PYMNTS

FEBRUARY 6, 2019

Mastercard has named Paul Stoddart its new president of New Payment Platforms. Stoddart, who begins his new position on March 1, will oversee the development and integration of the company’s real-time payments capabilities beyond card-based solutions, including Vocalink account-based payments, the Homesend joint venture and Mastercard Send.

Visa 76

Visa Real Time Payments Cross-Border Payments Cross-Border 76

Payments Source

FEBRUARY 14, 2018

Today: Bank-supported real-time payments take shape in Australia; Fintech investment soars in the U.S.; New bitcoin ATMs; Dbrain pays AI developers in cryptocurrency. The information you need to start your day, from PaymentsSource and around the Web.

Real Time Payments 63

Real Time Payments ATM Bitcoin Cryptocurrency 63

FICO

DECEMBER 18, 2017

I suspect that in the budget airline industry they’ll find inventive new ways to add charges, but the high street merchants I’ve spoken to have indicated that they’ll just stop taking card payments for low-value transactions and direct their customers to the nearest ATM. There are no chargebacks.

Transactions 79

Transactions Real Time Payments Debit Card Online and Mobile Banking 79

The Fintech Times

NOVEMBER 7, 2024

In fact, in 2016, only one-third of the population had access to a bank branch and less than half of the entire population had access to an ATM outside of Male. In October, Maldives President Mohamed Muizzu took “necessary steps” to introduce India’s Unified Payments Interface (UPI).

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

PYMNTS

OCTOBER 18, 2016

Ingo Money’s push payments technology enables banks, financial services providers and companies to move money instantly between businesses and people in mobile, online, ATM and retail channels with a single API integration, the companies said in a press release. ”

P2P 71

P2P Push-to-Card Payment APIs and Integration Online and Mobile Banking 71

PYMNTS

AUGUST 15, 2019

s real-time and batch payments, direct debit bill pay systems, and the country’s network of nearly 70,000 ATMs. Dobbie will also join the Management Committee of Mastercard’s New Payment Platforms (NPP) business unit offering a full range of B2B payment services in the account-to-account space.

B2B 68

B2B Real Time Payments Payments ATM 68

PYMNTS

FEBRUARY 11, 2019

However, the industry is evolving — quickly — to embrace speed, and it is expected for there to be as many as 56 real-time payment schemes live or underway by the end of next year.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

APRIL 18, 2019

We helped them send money home through 30,000 ATM machines. The bank is using xCurrent to help with real-time remittance payments between Japan and Thailand, with withdrawal at ATMs, avoiding cash retrieval with agents. Beyond that, people ask, ‘OK, besides Thailand, what can we do?’

Cross-Border 77

Cross-Border Cross-Border Payments SWIFT Authentication 77

PYMNTS

MARCH 19, 2019

Bad actors can utilize ATOs and application fraud to take advantage of real-time payments rails and access stolen funds. Understanding Real-Time Payments Changes. Disbursement speeds are likely to increase significantly as countries around the globe launch real-time payments systems.

Faster Payments 56

Faster Payments Real Time Payments Zelle P2P 56

Fintech Finance

MARCH 7, 2024

Kiwibank has successfully gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments. The Reserve Bank of New Zealand has urged local banks to pick up the pace in New Zealand’s journey towards real-time payments.

Real Time Payments 52

Real Time Payments Payments APACS ATM 52

FICO

MARCH 30, 2023

Because of the rapid shifts in consumer behavior, the trusty ATM is becoming hard to find in the wild. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. As banks close branches, even more ATMs are going with them. With fewer ATMs, the availability of cash is decreasing.

Scams 52

Scams Real Time Payments ATM Push-to-Card 52

PYMNTS

JUNE 3, 2020

The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday. I expect that there will be action on this issue more quickly now,” she said.

Central Bank 52

Central Bank Regulations Debit Card ATM 52

PYMNTS

AUGUST 9, 2018

providing payment services, credit card issuing, prepaid card and ATM services as well as debit card processing. It also provides support for more than 34,000 ATMs around the U.S. and more than 13 million ATM and debit cards. Last year, Fiserv acquired Dovetail , a payments software company, noted the report.

