PYMNTS

OCTOBER 6, 2020

Customers can directly supervise cross-border payments by starting with one cross-border transaction or collecting payments into a single settlement with the FX settlement API. In June, news surfaced that HSBC Hong Kong ’s new API will streamline the payment system for companies down to a one-stop payment center.

Treasury

The Fintech Times

DECEMBER 19, 2023

By expanding Fintech Fast Track to include Visa Direct, fintechs can now launch programmes through their financial institutions to enable transfers to eligible cards, bank accounts, and wallets around the world. billion endpoints capability, including over three billion cards, three billion accounts and 2.5 billion digital wallets.

FinTech

Finovate

APRIL 16, 2024

Paystand brings full payments integration to Microsoft Business Central. Aurora Payments launches ARISE , a one-stop payment platform for small and medium businesses. Payments Deblock , a current account for both Euros and cryptocurrencies, partners with Numeral to manage its SEPA payments.

FinTech

Fintech Finance

DECEMBER 18, 2023

Visa Direct Expands Possibilities for Fintechs With the expansion of Fast Track to include Visa Direct, fintechs can now launch programs through their financial institutions to enable transfers to eligible cards, bank accounts, and wallets around the world. billion endpoints capability, including 3+ billion cards, 3+ billion accounts and 2.5+

FinTech

Finovate

SEPTEMBER 4, 2024

Jack Henry is teaming up with payments platform Moov to offer enhanced payment services to SMEs. The services will include the ability to accept payments with the tap of a phone, automate reconciliations to accounting software systems, and more. The companies will begin beta testing the new payment services by mid-2025.

Payment APIs and Integration

The Paypers

AUGUST 25, 2022

UK-based global fintech Unlimint has launched its Banking-as-a-Service (BaaS) product, Unlimint Banking and Cards (UBC), a one-stop payment accounts and card issuing and processing solution, according to ffnews.com.

Stop Payment

FICO

DECEMBER 1, 2020

Enterprise fraud management refers to programs that offer fraud protection capabilities across all customers, accounts, products, and channels – across the customer lifecycle. We stop payments fraud in real time across retail banking and consumer lending.

Financial Crimes

PYMNTS

JANUARY 24, 2020

We’ve been very forthright with the public, …” he said. “… we stopped payments to certain vendors as would be commonplace in the restructuring of a retailer. “Those emails are absolutely, real emails. We’ve never denied those emails.

Consulting

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. Doing so may require tapping into various data sources and integrating with data repositories to gain customer insights.

Money Laundering

FICO

JANUARY 22, 2020

Interestingly, nearly half of the respondents (46 percent) are currently only using 1 or 2 of these strategies , potentially leaving them more exposed to attack vectors such as identity theft, account takeovers, cyberattacks. Account takeovers were ranked second, with false accounts and money mules also rated as problems.

Real Time Payments

PYMNTS

JANUARY 3, 2019

USAA, which is headquartered in San Antonio, Texas, was accused of not properly honoring customers’ requests to stop payments on preauthorized electronic fund transfers. It also failed to start and complete reasonable error resolution investigations, the Bureau said.

CFPB

PYMNTS

MAY 29, 2020

The press release says some users have received “Stop Payment” notices on their accounts and have needed to take additional steps to access the money, if it was suspected there was fraudulent activity occurring. Michigan has reported 1.65

Identity Theft

PYMNTS

SEPTEMBER 17, 2018

There’s a lot of friction on the back-end in actually pushing those funds into accounts, particularly when they are large. When a customer’s basement floods and they need an $8,000 payment pushed to them, Edwards told Webster, the payment rails are pretty well-suited to get those funds into the receiver’s bank account.

Push-to-Card

PYMNTS

JANUARY 22, 2021

Westlake has already sent several million dollars over the RTP network during the pandemic, according to Westlake’s Director of Accounting Operations Raul Alvarez. As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place.

RTP

PYMNTS

OCTOBER 28, 2019

Discover Bank has announced that customers of its savings and money market accounts can now use the Zelle network for person-to-person (P2P) money transfers, according to a press release on Monday (Oct. Discover customers can enroll in Zelle using the Discover mobile app or the online account center.

Zelle

PYMNTS

NOVEMBER 4, 2019

Earlier this year , Discover announced it was going to make all deposit accounts fee-free. The company said in a release that customers with checking, savings, money market or CD accounts held with Discover Bank “can now rest easy” with the knowledge that fees will not accrue in the event of “an occasional oversight or pressing need.”.

Debit Card

PYMNTS

DECEMBER 15, 2017

With Assemble, Mastercard aims to give issuers a set of tools that will help them, well, assemble all of those functions into a single place, so that these account holders have a single view into their finances – with the goal of making prudent spending and saving decisions based on actual account data. So, why prepaid and not debit?

Visa

PYMNTS

AUGUST 18, 2016

As has been widely reported, that hack never reached the scale that was attempted, but thieves did indeed make off with $81 million from the Bangladesh account maintained at the Federal Reserve Bank of New York. The movement to become a bit more alert to security threats may have been triggered by the Feb.

SWIFT

PYMNTS

JULY 15, 2019

Earlier this year, another fleet payments company, Gas Pos , filed a lawsuit against industry leader FLEETCOR accusing the firm of anti-competitive practices and excessive fees.

Payer

Nanonets

MARCH 28, 2024

Ramp is a fast-growing spend management platform that provides modern corporate card and accounts payable solutions. Ramp automates receipt matching, integrates with other accounting software, and simplifies the spend management process. Accounting integration: Seamless syncing with QuickBooks, Xero, NetSuite, and more.

Payment APIs and Integration

FICO

NOVEMBER 16, 2022

The data from this survey revealed global trends, along with regional differences, that demonstrate the ongoing commitment that financial institutions have for finding and stopping payments fraud. For example, both customers and banks in EMEA are quite comfortable with more stringent account authentication requirements.

Fraud Prevention

PYMNTS

MARCH 29, 2016

But if the fraud rules don’t take into account the way good and bad guys attempt to purchase th ose items, merchants could be in for a world of hurt when it comes to their revenue streams. Subscription services, a popular and growing part of online retail, is also a trigger.

Cross-Border

PYMNTS

DECEMBER 11, 2020

Pornhub said the payments giants' decisions were “disappointing” since it had recently instituted new ways to stop the issue, including a ban on downloads and only letting verified user accounts upload content.

Visa

Payment Savvy

FEBRUARY 23, 2023

An ACH return means that the ACH failed to charge money from a customer’s account. There are two main ACH payment methods: direct deposits and direct payments: ACH direct deposits : Whenever you need to deposit your money to someone’s account, you can do it through ACH direct deposits.

ACH

PYMNTS

OCTOBER 5, 2019

Over the summer, Discover captured a lot of headlines and attention with the announcement that it was dropping the fees on all of its deposit accounts – including fees for insufficient funds and excessive withdrawals, as well as penalties for falling below minimum balances and making stop-payment requests.

Deposit Account

PYMNTS

JUNE 24, 2020

Brazil’s Central Bank Shuts Down WhatsApp Payments. Brazil’s central bank has suspended WhatsApp’s payment feature in the country, citing antitrust concerns. Mastercard and Visa have been requested to stop payments and money transfer services through the app in Brazil as well, the bank said.

Central Bank