Faster payments

How Citi and Flywire sped payments to get PPE from China to Boston

05/04/20

The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.

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Coronavirus relief is an opportunity to bridge the digital divide

04/17/20

As the market deals with the short-term challenge of getting stimulus payments into the hands of citizens, the country has a unique opportunity to put unbanked and underbanked citizens on a long-term path to electronic payment methods, says FIS' Jim Johnson.

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Trading desks carry big banks; mad rush for relief funds

04/16/20

Wall Street trading arms benefited from first-quarter volatility, but it may not be enough to salvage future earnings; “unprecedented volume” of customers logging into their online bank accounts creates system overload at many banks.

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We shouldn't have to wait for FedNow to have faster payments

02/28/20

The Fed can take steps now to speed up existing networks.

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The API race, CFPB vs. Citizens, Varo's bank charter: Top stories of the week

02/14/20

Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.

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‘We want to take the time to get it right’ — Fed’s Montgomery on FedNow

02/12/20

Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service.

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Why the Fed is taking an incremental approach to faster payments

02/12/20

To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.

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BNY Mellon’s early adoption of real-time payments paying dividends

01/27/20

The bank was one of the first users of The Clearing House's RTP network. Andrew Haskell explains how faster payments are helping the bank and its clients.

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Don’t wait around for FedNow

12/02/19

The Fed's real-time payments system won't be up and running for years, but consumers and businesses demand faster payments today.

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How faster payments can connect 'islands of processing' between banks

11/26/19

Interoperability has become a top priority in the minds of those advancing faster payments.

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