, Zelle), wire transfers, stablecoins, and push-to-card. Each varies in settlement type, rail, limit, cost, push/pull capabilities, and transaction limits. This has created an ecosystem where U.S. money movement has become unnecessarily complex. In this white paper by Bessemer Venture Partners they explain that they expect to see more payment-first business models, and a new wave of fraud, and infrastructure to facilitate the patchwork of faster payments in the US.
HOW FEDNOW AND FASTER PAYMENTS WILL IMPACT US FINTECH Read More »
A link to a resource page and numerous resources about the Federal Reserve and its planned introduction of Fed Now, a real-time (RTP) settlement system in the United States in July 2023..
WELCOME TO INSTANT PAYMENTS UNIVERSITY Read More »
A brief report describing the Clearinghouse’s real-time payments network (RTP),
THE CLEARINGHOUSE’S RTP NETWORK Read More »
A video presentation by John Anderson of PLAID, Lily Varon of Forrester, and Akashi Desai of Novo, about the state of real-time payments, with a special focus on fraud.
TECH TALK: THE ROAD TO REAL-TIME PAYMENTS Read More »
A BAI report on a joint project between Singapore, Malaysia and Europe to facilitate instant cross-border payments.
PROJECT NEXUS: ENABLING INSTANT CROSSBORDER PAYMENTS (BAI) Read More »
This white paper by Mastercard explains that as real-time payments increase globally, Card-based push payments (push-to-card) enable participants to send funds directly to consumers and small businesses via their payment card accounts. Receipt of funds via a payment card, typically a debit card linked to a deposit account, makes for a seamless consumer experience,
A NEW PUSH FOR PUSH PAYMENTS Read More »