The Federal Reserve launched a new instant payment system, FedNow, on July 20. It promises to open the world of instantaneous money transfers, at any hour of any day, to the masses — at least in the U ...

From 9 January 2025, EU payment service provides are required to shift away from transaction-based sanctions screenings for certain intra-EU instant credit payments Regulation (EU) 2024/886, the ...

Traditional payment systems once served as a simple infrastructure. Now, businesses of all sizes need instant payment capabilities to survive and thrive. The world of instant payments shows dramatic ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. This is an excerpt from the Future of Payments 2025 report.

The Federal Reserve has launched an instant payment service called FedNow, which allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send ...

When it comes to getting paid — and paid back — most people and businesses want their money as quickly as possible. While payment processing at financial institutions has become faster over the years ...

The Federal Reserve launched a new instant payment service Thursday. FedNow allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money ...

Digital transformation initiatives are in full swing in multiple industries across the United States these days, with businesses seeking to leverage technology tools to speed and simplify a variety of ...

European banks are bracing for a hit to their interest income as instant payments become mandatory across the EU. Under the new SEPA Instant Payments regulation, banks must process euro transfers ...

The Federal Reserve gets a lot of attention when it comes to its interest rate decisions. Recently, its role as a bank regulator grabbed the spotlight too, after the wave of bank failures earlier this ...

The spread of digital payment technology now allows smaller retailers to speed up their businesses receiving secure, non-cash payments, a cash-flow perk that was available only to big companies not ...