Tech vendor fixes problem that held up prepaid cardholders' paychecks
Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards. ... Read full article
Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards. ... Read full article
Shamir Karkal said his startup will allow fintechs to develop ACH processing for their companies without having to partner with banks. ... Read full article
At this year’s Swift Business Forum in New York, executives said banks can build "more intelligent routing" to speed up payments and reduce the cost of processing and delivery. ... Read full article
The quest for fast payments is advancing on the consumer side, but most banks are said to be undecided about a host of issues tied to speeding up transactions between businesses. ... Read full article
Fears about regulators coming down on digital currency trading caused an epic crash in the market this week. But reining in this evolving asset class won't be easy. ... Read full article
Providing the default card in digital subscription services is one way banks can win back bill-pay business, save customers time and help them manage their data. ... Read full article
This week's first transaction over The Clearing House's Real-Time Payments system may be a huge step for speeding up payments in the U.S., but it also highlights the long road still ahead. ... Read full article
As the banking industry moves closer to adopting a faster payments system, bank executives have begun to think through the impact it will have on clients and banks themselves. ... Read full article
In early fall, the central bank is expected to announce its next steps regarding how to improve the aging U.S. payments system. ... Read full article
For the last two years, the central bank has allowed the private sector to drive a process aimed at modernizing the nation's payments system. Now the Fed will have to determine what its own role will be. ... Read full article
An influential task force established by the central bank envisions a future in which the U.S. has multiple real-time payment systems, and in a new report it lays out a series of actions that will be necessary to stitch them together. ... Read full article
The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead. ... Read full article
ICBA Bancard is partnering with payments provider linked2pay to more easily deploy Automated Clearing House and other transaction types through a cloud-based platform. ... Read full article
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system ... Read full article