Real-time payments

American banks and their clients now see a business case for ISO 20022 as they expand cross-border and real-time transactions.

The bank anticipates strong demand from businesses that want to settle invoices faster. It also wants to get ahead of competition from fintechs offering similar services.

More than 250 wholesale clients signed up with the Pittsburgh bank in the past year to use real-time payments for payroll, billing and supply chain management.

A member of the ECB's board urged local companies to lower their prices, or risk being undercut by global rivals.

The bank tech firm needs licenses and partners in multiple nations — a monumental task that promises to take years.

Fiserv is joining the increasingly crowded market for earned wage access in partnership with Instant Financial.

Wells Fargo wants to use the real-time payments network being developed by the Federal Reserve for 24/7 liquidity management. The online-only First Internet Bank aims to use it to help customers manage their bills and cash flow.

Federal Reserve Chair Jerome Powell said the central bank is involved in a large-scale research and development project on the digital dollar, and that questions of whether adopting such a currency would provide a public benefit have yet to be resolved.

The partnership provides the fintech's clients with access to The Clearing House's RTP network.

The partnership provides the fintech's clients with access to The Clearing House's RTP network.