Faster payments

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.

After more than two years of work on its real-time payments rail, The Clearing House senses it has the proper plumbing in place to make any new system hum. And the one thing it wants to make clear: This isn't your father's ACH.

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

Payment companies' efforts to modernize by connecting systems through partnerships and acquisition has invariably caused a chain reaction of competitive issues in the eyes of regulators.

Bank technology provider D+H Corp. is expanding its role in the expected launch of The Clearing House Real-Time Payments System by offering banks cloud-based testing to simulate a connection to that system.

The time banks have to investigate red-flagged credit payments has shrunk from several days to a few hours and fraudsters have already taken notice.

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

The Federal Reserve is asking the payments industry for input on securing faster payments processing.

In a world filled with a growing number of options for instant and same-day payments, the paper check still holds strong as a barrier to innovation. But it could also be a sign of opportunity.