<ul><li>A burst of announcements has pushed bank-to-bank transfers back onto corporate agendas, with various payment options gaining traction.</li><li>Glossary of terms: Pay by Bank allows merchants to pull money directly, A2A payments move money between deposit accounts, wire transfers are high-value irrevocable transfers, ACH is a batch network for payments, instant payments clear and settle in seconds, open banking requires banks to share data and initiate payments, VRP allows varying payment amounts, and P2P payments are consumer-to-consumer transfers.</li><li>Changes: Swift will phase out legacy MT messages by Nov. 22, 2025, ACH volumes are increasing, and FedNow Service is onboarding banks for real-time payments.</li><li>Key developments include Visa's enhancements to pay-by-bank for consumer trust, growth in VRP for commercial usage, and Zelle's success in consumer-to-consumer transfers in the U.S.</li></ul>

Glossary Cuts Through Jargon Surrounding A2A Payments

Discover more