Since TCH’s launch of its RTP® network in 2017, the first new payments network in 40 years, adoption has been steady, but slower than it should be for a variety of reasons, including uncertainties [...]
In May 2023, BAI-hosted a panel discussion where Reed Luhanten, Executive Director at the U.S. Faster Payments Council (FPC), Keith Gray, Vice President, Strategic Partnerships at The Clearing House, and Mark Majeske, SVP Faster [...]
In today's rapidly evolving financial landscape, the adoption of real-time payments (RTP) has become increasingly crucial for banks and credit unions. The RTP market size was valued at 17.57 billion in 2022 and is [...]
As the financial sector continues to evolve, modern fintech solutions, such as Electronic Bill Presentment and Payment (EBPP) systems, have emerged as game-changers. They streamline billing and payment processes, offering significant convenience for consumers and [...]
Though TCH’s RTP network has been available since 2017, the U.S. is a relative neophyte in the global market. Despite having the largest economy in the world, the U.S. doesn’t even [...]
Bill pay is an essential feature for credit unions, but it is often not given the attention it deserves. Modernizing the user experience involves enhancing the visibility and accessibility of bill pay on digital platforms, [...]
The FedNow® Service, the first new payment rail introduced into the Federal Reserve system in over 40 years, is launching this summer. However, there remains a considerable amount of misinformation and misconceptions surrounding this new [...]
Bill pay is an essential feature for credit unions, but it is often not given the attention it deserves. Modernizing the user experience involves enhancing the visibility and accessibility of bill pay on digital platforms, [...]
CUInsight Publisher & CEO Lauren Culp is joined by Mark Majeske (mark.majeske@alacriti.com), SVP of Faster Payments at Alacriti for a quick interview with just 3 questions about the FedNow Service… Three questions: ([...]
As customers become more tech-savvy and demanding, their higher expectations extend to when they go to work and represent their businesses. This has become especially true in recent years, as the pandemic created more pressure [...]
What is FedNow? The Federal Reserve is revolutionizing the payments landscape with its FedNowSM service, providing seamless and real-time transactions for financial institutions and their customers. This instant payments service is designed for uninterrupted 24/[...]
In today's rapidly evolving financial landscape, businesses are constantly seeking innovative solutions to streamline their operations and improve customer experiences. One solution that has gained significant traction is faster payments. Faster payments, especially instant payments, [...]
There are quite a few benefits of offering EBPP for a biller versus just having members mail checks or using online banking bill pay. Stuart Bain, Senior Vice President at Alacriti, was recently interviewed for [...]
Bill pay is an important part of attracting and retaining members. Almost half of consumers have stated that online bill pay is the reason for choosing a primary financial service provider. Bill pay is quickly [...]
In a recent webinar, we invited financial institutions to take a survey to reveal their concerns about fraud and real-time payments. Here are the results:
