Faster payments

Fed more bullish on launch of real-time payments service


The central bank aims to roll out FedNow sometime in 2023, which is more optimistic than its previous timetable. The official leading the project noted progress in developing the infrastructure and its compatibility with private-sector solutions.


Visa pilots faster-payment services for banks


The card network is testing two artificial intelligence-powered programs that it says give banks some of the benefits of faster payments without requiring the immediate movement of funds.


Heavy demand for fast payments in small banks' trial run


A California startup and a century-old Missouri bank, which began using The ClearingHouse's real-time payments network this summer, say businesses have embraced the technology to pay suppliers and gig-economy workers and quickly close real estate deals.


Using payments tech to punch above your weight


Nano Banc's president, Mark Troncale sits down with PaymentsSource's senior editor Kate Fitzgerald to discuss how the fintech decided to be amongst the first wave of small-to-midsize banks adopting The Clearing House's real-time payments solution. So how did it go?


The partners that can help Fed speed launch of real-time payments


The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.


Swift to focus on transaction management to fuel faster payments


After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.


Postal banking is a solution, but to which problem?


With the USPS emerging as an election-year flashpoint, postal banking is an idea that could gain steam. But a number of proposals are out there, and they have wildly varying implications for financial inclusion.


Will Citi snafu bring fresh scrutiny to custodial banks?


Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.


FedNow? More like FedLate.


The Fed's faster payments platform may well roll out in three or four years, but by then it will already be outdated.


OCC's Brooks questions need for government-owned payment systems


Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers."