“In August 2020, the Federal Reserve achieved a key milestone in FedNow’s development, marked by the announcement of the service’s features and functionality.5 At initial release, planned for 2023 or 2024, the service will provide a clearing and settlement infrastructure that enables participating financial institutions to provide safe and efficient instant payment services in near real-time, around the clock, 365 days a year.6 FedNow instant payments will continue the Fed’s longstanding commitment to, and role in, supporting safe, accessible, and efficient payments in the United States.”

“Finastra today revealed Fusion Payments To Go – its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa. The solution comes pre-packaged, with reduced fixed implementation costs, and rapid, secure and scalable deployment in the cloud on Microsoft Azure.”

“The COVID-19 pandemic and government measures to slow its spread are altering the way Americans bank, pay and shop on an unprecedented scale and with rapid speed, according to a survey released today by financial services technology leader FIS ™ (NYSE: FIS). FIS surveyed more than 1,000 American consumers about the ways they are paying and banking amid social distancing and stay-at-home actions taken across the U.S. since the COVID-19 outbreak. The findings indicate that the pandemic has accelerated the digital transformation of banking and commerce, and that these adjustments likely will not be temporary but rather mark a new normal in consumer behavior in a post COVID-19 marketplace.”

“Financial services technology leader FIS ™ (NYSE: FIS) today announced a simplified pricing and contracting model for qualifying U.S. community banks and credit unions that enables them to bring innovative new products and services to market more quickly, control expenses, and maximize the efficiency and resiliency of their operations – better positioning them for success as the economy recovers from the current health crisis.”

“FIS ™ today announced an agreement with JCB, the leading issuer and acquirer in Japan and a global payment network. Worldpay, FIS’ global eCommerce platform, will allow businesses operating in Japan to accept payments by JCB cards. With this agreement, Worldpay now provides a comprehensive eCommerce solution for enterprise merchants operating in Japan. Worldpay merchants selling online in Japan will now be able to streamline their payments technology and settlements by accepting more types of card payments through a single integration rather than multiple third-party contracts.”

“The investments will further enable PSCU to provide an end-to-end payments platform in an integrated environment for a fully customizable and seamless experience. The focus will be on accelerating the development of technology, solutions and operational initiatives, including modernizing existing infrastructure, leveraging cloud technology and driving efficiencies through robotics and artificial intelligence. In addition, a significant investment will be made to further enhance Lumin Digital, PSCU’s industry-leading digital banking platform.”

“DIMOCO Payment Services today announces the completion of the process to become a member of Mastercard. As an independent and licensed merchant acquirer, DIMOCO integrates credit card acceptance and payment processing with a single contract, connection and settlement. According to the time table of the company, the membership approval process with other leading international schemes are ongoing, and finalisation is to be expected in Q4 2019.”

“TSYS (NYSE: TSS) announced today that their Genius platform now supports EBT SNAP (Electronic Benefits Transfer; Supplemental Nutrition Assistance Program) payments. The Genius platform can now integrate with a new set of POS providers, positioning it to serve a broader range of businesses across the United States – especially convenience stores and specialty grocery retailers.”

“Galileo, a leading and trusted technology partner for fintech and payments, today announced that its technology and know-how is helping to power Robinhood Checking & Savings, unveiled this morning in a blog post from Robinhood. Galileo’s highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns three percent annual interest, has no fees, and offers access to over 75,000 free ATMs.”

“This announcement changes the business’ public perception of InComm’s capabilities, they have always been known as a distributor and major processor for the gift card industry, but not in the General Purpose Reloadable (GPR) space.  This exposes the strength of InComm’s money distribution system that is spread among retailers throughout the United States which will provide a robust reloading capability which is necessary for GPR program’s success.”