Instant Payment Solutions

𝗪𝗲𝗿𝗼 – 𝗘𝘂𝗿𝗼𝗽𝗲’𝘀 𝗨𝗻𝗶𝗳𝗶𝗲𝗱 𝗠𝗼𝗯𝗶𝗹𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻 💳 Wero is a digital wallet, but it's so much more than that. It's Europe’s boldest step towards financial independence. Think of Wero as a homegrown, interoperable mobile payment solution built on top of real-time bank rails that's directly challenging the dominance of Apple Pay and Google Pay. Let's look at how it works 👇 𝗛𝗼𝘄 𝗪𝗲𝗿𝗼 𝗪𝗼𝗿𝗸𝘀 → #Wero runs on the SEPA Instant Credit Transfer protocol, an EU-regulated RTP rail that allows for instant bank-to-bank transfers in under 10 seconds. ▪️Funds are sent directly between linked bank accounts, no separate Wero balance is required. ▪️Users can initiate payments using familiar identifiers like a phone number or email. ▪️The wallet integrates with participating banks, which serve as the custodians and transaction processors. ▪️Wero is bank-led (via the European Payments Initiative), meaning no third-party tech giant controls the system. 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 𝗳𝗼𝗿 𝗠𝗼𝗯𝗶𝗹𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 → Wero is a turning point in Europe's digital payments strategy: 🔹It builds on the existing, regulated infrastructure, not a proprietary, closed-loop system. 🔹It allows for faster merchant settlement and reduced fees by eliminating intermediary schemes like Visa or Mastercard. 🔹The system enables seamless peer-to-peer and point-of-sale payments across multiple countries. 🔹It reflects a broader push for sovereign digital infrastructure that aligns with EU data and privacy standards. 𝗔 𝗗𝗶𝗿𝗲𝗰𝘁 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝘁𝗼 𝗔𝗽𝗽𝗹𝗲 𝗣𝗮𝘆 𝗮𝗻𝗱 𝗚𝗼𝗼𝗴𝗹𝗲 𝗣𝗮𝘆 → Wero is changing the competitive landscape: ▪️𝗡𝗼 𝗵𝗮𝗿𝗱𝘄𝗮𝗿𝗲 𝗹𝗼𝗰𝗸-𝗶𝗻 → Wero works across devices, sidestepping Apple’s NFC restrictions on iPhones. ▪️𝗟𝗼𝘄𝗲𝗿 𝗰𝗼𝘀𝘁𝘀 𝗳𝗼𝗿 𝗺𝗲𝗿𝗰𝗵𝗮𝗻𝘁𝘀 → With no tech intermediary or scheme fees, costs are significantly reduced. ▪️𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗮𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁 → Wero is fully compliant with GDPR and European banking regulations by design. ▪️𝗕𝗮𝗻𝗸-𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗲𝗱 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 → European banks reclaim control over digital payment flows, reversing years of disintermediation. 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝘁 𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀 → Instant settlement = improved cash flow → Lower transaction fees = better unit economics → Cross-border usability = reduced operational friction → Customer familiarity = tied to bank apps, not unfamiliar third-parties 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆-𝗪𝗶𝗱𝗲 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 → Wero’s launch can serve as an example of: 1️⃣ What happens when regulators and banks collaborate at scale. 2️⃣ How alternative networks can reduce dependency on U.S.-based payment schemes. 3️⃣ What the future of interoperability in payments across fragmented jurisdictions might look like Sources: European Payments Council (EPC), Checkout.com 🚨Follow Jason Heister for daily #Fintech and #Payments guides, technical breakdowns, and industry insights.

Marketplaces pushing 3-5 day withdrawal times are watching their sellers walk away. Our data shows when given the choice, up to 84.1% of sellers will pay extra fees just to get their money instantly. Between Q2 and Q4 2024, free standard settlement usage dropped from 33% to just 10.7%. Each day of settlement delay costs marketplace sellers revenue they could be reinvesting. A freelancer in Mexico completes work for a US client and waits days or weeks to get paid. Clients hate explaining delays; freelancers can't access their earnings, and everyone loses. We built Coinflow Labs to fix payment infrastructure problems. Our infrastructure connects to local payment networks globally, settles instantly, and lets users withdraw to their bank accounts right away through real-time payment rails. Fast payouts drive retention. Fancy features won’t count if users can't get their money when they need it. Takenos is in the process of rapid scaling through Coinflow. They do not have to wait days for international transfers to clear. Simple. Nothing about "correspondent bank processing" or "SWIFT delays." When you integrate instant settlement, platform behavior completely changes. Trust comes with speed. Marketplaces still running on 3-5 day delays are actively choosing to lose sellers and revenue. We've proven instant payouts drive exponential growth - the infrastructure to implement it is one API integration away. Users demand instant access to their money. Make it happen, or watch them go somewhere that will. Plug in the technology and see how it transforms your business.

