FIS has launched its Money Movement Hub, an innovative payments solution that helps to simplify the back-end infrastructure of financial institutions by enabling them to connect to multiple payment networks and process payments in one place. Designed as a turnkey solution for a wide range of institutions – from super regional banks to community banks – the Money Movement Hub supports a modernized payments journey that can change with each client’s needs. The flexible, cloud-native platform is core agnostic and allows banks to start with the payment types they need today, then add new capabilities over time through a “pay-as-you-grow” model. It delivers unified and secure money movement experiences that can be embedded across a variety of customer channels, helping institutions meet digital demands quickly and efficiently. The FIS Money Movement Hub helps to harmonize the payments ecosystem within a financial institution by facilitating the integration of major payment networks within one solution, via a single API. As well as helping to reduce complexity for organizations, the solution can increase the accuracy of payments, improve liquidity, and help to quickly remediate security risks. This innovative payments hub responds to evolving consumer demands for faster and more efficient payments, as well as regulatory changes, and aims to transform financial institutions’ money movement capabilities. Features of the FIS Money Movement Hub: Unified Integration; Cloud Native; Built-in Fraud Controls.
MoneyGram launches API for embedding crypto on/off-ramp functionality enabling fast, compliant cash-to-crypto and crypto-to-cash integration through a single implementation
MoneyGram has launched MoneyGram Ramps, a developer-centric API that enables fast, compliant cash-to-crypto and crypto-to-cash integration through a single implementation. With just a few lines of code – wallets, exchanges and fintech apps can instantly access the MoneyGram global cash network, making it easier than ever to embed crypto on/off-ramp functionality at scale. Built for speed, MoneyGram Ramps equips developers with tools to get started in minutes: No banking integrations required; Instant API credentials and sandbox access; Comprehensive documentation and SDKs; Live onboarding. Powered by the Stellar blockchain, Circle’s USDC and MoneyGram’s global network, MoneyGram Ramps bridges physical and digital currencies, enabling movement between cash and crypto and expanding access to the digital economy. With MoneyGram Ramps, developers can easily offer users – even those without a bank account – the ability to deposit or withdraw cash at thousands of participating MoneyGram locations worldwide. “With this launch, MoneyGram is quickly becoming the connective tissue between traditional finance and the digital economy,” said Anthony Soohoo, MoneyGram Chief Executive Officer. “We’ve taken the complexity out of integration, opening the door to seamless connection with the world’s largest cash on/off-ramp for digital wallets1.”
U.S. Bank opines RfP offers the promise to drive increased instant payment adoption in the US by enhancing payer security through bank-driven authentication, and reduces risk for RfP senders by eliminating returns for unauthorised or insufficient funds compared to traditional debits
What RTP and FedNow have achieved mark significant inflection points in US payments infrastructure. After the ISO 20022 deadline in November 2025, faster payments rails will be smoother with straight-through-processing (STP), streamlined reporting and compliance, and potential for enhanced interoperability. The future of US digital payments must include automated reconciliation, STP, and arguably most importantly, request for payment (RfP) if firms want to remain competitive. The RfP message type could turn real-time payments into bi-directional, eventdriven workflows that are useful for just-in-time billing for utilities for instance, or consumer initiated B2B payments through a QR code, for example. In conversation with Finextra, a representative from U.S. Bank indicated that RfP “has the promise to drive increased instant payment adoption in the US.” Returning to the point around data, they elucidated on how RfP allows businesses to send data-rich digital requests through the receiver’s bank. This initiates an immediate payment, at any time of day, any day. U.S. Bank’s view is that “RfP improves customer experiences by enhancing payer security through bank-driven authentication, and reduces risk for RfP senders by eliminating returns for unauthorised or insufficient funds compared to traditional debits.”
