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Early Warning, a real-time payments provider, has signed an agreement with Visa to enable person-to-person (P2P) payments on its clearXchange network using US-issued debit cards through the Visa Direct platform, it will leverage Mastercard Send for Mastercard US debit card holders. Early Warning’s clearXchange network currently enables customers of participant financial institutions to send money to anyone with [...]

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Two of the US’s biggest banks, US Bank and Bank of America are to offer real-time, mobile P2P money transfers to consumer mobile phones over the clearXchange network. ClearXchange, operated by the bank-backed Early Warning consortium, acts as a clearing house for person- to-person online payments transfer, enabling customers to send funds directly from their bank [...]

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ClearXchange, the US bank-owned digital payments network, is rolling out a system that enables real-time bank-to-bank transfers. ClearXchange acts as a clearing house for person-to-person online payments transfer, enabling customers to send funds directly from their bank accounts to the recipients’ using only an email address or mobile phone number. The platform is owned by Bank of [...]

The post ClearXchange introduces real-time payments in US appeared first on Payments Cards & Mobile.