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Visa , a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S. bank accounts will be available within 1 minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1.
Fast and convenient withdrawals: Wise customers in the Philippines moving funds from their Wise account to their local banks or e-wallets will see the money arriving in under 20 seconds. That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021.
It also allows the company to hold safeguarded client funds in the UK and connect directly to local clearing systems, including FasterPayments and CHAPS. Initial UK rollouts include GBP-denominated accounts and FasterPayments access.
Today, the Payment Systems Regulator (PSR ), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP).
Orum , which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S. customers real-time1 fund transfers to and from bank accounts via debit card with its Deliver API solution, powered by Visa Direct.
Founded by the former management team of the UK FasterPayments scheme, Ordo is an FCA authorised open banking payments innovator and one of the very first to be licensed as such in the UK. Ordo delivers a wide range of payments and data services including variable recurring payments and is an official crown services supplier.
With Adyen, Intuit Quickbooks customers will enjoy a wider choice of payment options, and SMBs will receive their funds fast thanks to Adyen’s UK banking license and direct connection to the real-time payment rails FasterPayments Services (FPS). billion annually.
Growth Trends : Despite the rise of alternative payment methods, credit card transactions continue to grow in sectors like travel, accounting for 60% of all travel bookings globally. Popular Providers : PayPal, Alipay, and Apple Pay lead the market, with PayPal alone reporting over 430 million active accounts worldwide as of 2023.
Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU.
Bank payment company GoCardless is partnering with iplicit , a cloud accounting software platform purpose-built for the UK mid-market, to enable fasterpayment methods for its customers. Through the collaboration, GoCardless can offer its open banking-powered Instant Bank Pay (IBP) directly within the iplicit platform.
The PSR Annual Report shows that the UK has made progress in regulating payments over the past year. The Payment Systems Regulator (PSR) says that it has made progress in fighting APP fraud, making fasterpayments more available, and making card fees more clear.
As small and medium-size businesses are increasingly turning to non-banking cost-efficient payments solutions, Guavapay is at the forefront of providing solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.
As of June 2024, China maintains its leadership in digital wallet adoption, with over 88% of mobile internet users approximately 969 million individuals engaging in mobile payments. Back in 2023, digital wallets accounted for 82% of China’s e-commerce spending and 66% of physical purchases, totalling around US$7.6
With its new EMI licence, Finmo can now issue electronic money and offer a range of new payment services, including account issuance, domestic and cross-border fund transfers, and foreign exchange transactions. Finmo also plans to expand its UK-based compliance and operations team to support these efforts.
Through this collaboration, Airwallex will leverage ClearBank’s agency banking solution to enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality. ClearBank has enabled the global fintech to issue virtual accounts and IBANs under its own brand identity.
This is made possible by setting up e-money accounts that are integrated with and utilise payment schemes such as FasterPayments and SEPA. Firstly, they can easily manage funds while ensuring their compliance and protection at all times.
According to the Worldwide Retail Ecommerce Forecast 2024 by eMarketer, eCommerce will account for 21.0% But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game. This requires the merchant to become a registered payment facilitator or PayFac.
This integration makes Dext’s accounting automation platform better by letting Airwallex’s global infrastructure handle fast, safe, and cost-efficient payments. It gives businesses and their advisors clarity, control and confidence over how money moves, whether paying suppliers or getting paid faster by customers.
Simplicityhassle-free one-time passcode Another major advantage for customers is that they no longer need to remember account numbers or passwords to make online payments. Once the issuing bank gives the go-ahead, the payment services provider will facilitate the transfer of funds from the customers account to a merchant account.
ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico , a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions. Additionally, Banfico is a Pay.UK-certified
Medius , a leading provider of Accounts Payable (AP) automation and spend management solutions, has announced the launch of Medius Payments, an embedded payment solution that enables finance teams to securely approve and execute payments, all within one unified accounts payable platform.
It operates out of New Zealand and has vehicle pick-up locations in over 45 countries, with a particularly strong market presence in Australia, where it has now integrated Volt via payment infrastructure provider Optty. PayTo is a real-time payment system developed by Australia’s New Payments Platform in 2022.
.” Key Features and Benefits Increased efficiency: The platform automates and streamlines the processing and reconciliation of high volumes of payments, reducing manual work for suppliers’ finance teams and lowering operational costs. Many SMBs still use paper-based payments, which are slow and prone to delays.
The company’s entry into the market is intended to provide businesses with more competitive foreign exchange rates and fasterpayment processing, particularly beneficial for the growing SaaS and export sectors.
now provides businesses with seamless access to all major UK payment schemes – FasterPayments, BACS, and CHAPS – enabling real-time transactions in GBP. ’s Business Accounts offering, reinforcing its commitment to helping UK businesses stay ahead in an evolving payments landscape.
Leading global fintech Airwallex today announced that it now enables businesses to receive and hold funds in Israeli Shekels (ILS) through its Global Accounts and multi-currency wallet. The new offering enables Israeli and global Airwallex customers to open accounts, facilitating seamless transactions in ILS via the Israeli payment network.
The Sage 100 system provides comprehensive tools for accounting, financial management, inventory control, manufacturing, and distribution. A reliable Sage 100 integration will be user-friendly and effortlessly compatible to provide merchants with robust functionality and features to securely process payments while managing business finances.
has reached a real-time tipping point 0 09 June 2025 1 comment Anand Vaidya Principal Solutions Consultant Icon Solutions Location Wimbledon Followers 0 Opinions 3 Follow Unfollow The need for speed, convenience and certainty is driving demand for fasterpayment services in the U.S. year-over-year in the first quarter of 2025 [1].
Together, software, banking and retail account for 38% of the global AI spend. These real implementations in 2024–2025 demonstrate tangible benefits, such as faster customer service, increased financial security, more inclusive products and higher customer satisfaction across the banking industry.
Home Announcements Payments Dext and Airwallex introduce cross-border payment routing and accounting for SMEs External This content is provided by an external author without editing by Finextra. Commenting on the partnership, Sabby Gill, CEO of Dext, said “Airwallex stood out as the ideal partner to power Dext Payments.
This difference in regulatory architecture is one reason criminals may favour EMIs for faster, less scrutinised access to financial systems. Synthetic and stolen identity fraud : Used to open multiple EMI accounts for use in authorised push payment (APP) scams and drug-related activity.
In addition, online payments will sit alongside existing FX, global accounts and company and employee cards. Airwallex is set to disrupt the market by offering lower costs, competitive FX rates, and fasterpayments critical advantages for businesses operating globally, particularly in New Zealands high-growth SaaS and export sectors.
By partnering with non-custodial wallet providers, MoonPay is also looking to ensure that users maintain complete control and ownership of their crypto assets, by lowering the risk of account freezes or hacks often experienced on centralised platforms.
This optimizes payment execution efficiency across multiple banking partners for Swift, SEPA, and UK FasterPayments. Second, Argentex will leverage advanced reconciliation capabilities to ensure accurate financial record-keeping and operational accuracy of both cross-border payments and associated FX trades.
In recent years, Real-Time Payments (RTP) have seen a rapid rise in use among individuals and businesses across Asia Pacific, allowing transactions to be settled between accounts at different financial institutions within secondssomething which in the past often took a matter of days.
In addition, online payments will sit alongside existing FX, global accounts and company and employee cards. By offering streamlined international payments, global accounts, and competitive FX rates, Airwallex is positioning itself as a vital partner for the country’s burgeoning startup ecosystem.
Fasterpayments and faster fraud As new payment use cases and systems emerge, they naturally introduce new fraud risks. For instance, decreasing authorized push payment (APP) fraud is still a key priority for the UKs Payment Systems Regulator (PSR) in 2025.
The bank holds the account, processes the funds, and clears the transaction. Central bank systems such as the UKs FasterPayments or the USs Fedwire rely on banks to distribute access. Banks Power: A New Era of Accountability The power banks hold also brings responsibility. Banks still hold enormous power.
Ease of integration: Virtual terminals can integrate with accounting, enterprise resource planning (ERP), customer relationship management (CRM), and online shopping cart systems to streamline workflows and simplify transaction management.
Automation and artificial intelligence (AI) are transforming accounts receivable (AR) and B2B trade credit management by replacing manual, error-prone processes with intelligent, AI-driven tools. Credit decision-making, collections, cash application, deductions, and communications are greatly enhanced by AI-powered AR automation.
.” As small and medium-sized businesses increasingly turn to non-banking cost-efficient payment solutions, Guavapay aims to provide solutions that meet the evolving needs of global businesses with real-time, affordable fund transfer, multi-currency accounts and advanced payment APIs.
The figures are compelling: a record 31 million Open Banking payments were processed in a single month (March 2025), representing nearly 8% of all FasterPayments. This includes players offering advanced account aggregation tools, real-time cash flow analytics, credit access platforms, and embedded payment solutions.
Key benefits of Edenred Payment Solutions Virtual Cards in Insurance: Easy Funds Management: e-money accounts are set up for insurers and seamlessly integrated with payment schemes such as FasterPayments and SEPA.
8 common features of enterprise merchant services Merchant accounts are specific types of bank accounts that allow enterprise merchants to accept credit, debit, Automated Clearing House (ACH)/eCheck, and other payments. This account holds funds from sales until they’re deposited into a business’s primary bank account.
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