Companies

Fortis and BigCommerce Announce Payments Partnership to Simplify Checkout and Accelerate Business Growth

PR Newswire

“Fortis announced a strategic partnership with BigCommerce built to help brands, retailers, manufacturers, and merchants of all sizes grow and innovate without compromise. Through this integration, BigCommerce customers—including mid-market B2B sellers, distributors, service-based businesses, and developers—gain access to Fortis’ embedded payments technology. The solution enables real-time transactions, simplified reconciliation, and next-day funding, while eliminating third-party […]

Tags: Fortis

Companies

Payment Platforms Stand To Gain As Consumers And SMBs Push For Smarter Financial Solutions, New Marqeta Research Finds

Marqeta, Inc.

“Marqeta’s sixth annual State of Payments Report shows widespread interest in smarter payment platforms to unlock small to medium-sized business (SMB) growth and meet growing consumer demands amidst ongoing economic pressures. The annual State of Payments report expanded this year to survey a total of 1,000 SMBs along with 3,000 consumers across the US and UK, finding that […]

Tags: Marqeta

Industry

Alibaba Partners with Slope to Deliver Flexible Payment Options for U.S. Business Buyers at Checkout

Business Wire

Slope, the AI-powered credit and risk infrastructure provider, announced their partnership with Alibaba on “Pay Later for Business,” an embedded financing solution enabling U.S. business buyers to conveniently manage payments and cash flow directly at checkout. Slope’s real-time underwriting technology assesses business buyers based on live transaction and financial data, delivering rapid credit decisions while […]

Companies

Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration

Business Wire

“Groundbreaking experiments led by Swift have demonstrated the potential impact AI and secure cross-border data collaboration could have on reducing fraud levels in international payments. Working with 13 global financial institutions, the experiments used privacy-enhancing technologies (PETs) to enable institutions to securely share fraud insights across borders. In one use case, the PETs enabled participants […]

Tags: Swift

Companies

JPMorganChase, Ant Team for Real-Time ‘On-chain’ Asian Payments

American Banker

“Chinese technology giant Ant International has completed a nearly instant U.S. dollar to euro foreign exchange payment in Asia through JPMorganChase’s blockchain unit, giving a boost to efforts to enable international interoperability for real-time payments.” [Subscription Required]

Tags: Ant International JPMorgan Chase

Global

Bank of England Overhauls Core Payments System Settling £800bn a Day

Tech Informed

“The Bank of England has completed a multi-year overhaul of the UK’s Real-Time Gross Settlement (RTGS) service, marking one of the most significant upgrades to the country’s financial plumbing in decades. RTGS is the backbone of wholesale payments: it allows financial institutions to move money between each other instantly, in “real time” and on a […]

Tags: UK

Global

South African Payment System Operator Gets New Name

My Broadband

“Following the South African Reserve Bank’s acquisition of BankservAfrica, the payment clearing house system operator has changed its name to PayInc. According to PayInc, the rebrand is more than a change of name and reflects a renewed purpose for the organisation. PayInc said it has played a vital role in South Africa’s financial system for […]

Tags: South Africa

Companies

How ACI Worldwide Plans to Take APP Scams Head-On - Part 1

Bank Info Security

“Real-time payments, or RTPs, and other forms of cashless transactions enable instant money transfers, offering convenience for both individuals and businesses. Cross-border RTPs alone now shift billions of dollars in remittance fees instantly. But fraudsters are exploiting the speed of these transactions, tricking millions of victims into parting with their savings through authorized push payment, […]

Tags: ACI Worldwide

Global

Payments Canada Prepares Payment Service Providers for Real-Time Rail Participation With New Guide

Payments Canada

“For the first time, payment service providers (PSPs) will be eligible for Payments Canada membership and Real-Time Rail (RTR) system participation through amendments to the Canadian Payments Act and the introduction of the Retail Payments Activities Act. To help PSPs leverage the full benefits of RTR participation, Payments Canada has released The Real-Time Rail Participation Guide for Payment Service […]

Tags: Canada

Global

Whitepaper: Unlocking Business Opportunities With Real-Time Payments [Australia]

Australian Payments Plus

“The way businesses pay and get paid is undergoing a fundamental shift. This whitepaper explores the benefits, opportunities, and considerations for businesses as they prepare for Australia’s payments future and includes case studies of leading organisations already realising the benefits, including: Amazon.com.au’s new payment check-out option; BP’s support for small retailers and efficiency improvements.”

Tags: Australia

Companies

Payments Study: Gathering Data from Thousands of Depository Institutions

Atlanta Fed

“My colleagues at the Atlanta Fed and I have been reaching out to leaders in the payments industry to assist them with responding to the Depository and Financial Institutions Payments Survey (DFIPS). This every-three-years survey is an essential component of the Federal Reserve Payments Study (FRPS). New this year: the FRPS is collecting data on […]

Tags: Federal Reserve

Industry

No Summer Holiday for RTP As Volume Increases

Digital Transactions

“Real-time payments over the RTP network from The Clearing House Payments Co. LLC, increased over both the Memorial Day and July 4 weekends, with Memorial Day volume at 860,268 transactions valued at $2.6 billion, compared with 677,061 transactions at $307.9 million for the 2024 holiday. TCH advises that it raised its transaction limit on Feb. […]

Global

Case Study: Red Energy Modernises Bill Payments [Australia]

Australian Payments Plus

“Electricity and gas provider Red Energy is the first major Australian utility to offer PayTo as a real-time bill payment solution, giving customers an instant payment option and Red Energy immediate transaction visibility. [Video]”

Tags: Australia

Companies

Wirex Expands WEB3 Payments in Europe With Visa-Backed EURC Settlements

Yahoo Finance=Cision

Wirex, a leading Web3 money app, has announced it is supporting EURC settlements through Visa’s stablecoin settlement pilot, marking a significant milestone in the evolution of blockchain-based payments in Europe. Following the successful completion of a testing phase, Wirex is now live with EURC settlement capabilities via the Visa Network. This collaboration enables near real-time settlement using EURC, a […]

Tags: Wirex

Industry

BankSocial Launches Tokenized Shared Branching Network, Aiming To Modernize Credit Union Payments

CUToday

“BankSocial’s new model replaces the traditional shared branching framework—where transactions rely on intermediary “acquirer” credit unions—with a peer-to-peer, real-time settlement system…The initiative is drawing inspiration from Zelle, the real-time payments network launched by a consortium of banks, but is tailored for the credit union philosophy, Reed said.”