Instant Pay: The Game-Changer for Staffing & Gig Workers in 2025 💰 The gig economy is soaring—projected to reach $1.2 trillion globally by 2027, with 59 million Americans freelancing (36% of the workforce). Yet, 49% of gig workers say delayed pay hurts their financial stability (Upwork, 2024). Traditional payroll’s weekly lags don’t cut it for nurses, drivers, or freelancers who need cash flow now. 🚀 At Everee, we’re revolutionizing payroll with instant payouts. Our embedded solutions let staffing agencies and gig platforms pay workers the moment a shift ends—76% of workers say this boosts loyalty (Paychex, 2024). In healthcare staffing, where 56,000 jobs were added in April 2024 (BLS), same-day pay is a talent magnet. Our Flex Suite slashes admin time by 40%, automates compliance across 50 states, and delivers detailed pay stubs in seconds. Why does this matter? Real-time pay isn’t just convenience—it’s a strategic edge. Companies offering flexible pay cycles see 33% higher retention (G2, 2024). Whether it’s a nurse covering a bill or a driver fueling up, instant pay builds trust and keeps workers coming back. 💡 What’s your view? How can payroll innovation reshape the staffing and gig industries? Share below or DM me to explore the future of pay! #PayrollRevolution #GigEconomy #EmbeddedPayroll

𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 (𝐑𝐓𝐏) vs. 𝐅𝐞𝐝𝐍𝐨𝐰 — Understanding the Instant Payment Revolution in the U.S. The U.S. payments landscape is undergoing a massive transformation with the introduction of 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 (RTP) and 𝐅𝐞𝐝𝐍𝐨𝐰 — two powerful systems enabling near-instantaneous transfers. Both networks are designed to bring speed, security, and efficiency to payments, but they differ in their infrastructure, features, and purpose. — 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐑𝐓𝐏? Real-Time Payments (RTP) is the first private instant payment network in the U.S., launched by The Clearing House in 2017. RTP operates as a 24/7/365 network. 𝐊𝐞𝐲 𝐚𝐭𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐬: ► Operated by The Clearing House, a private-sector entity. ► Offers end-to-end settlement, ensuring immediate transfer of funds. ► Includes Request for Payment (RfP), allowing businesses to send payment requests to customers ► Supports advanced capabilities like detailed remittance information for transaction transparency ► Validates liquidity before processing payments to ensure funds availability — 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐅𝐞𝐝𝐍𝐨𝐰? FedNow, launched by the 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 in 2023, is the public sector’s solution to instant payments. It aims to create an inclusive and accessible platform for financial institutions of all sizes. 𝐊𝐞𝐲 𝐚𝐭𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐬: ► Operated by the Federal Reserve, ensuring public accessibility. ► Designed to provide nationwide access to real-time payments, including for smaller banks and credit unions. ► Sends instant notifications to both senders and recipients ► Focuses on financial inclusion by simplifying onboarding for smaller FIs — 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐔𝐬𝐞 𝐂𝐚𝐬𝐞𝐬 𝐟𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: ► 𝐏𝐞𝐫𝐬𝐨𝐧 𝐭𝐨 𝐏𝐞𝐫𝐬𝐨𝐧 (P2P): Sending remittances to friends and family instantly ► 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐭𝐨 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 (G2C): Distributing subsidies, tax refunds, pensions, or unemployment benefits ► 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐨 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 (B2C): Disbursing refunds, legal settlements, insurance claims, or payroll ► 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐭𝐨 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 (C2B): Paying medical co-pays, utility bills, or retail purchases in real-time ► 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐨 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 (B2B): Processing supplier payments, invoice adjustments, and refunds ► 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐨 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 (B2G): Submitting taxes, registration fees, or campaign donations. — 𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞: RTP and FedNow are not competitors — they are collaborators in advancing the payments ecosystem. Together, they: ► Accelerate Payment Modernization ► Enhance Financial Inclusion ► Drive Innovation Instant Payments, alternatives to traditional card payments, are growing globally. It will take time but they are here to stay. —— Source: ACI Worldwide ► Sign up to 𝐓𝐡𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐁𝐫𝐞𝐰𝐬 ☕️: https://lnkd.in/g5cDhnjC  ► Marcel van Oost and Connecting the dots in payments...