PingPong payments will harness Trulioo’s advanced Business Verification and Watchlist screening, refreshed every 15 mins, to quickly verify entities worldwide
Trulioo, a leading identity platform, has partnered with PingPong, a global provider of cross-border embedded payment solutions. The partnership aims to minimize manual onboarding and deliver fast, compliant payment experiences worldwide. PingPong, with over $250 billion in transaction volume and 32 offices worldwide, is at the forefront of the global payments sector. As cross-border payments grow at an expected 5.9% CAGR to reach $50tn USD by 2032, businesses face hurdles such as country-specific regulations, fraud risks, and onboarding expectations. Trulioo’s Business Verification and Watchlist Screening technology will help PingPong automate verification processes across regions, meeting rigorous Know Your Business (KYB) and Anti-Money Laundering (AML) compliance standards. Trulioo Business Verification can verify more than 700 million business entities through an integrated global data network that’s refreshed every 15 minutes. Its flexible, real-time verification capabilities are tailored to meet KYB and AML compliance requirements across diverse markets and provide a holistic view of businesses and their ultimate beneficial owners.
Alacriti’s next-gen ACH solution provides a unified payments infrastructure to process wires and real-time payments through multiple rails while allowing configurable exception handling, posting and settlement
Alacriti has launched its enhanced version of Orbipay Payments Hub for ACH, bringing automation-first design and intelligent processing to the ACH payment lifecycle. By incorporating automation, intelligent routing, and real-time insights, Orbipay Payments Hub for ACH helps financial institutions reduce processing costs, improve transaction accuracy, and enhance customer experiences while maintaining compliance with Nacha operating rules and regulatory standards. This modern ACH processing solution provides seamless integration with the Federal Reserve’s clearing systems, supporting a full range of ACH transactions, including consumer payments, corporate disbursements, bill payments, and Same Day ACH. Designed with advanced automation, configurable exception handling, and embedded compliance tools, Orbipay Payments Hub for ACH helps financial institutions modernize operations and gain full visibility of their ACH performance while keeping their existing core banking systems or without changing their other existing systems. Beyond ACH, Orbipay Payments Hub provides a unified payments infrastructure to process wires and real-time payments through the RTP® network, the FedNow Service, and Visa Direct. By bringing these payment rails together under a single platform, financial institutions can optimize, report, and manage their operations today while preparing for future payment innovations. Key Features and Benefits of Orbipay Payments Hub for ACH: Automated exception handling, Seamless ecosystem integration, Configurable posting and settlement , Advanced fraud prevention and compliance, and Unified reporting and analytics.
The U.S. Faster Payments Council is advocating for the use of email address and phone number identifiers via a shared, open digital directory to increase adoption of real-time payments and ensure interoperability
The U.S. Faster Payments Council advocated for the use of email address and phone number identifiers via a shared, open digital directory in a report this month as a way to increase adoption of real-time payments in the U.S. The council used a consumer bill payment example to show how an open directory could streamline and speed up the adoption of real-time payments in the U.S., explaining that existing closed loop directories aren’t inoperable and therefore hinder broader instant payment use. “As instant payments adoption continues to grow, financial institutions, fintechs, and payment service providers face challenges in managing account information, ensuring interoperability, and mitigating fraud risks,” the council said in an April 7 press release regarding the report. “Directory services play a key role in addressing these challenges by enabling seamless routing of payments and protecting sensitive payment credentials.” The Federal Reserve launched a real-time payments system called FedNow in 2023 and it competes with a private system called RTP that was started in 2017 by The Clearing House, which is owned by major banks. Both systems operate through banks. The U.S. has lagged other countries, such as India and Brazil, in cultivating use of such faster payment systems.
Bilt Rewards partners with Southwest Airlines to enable members to turn points earned from housing payments into points that can be used to make flight bookings
Bilt Rewards has partnered with Southwest Airlines to enable Bilt members to turn points earned from housing payments into points that can be used to book flights. Bilt members can convert their Bilt Points into Southwest Rapid Rewards points at a 1-to-1 ratio. Bilt Points are earned each time members pay their rent on time through Bilt. “Now, your housing payment that was once just a monthly expense can unlock travel experiences with one of America’s most popular airlines, giving our members access to more destinations across the U.S. and beyond,” Bilt Founder and CEO Ankur Jain said. Bilt and Southwest plan to add exclusive promotions and enhanced capabilities for their customers as their new partnership evolves. Jonathan Clarkson, vice president and chief product officer at Southwest Airlines, said that the collaboration “allows Southwest to connect with a unique audience of renters and homeowners across the United States while offering them the opportunity to use their Bilt Points to fly Southwest.” Bilt Points can now be used toward travel across over 100 airlines and hotel partners, fitness classes at boutique studios, art and home decor through the Bilt Home Design Collection, rent credits, future down payments on a home, or eligible student loans.
