Faster payments

Regulators are calling for the boards of the three separate faster-payments initiatives to review and endorse the consolidation plan and complete most of the consolidation before the end of 2017.

The B-to-B payments market is ripe for digital innovation. Here are some of the most recent moves to bring B-to-B payments up to speed.

Using a program built by Ripple, BBVA has transferred about 50 euro-denominated payments to Mexico from Spain in seconds. Such transactions normally take up to four days to clear, the bank said.

Payments and liquidity management provider Dovetail wants to make sure banks in the euro zone have the systems in place to allow business customers to take advantage of new options for sending and receiving payments later this year.

The majority of small and medium-sized businesses in the U.S. and Europe express an interest in real-time payments, but very few are aware of the current options being tested and brought to market.

Speakers at PSCU's 2017 Member Forum offered insights on a host of issues related to payments, cybersecurity, leadership and more.

Author Rachel Schneider on income volatility problems; Travis Dulaney talks instant payments; American Banker's Mary Wisniewski discusses the OCC's fintech charter, data aggregation battles, and alternative data.

Lots of countries are making big changes to their payment ecosystems, with lots of public fallout. By contrast, Canada's efforts appear much more subdued.

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.

Many banks and money transmitters have built successful billion-dollar businesses around P-to-P payments without social sharing and letting users send emojis.

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.

Third party technology development from APIs and real-time digital payments are expanding, creating a new area of security risk.

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

The technology can help to speed processing, and the number of banks investing in the technology is expanding rapidly.

Several groups are developing real-time payments systems for the U.S., and most everyone agrees success is inevitable, but how quickly they can make enough progress to satisfy consumers is a point of contention.

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

Recommendations for a framework to develop a "universal security baseline" to protect sensitive payment data at rest and in transit remains a key goal of the Federal Reserve faster payments initiative.

Direct deposit transactions accounted for 52% of all transactions processed through the speedier system

Dwolla is pitching its faster payments system to the Federal Reserve Bank as it contemplates the facets of a future system in the U.S.