Displaying 1 - 10 of 23 immediate_payments blog posts

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  Making Ubiquity A Reality: Real-Time Payments Pushes Ahead In The U.S.

  Monday, August 07, 2017 David Grindal to Immediate Payments

  As a member of the Faster Payments Task Force, an initiative of the Federal Reserve, I am pleased with the newly released report findings and the push to achieve the Federal Reserve’s Faster Payments call to action in just twenty-nine months from now; a payment system that is faster, ubiquitous, more inclusive, highly secure, and more efficient.

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  Assessing Same-day ACH In The New Era of Real-time Payments

  Friday, July 28, 2017 David Grindal to Payments and Industry Trends, Immediate Payments

  The pace of payments has risen sharply in the U.S. since the introduction of same-day ACH in September 2016. Following the global movement towards immediate payments, the pace is set to pick up as real-time speed arrives through schemes such as The Clearing House (TCH) Real-time Payments System and Zelle networks.

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  SMEs Expect Instant Payments: How Do Banks Meet This Challenge?

  Tuesday, May 30, 2017 Barry Kislingbury to Payments and Industry Trends, Immediate Payments, Transaction Banking

  Listening to their customers and delivering new services will be crucial for the success of real-time banking and payments in Europe and the US

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  Real-Time Payments Will Be a Catalyst for Change in Italy

  Monday, May 22, 2017 Katrin Boettger to Payments and Industry Trends, Immediate Payments

  2017 will be a crucial year for real-time payments globally. Two major schemes are set to go live: The pan-European SEPA Instant Credit Transfer Scheme (SCT Inst), which will eventually enable consumers and businesses to make euro credit transfers in real-time between accounts 34 European countries, and The Clearing House (TCH) Real-time Payments System in the US. In addition, a number of new regional schemes are in the pipeline, so banks have their work cut out for them.

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  Alternative Payments, Immediate Payments and Collaboration—Big Initiatives That Will Bring Big Value in the Middle East

  Friday, May 12, 2017 Paul McMeekin to Payments and Industry Trends, Immediate Payments

  We recently wrapped up an exciting Seamless Payments, Middle East conference. Attendees debated about numerous industry topics, with considerable buzz around alternative payments and immediate payments.

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  Liquidity Management and Instant Payments: Why Banks Must Act Now

  Tuesday, April 25, 2017 Domenico Scaffidi to Payments and Industry Trends, Immediate Payments, Transaction Banking

  With the pan-European Instant Payments Scheme due to go live in November this year, real-time payments are about to become a reality for many businesses and consumers in Europe. Our own research shows that the demand for faster and innovative banking services among consumers and business is high.

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  Rapid Rails for Real-Time Payments

  Monday, April 24, 2017 Sandra Horn to Immediate Payments, Payments and Industry Trends

  As the NACHA PAYMENTS conference arrives in Austin, Texas this week, we spoke with Steve Ledford, Senior Vice President, Product and Strategy at The Clearing House (TCH) about the key issues conference participants will be talking about: same day ACH, real-time payments and Request for Pay transactions, among other topics.

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  Real-Time Payments and The Evolution of Debit

  Monday, April 17, 2017 Sandra Horn to Payments and Industry Trends, Transaction Banking, Immediate Payments

  As the NACHA PAYMENTS conference kicks off next week, we connected with Sarah Grotta, Director of Debit Advisory Service with the Mercator Advisory Group about a variety of timely issues that have the payments industry buzzing. Sarah shared her thoughts on real-time payments and Same Day ACH, credit-push transactions—and when consumers will finally adopt digital wallets.

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  Are You Falling Behind in the Race to Real-Time? How to Build Your Business Case for Immediate Payments

  Thursday, April 13, 2017 Mikael Sedera to Payments and Industry Trends, Immediate Payments

  We’re beginning to see a divide in the payments industry, not just between incumbents and new players, but a sub-divide between banks themselves. Some traditional financial institutions have been able to adopt agile processes, whilst others are yet to start their journey toward a more nimble future. So why are some of these banks continuing in their old mode, like giant ships, slow to change direction? Could it be that the iceberg that sinks the move to real-time is only about technology ‘above the surface,’ and organisational issues lurk below the water line?

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  Driving Faster Payments in the U.S. and Around the Globe 

  Tuesday, April 04, 2017 Sandra Horn to Payments and Industry Trends, Immediate Payments, Transaction Banking

  In advance of next month’s NACHA PAYMENTS conference, we wanted to connect with some of the companies that are driving real-time payments around the globe. VocaLink is one such organization. The company is providing the central infrastructure software to The Clearing House in the US for its Real-time Payments System. VocaLink operates the UK national payments infrastructure, which processes 90 percent of UK salaries, and also implemented the FAST service in Singapore and PromptPay in Thailand, enabling international faster payments. In September of last year, ACI and VocaLink announced a partnership to offer a complete end-to-end immediate payments solution to launch a domestic or regional immediate payments network.