The definitive source of global instant payments intelligence

Bank, News

Cross-Border Payment Pilot Test Using Next Generation Technology

Mitsubishi Corporation MC, MUFG Bank Ltd. (MUFG Bank), Bank of Ayudhya PCL, a Thailand-based subsidiary of MUFG Bank and Standard Chartered Bank, today jointly announced the commencement of a pilot test for moving real funds over RippleNet, with the objective of making cross-border payments more convenient and further improving the capital efficiency of corporate groups. […]

Bank, News, Partnership, Technology

ABN Amro selects SIA to cope with instant payments growth

SIA is providing instant payment connectivity to ABN Amro, one of the largest banks in the Netherlands, linking it to EBA Clearing’s pan-European RT1 clearing and settlement (CSM) platform. The network infrastructure SIAnet is intended to meet the requirements of instant payments in terms of security, reliability, ease of integration with any application environment and […]

Bank, News, Partnership

Cryptocurrency exchange Coinbase strikes deal with Barclays

Digital currency exchange Coinbase has been granted an e-money license by the UK’s Financial Conduct Authority (FCA) and has indirectly joined the Faster Payments Scheme (FPS) through a partnership with Barclays Bank. Barclays is the first UK bank to strike a deal with a cryptocurrency exchange, in an effort to make it easier for British customers […]

Bank, News

Amazon in talks with banks over checking account – WSJ

Amazon is in talks with banks including JPMorgan Chase and Capital One about developing a US checking account product to serve its millions of customers, according to the Wall Street Journal, A partnership could mean lower bank fees for Amazon, while opening a door for the banking partner to acquire new young clients says the […]

Bank, News, Scheme

UK NPSO appoints Matthew Hunt COO

The New Payment System Operator (NPSO), which is taking charge of all the UK’s retail payment systems including its Faster Payment Service that is undergoing a technology overhaul, has appointed Matthew Hunt its new Chief Operating Officer.

Bank, News

Ovum Report: Real-Time Payments Key Driver for $3.3 Billion Rise in Technology Spend by North American Commercial Banks

New research from Ovum, the market-leading research and consulting firm, reveals that North American commercial banks are continuing to increase their investment in real-time payments (RTP). The report “The rise of real-time payments in North America”, commissioned by Icon Solutions is based on responses from more than 7,000 CIOs and other senior IT decision makers.