Instant payment RSS

A study has found that the number of consumer instant payments, any payment outside of a card network that is capable of receiving funds in 10 seconds or under, will... read more

The post Instant payment transactions to exceed 235 billion globally by 2027 appeared first on Payments Cards & Mobile.

Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payments as part of a proof of concept demonstrating the feasibility of synchronising settlement... read more

The post EBA CLEARING, SWIFT and TCH team to pilot fast cross-border payments appeared first on Payments Cards & Mobile.

GRAFT (Global Real-time Authorizations and Funds Transfers), a blockchain payment network innovator has announced that it has achieved its first end-to-end instant payment transaction (under 2 seconds) on the GRAFT Network.... more

The post GRAFT announces first instant payment on decentralised payment network appeared first on Payments Cards & Mobile.

November saw the launch of new instant payment schemes in the US and Eurozone. The main commercial banks in the US are behind RTP®, and nearly 600 payment institutions from eight European countries are participating in SCT Inst (SEPA Instant Credit Transfer). Real-time or instant payment is not new though. It started with Zengin in [...]

The post Instant payments: what are you waiting for? appeared first on Payments Cards & Mobile.

Mastercard has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-based system that offers instant payment. The... more

The post Mastercard files patent for blockchain-based money transfer appeared first on Payments Cards & Mobile.