What an incredible FedNow Townhall last week! Huge thanks to @Stephanie Miracle for shaping such an informed discussion and Michele Mihal and Jason Greenwood for sharing real-world success stories, as well as Dan Gonzalez & Mollie Markham for their insights on instant payments. Here are my takeaways if you’re a FI senior leader looking to streamline operations, enhance customer satisfaction, and stay competitive: * Start Small, Scale Fast. --> Pilot instant payments with a limited group (e.g., branch staff or specific business segments) to gather feedback and prove ROI. Then expand to broader channels like mobile/online banking. * Immediate Problem-Solving -->. Debit card compromised? No card for 7–10 days? Instant payment transfers let customers stay afloat without waiting for new cards. This real-time fix improves trust and loyalty. * Eliminate Escheatment Hassles --> Out-of-state members no longer need to wait on mailed checks. FedNow’s real-time Send keeps operations lean and prevents those dreaded stale checks and return-to-sender nightmares. * Payroll & Earned Wage Access --> Stay competitive in the fight for talent by offering same-day or on-demand pay. Instant wage access is quickly moving from a “nice-to-have” to an expectation. * 24/7 Availability—No Extra Staffing Required --> Real-time payments don’t mean you need a full team on the clock overnight. Automated alerts, risk controls, and set thresholds can keep things running safely in the off-hours. * Request-for-Payment “Utopia” --> FedNow’s upcoming feature will streamline invoicing and payment settlement, giving businesses and FIs a faster, more secure way to reconcile funds. Action Items for leaders at Financial Institutions: Action Items for COOs & CFOs: 1. Prioritize High-Impact Use Cases: Identify quick wins—like payroll, card compromises, or after-hours transactions— show your stakeholders the immediate ROI. 2. Communicate Early & Often: Educate both your team and your customers on how real-time payments work, emphasizing the convenience, security, and speed. 3. Leverage Partners & Industry Resources: You don’t have to navigate this alone. Collaborating with FedNow service providers & experienced consultants streamlines integration and reduces risk. 4. Embrace the Competitive Edge: Many businesses already require instant payment options. Being an early adopter sets you apart & helps retain loyal customers. By joining the FedNow (& RTP) network, you’re not just enhancing your operations; you’re also future-proofing your institution. The risk is lower than many think—especially with built-in tools like transaction thresholds and real-time authorization that keep everything secure. If you have questions or need guidance, I’m here to help you navigate this exciting evolution in payments. Let’s make it happen together! #FedNow #InstantPayments #PaymentsModernization #RealTimePayments #BankingInnovation #COO #CFO #FinancialServices #thefutureisnow #InstantPaymentsMaven

