Real-time payments have existed in some other countries for several years, and they are now a reality in the United States. Many financial institutions (FIs) are offering their customers the ability to send money in real time to family and friends quickly and easily and, in many cases, without a charge. New payment types are evolving—business-to-business payments as well as person-to-business payments, business-to-person (B2P) payments, and person-to-person (P2P) payments are becoming mainstream.
As payments continue to expedite, it’s more important than ever to ensure your organization is up to speed. Discover industry and market trends, P2P growth and some best practices for mitigating risk associated with faster payments.
A year after its unveiling at Money20/20, Zelle® returns with significant momentum behind its banking industry-led, real-time mobile payments network. Hailed as “The World’s Largest Payments & Financial Services Innovation Event,” Money20/20 draws over 11,000 attendees from over 4,500 companies worldwide. To kick things off this year, Zelle is co-sponsoring the Welcome Reception Party on the luxurious pool deck of the Venetian Hotel. This reception is open to all conference attendees so make sure to look for our cabanas and stop by to see us!
Raise your hand if you’ve heard of the Faster Payments movement! If you’re in the payments industry, it’s a good guess you’ve not only heard of it, but are actively preparing your organization for the second and third phases of the National Automated Clearing House Association’s (NACHA) Faster Payments Initiative. This program was created to help address the “lack of a real-time, or faster payment system,” to improve the payments experience for both consumers and businesses.
Topics: Faster Payments
On September 8th, Early Warning announced momentum within the Zelle Network® including the new Zelle App, which is available today in the App Store and Google Play!
Early Warning’s real-time peer to peer payments solution, is making huge traction in the marketplace. ZelleSM allows payments to be sent and received right from your mobile baking app using just a recipient’s mobile phone number or email address. Funds are available in the recipient’s U.S. bank account within minutes, in most instances.
From April 23-26 we'll be in attendance at PAYMENTS 2017, an event that aims to provide payments professionals with a unique forum to debate and explore pressing issues and opportunities in the financial world today. During the four-day conference, we’ll take part in a number of activities to showcase our proven financial technologies and highlight what we’re doing to create the future of payments.
Here’s what we have planned...
People have engaged in person-to-person (P2P) payments for centuries–beginning with the barter system, through the invention of money and checks, and in the digital age, in which funds can be exchanged electronically via online and mobile applications. The size of the U.S. P2P payments market is driving intense competition between financial institutions (FIs) and alternative P2P payment services. Many FIs now offer P2P payment services as part of their overall digital banking experience in an effort to remain at the center of the consumer’s financial life. Alternative P2P payment services offer innovative digital P2P payment experiences to attract consumers, build a strong customer base, and drive revenue through other value-added products and services. Although digital P2P payment capabilities have been around for at least a decade, they have been slower to take off with consumers than media coverage might suggest, and research reveals that the digital P2P payments business is the FIs’ to lose.
PaymentsSource has chosen Early Warning's Lou Anne Alexander as one of the 2017 Most Influential Women in Payments! Each year, PaymentsSource honors the women who are driving change by taking risks with new ideas and investments, and developing the technology that will forever change the way people handle money. Congratulations to Early Warning's group president of payments solutions, Lou Anne Alexander, for being included in this prestigious list.