US banks are bracing for a 23% increase in instant payments volumes over the next three years driven by RTP and FedNow’s rising transaction limits
New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. banks. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect. The results suggest larger transaction limits are helping to boost instant payment demand. Nearly half (47%) of US banks now experience overwhelming corporate demand, more than triple the 16% from 2024. Banks are now bracing for a 23% increase in instant payments volumes over the next three years. 12% expect that surge to top 50%. 88% believe that instant payments will directly benefit their bottom lines, with 45% anticipating a major boost. The report also reveals significant concerns around fraud. With adoption on the rise, 85% of banks expect fraud to rise, and 36% predict a sharp uptick. In response, 96% of US banks back the implementation of a ‘confirmation of payee’ scheme to protect against fraud. Other fraud-fighting measures like AI (40%), real-time fraud detection (39%), and multi-factor authentication (35%) are also gaining traction. Other US banks lead instant payments race – 81% of US banks believe they are leading the way on instant payments compared with the rest of the world, with 42% saying it’s a significant lead. Only 4% feel they are behind but have the potential to catch up.
Accounting platform Paperchase integrates Weavr’s embedded payment solution to enable accounts payables and cloud accounting software to execute payments within a single workflow and allow near-instant transfers
Weavr, a provider of embedded finance solutions, has partnered with global accounting leader Paperchase to integrate its Embedded Payment Run (EPR) solution into Paperchase’s platform. This first-of-its-kind solution is designed to eliminate the pain of Accounts Payable (AP) processes and boost efficiency. EPR enables AP and cloud accounting software to execute payments within a single workflow – without users ever needing to leave the application. Traditional AP systems often delay supplier payments by up to three days after invoice approval. EPR changes this by leveraging UK Faster Payments to enable near-instant transfers once payment is instructed. By automating data handling and connecting every step – from invoice approval to payment execution – into a single, embedded workflow, EPR significantly reduces manual work, errors, and the risk of fraud. Delivered as a developer toolkit, EPR gives AP software providers everything needed to support real payment execution within their own applications. For bulk payments, this includes onboarding business customers, managing approval flows, and initiating payments – entirely within a seamless user experience. By removing the need for SaaS platforms like Paperchase to integrate with multiple third-party fintech providers, EPR streamlines implementation while also creating new revenue opportunities through features such as payment cards and embedded lending. With Weavr’s open banking solution being compliant with financial regulation, Weavr’s faster payment options saves time and prevent errors with AP and vendor payments. The FPS process backed by Weavr open banking APIs eliminates the need for manual payment uploading and prevents human error.
VoPay’s solution enables banks and SaaS platforms to offer full-stack embedded real-time cross border payments by using APIs, white-label deployment or through no-code services
Embedded financial technology provider VoPay has announced the launch of its new Cross-Border Payments-As-A-Service solution. The white-label technology will enable organisations to move money around the world with full transparency, compliance, and real-time FX. In addition, being built for software platforms and financial institutions, the product will allow firms to benefit from its features without the need to build their own cross-border infrastructure. With this solution, partners and collaborators will have the possibility to expand into global markets and deliver a secure cross-border payment offering. VoPay will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well. In addition, VoPay’s solution is purpose-built to serve vertical SaaS platforms, digital marketplaces, and ERP providers, as well as payroll platforms and financial institutions that are looking to unlock new revenue from international money movement. Included in its key capabilities are a full-stack embedded payments, real-time FX engine, compliance by design, end-to-end orchestration, white-label flexibility, and speed to market features. Software platforms and FIs can launch Cross-Border Payments in a way that fits their business model. This includes the possibility to embed the experience directly into their platform using branded UI components and developer-first APIs, launch a Turnkey Solution using VoPay’s white-label deployment model, or access no-code services from the company’s dashboard with full functionality–zero development needed.