Open Banking + Fednow = The cool looking Instant payment in U.S Open banking in the U.S. is about secure, consent-driven access to: Customer accounts Balances Transaction history Payment initiation via APIs When integrated with FedNow: A third-party provider (TPP/Fintech) uses open APIs to initiate a payment request The actual funds move via FedNow rails, instantly and securely Imagine paying your utility bill in 5 seconds, directly from your bank account, no cards or delays involved. That’s the power of open banking APIs integrated with the FedNow real-time payment rail. Here’s how it works:  A user authorizes a bill pay app to access their bank account via secure open banking APIs (OAuth2.0).  The app initiates a payment — instantly settled via FedNow, 24/7/365.  Funds move from the user’s account to the utility’s bank account in real time.  Actors: Little bow peep: Wants to pay $120 to “Sheep Co.” Fintech App: Offers bill pay service with open banking integration TD Bank (Little bow peep's Bank): Holds user’s checking account First Citizen Bank (Sheep Co’s Bank): Receives payment via FedNow Payment Flow: Little bow peep Login & Consent Little bow peep logs into the bill pay app Selects “Pay from Bank” Authenticates via open banking API (OAuth2) App accesses Little bow peep's bank account details + balance Initiate Payment Little bow peep confirms payment: “Pay $120 now” The fintech app uses the FedNow-compatible open banking API to initiate the payment API Call to Little bow peep's Bank (TD Bank) Checks balance (via open banking) Validates recipient account (First Citizen Bank) FedNow Message Sent TD Bank initiates FedNow payment to First Citizen Bank Real-time settlement and irrevocable transfer occurs in seconds Confirmation The fintech app gets a confirmation from FedNow Little bow peep is notified: “Your payment of $120 to Sheep Co is complete” Benefits - Instant Payment-No 1-3 day ACH delay — bill is paid immediately. Improved UX- No need to log into the bank separately. Lower Cost-FedNow is cheaper than card rails or wire transfers. Secure- OAuth2-based API + FedNow’s secure messaging = safe flow. Data-Rich- Fintech can add invoice details and real-time payment status. Components Open API Aggregator (e.g., MX, Plaid)-Fetches account data with consent. FedNow Service Provider (e.g., Volante, Finzly)-Connects to FedNow rails. Banking-as-a-Service (e.g., Unit, Synctera)-Provides ledger, KYC, and wallet capabilities. Payment Orchestrator-Decides routing: FedNow vs ACH based on SLA/cost. #OpenBanking #FedNow #EmbeddedFinance

FedNow, the Federal Reserve System's instant payment rail, made real-time payments accessible to everyone in the US for the first time. The #FedNow Service, which launched just 2 years ago, gives financial institutions & other organizations a chance to offer businesses and #consumers instant payment solutions. In order for products that deliver the convenience of instant #payments to be successful, each stakeholder in the payments ecosystem must work together. Let's see who is involved and how FedNow flows from start to finish. --- What are the components of the payments ecosystem for FedNow that need to work together? 🏦 Financial Institutions: FIs will use the FedNow Service to build & offer instant payments to their customers, usually with solution provider support. Banks & credit unions fall under this category. 💳 Financial Institution Service Provider: They will enable financial institutions to offer an instant payment solution to customers like FedNow connectivity, transaction processing, etc. Payment hubs, processors, & core banking platforms. 💸 End-User Solution Provider: These providers work with FI partners to help build out and develop instant payment services that end-users can use. Think POS terminals & bill payment software. 🛒 End-User: End-users are the ones sending & receiving money. These are the business, consumers, government entities, and so on. --- So what's the flow look like? A consumer chooses to pay at a grocery store checkout with the merchant-offered 'pay-by-bank' solution, provided through an end-user solution provider that enables and facilitates access to FedNow. To a consumer, this would be a QR code that they could scan with an app that is connected to their bank account. Once scanned, the end-user solution provider sends a request for payment (RFP) to the grocery store's financial institution. That FI then uses its FI solution provider (a gateway) to convert the RFP to an ISO message, sending it to FedNow. Once validated ✅, #FedNow sends the RFP to the consumer's financial institution, who confirms its the correct account and receives the RFP. It then initiates the payment, which flows through the Fednow Service and then to the merchant FI. Finally, the merchant FI receives the payment and notifies the consumer FI, the merchant receives the transaction reference number (for easy reconciliation), and the consumer receives a notification from her FI that the payment was received. --- If FedNow is something a company is considering including, it's important to learn about how it works, strategize to see where it fits into an organization's business model, and collaborate with solution providers, like FreedomPay, or financial institutions to enable it. #FinTech #ecommerce #realtimepayments #merchants

Turning multi-day payment settlements into instant settlements sounds complicated—it isn’t. It’s executed with a simple infrastructure technique: Real-Time Settlement. A clear-cut example of this in use? Logistics. Shipping companies constantly tell us about one of their biggest headaches—executing traditional cross-border payments The delay in sending, receiving, and converting funds kills their cash flow for the next purchase cycle. alfred solves this bottleneck with real-time settlement. Payments that used to take a week now clear in minutes. These companies went from restricted cash flow and payment delays to having instant access to their money for the next purchase cycle. The conclusion: Instant payment settlement = Fluid cash flow