Real-time payments have emerged as a transformative force and a cornerstone of payments modernization. Learn what they are — and much more — here.
There’s been quite a bit of confusion around the relationship between the FedNow Service and CBDCs — we’re here to clear the air.
The service delivers instantaneous fund transfers and operates beyond regular banking hours, defying the lags traditionally associated with such transactions.
But while the window of early adoption may be closing, there are plenty of actions that institutions can take right now to prepare for the launch.
How embedded preprocessing and smart routing can benefit your payments modernization journey.
The Federal Reserve recently announced that its long-awaited instant payments service, FedNow, will officially begin operating in July, 2023. The service has been in the works for quite some time, with more than 100 payments processors and financial institutions having already participated in an initial pilot program.
In the final part of this three-part blog series, we’ll review the importance of FI’s enhancing management and servicing capabilities, and why intelligent routing solutions present a unique opportunity to deliver new value to business customers.
Volante sat down with the head of consulting services at TradeHeader, Aleix Revilla, as well as the firm's founder and managing partner, Marc Gratacos, to discuss the expanding opportunities and challenges ahead for ISO 20022 adoption.
While it may feel like a bare-minimum approach ahead of the imminent FedNow rollout, launching instant payments in receive only mode is actually an incredibly smart strategy for banks not ready to go all in and comes with a number of significant benefits.
Should you be moving forward with your plans to enable transactions on RTP, or simply wait for FedNow? When exactly should you be prepared to offer instant payments services to your account holders?
Due to the pre-existing widespread utilization of TCH’s RTP network, the first iteration of FedNow will exist primarily as an alternative to RTP, and there remains considerable redundancy between the two systems. So where do the two systems differ?
In a recent webinar focused on the evolving US payments sector, we asked our panel of experts to highlight instant payments opportunities and use cases that they believe will be particularly impactful. Here are just a few that caught our attention.
For the past few years, the global payments industry has been in the midst of an historic transformation. Between rapid advancements in instant payments technology, and widespread corporate initiatives surrounding ISO 20022 compliance and integration, a future comprised entirely of faster, more secure transactions could be right around the corner.