Debit Card 45

Debit Card ATM Fraud Prevention Credit Cards 45

PYMNTS

NOVEMBER 8, 2018

It’s our opinion that all banks and other credit institutions that offer payment accounts shall be obliged to handle cash.” Bankomat, which is a Swedish ATM provider, said that the committee examining the proposal should give the central bank responsibility for overseeing the presence of cash across Sweden, including infrastructure concerns.

SWIFT 81

SWIFT Central Bank Cross-Border Real Time Payments 81

PYMNTS

JANUARY 6, 2021

And they're used basically once with an ATM to withdraw" funds, said Diaz. As for the opportunity that lies ahead for digital transactions and the use of CoDi in particular: Diaz said that of the 37 million people who have bank accounts, many were not using those accounts all that often. Basically, they were using the accounts twice a month.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

PYMNTS

MARCH 7, 2019

That all changed when he offered real-time payments for wages earned — reducing corporate costs, along with acquiring and retaining workers. That prepaid card, the companies said, is accepted at merchants that accept Visa debit cards, and can be accessed at ATMs and points of sale.

Payroll 80

Payroll Push-to-Card Debit Card Economy 80

PYMNTS

JANUARY 21, 2019

The Tracker found that some 74 percent of business executives cited a lack of interoperability as a major inhibitor to their real-time payments adoption, along with the operational and process challenges that come with ”living in a world where money moves that fast.”. The second group, he noted, is much larger than the first.

Instant Payments 74

Instant Payments Debit Card Payments ATM 74

PYMNTS

DECEMBER 26, 2019

Furthermore, the lines between financial services, FinTech firms, payment providers and even open-source communities continue to blur as collaboration takes shape. That’s just one example of how the open-source movement could help change payments in the coming years.

ATM 53

ATM Payments Fraud Prevention Fed 53

PYMNTS

MAY 12, 2020

Dayforce Wallet leverages the Dayforce platform’s continuous calculation capabilities to deliver an accurate, on-demand payment, instead of an approximation of earnings. There are no direct fees to employees or employers.

Payroll 108

Payroll On-Demand Direct Deposit Process 108

PYMNTS

MAY 3, 2019

is still working on adopting EMV-based cards, with only 70 percent of storefronts now EMV ready, for instance, while India mandated nationwide EMV adoption at banks and ATMs as of Dec. These systems aren’t just changing how migrant workers look at payments, however. 31, 2018. .

Faster Payments 78

Faster Payments EMV Payments Push-to-Card 78

Stax

JULY 9, 2024

EFT transactions also include ATM withdrawals using debit cards with a personal identification number (PIN). Many cash-only businesses have an ATM onsite, given how ubiquitous debit cards are. To accept card payments, you’ll need a trusted payment processor to provide the hardware and software needed to process the transactions.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Fintech Finance

MARCH 28, 2024

QNB Group , the largest financial institution in the Middle East and Africa, has launched “FAWRAN”, a new payment method that will provide customers a unique payment experience through an innovative technology to make quick and secure payments to anyone in Qatar by using the Beneficiary’s Mobile Number or Alias.

Payments 52

Payments Central Bank Mobile Banking Real Time Payments 52

PYMNTS

MARCH 2, 2020

Employers disburse all or some of employees’ wages onto the cards, and the funds can immediately be withdrawn at ATMs or used to make payments. Users might be charged fees for transactions like checking balances at ATMs, making withdrawals from out-of-network ATMs or receiving paper statements. rose from 3.1

Payroll 52

Payroll Direct Deposit ATM Checks 52

FICO

MAY 1, 2020

Recurring payments. ATM withdrawals. For example, you might want to put an alert on your checking account that sends a text notification every time a payment greater than $200 is initiated. In this way, account notifications can keep you apprised of P2P and all payment activity, to help protect your checking account.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

FICO

MARCH 25, 2021

FICO offers industry-leading capabilities for stopping real-time payments fraud , detecting CNP fraud faster in the credit card channel, and stopping mobile payments fraud by gaining a 360-degree view into customer activity, to name just a few. . Bigger Is Better.

Innovation 52

Innovation Financial Crimes Compromise Fraud Detection 52

PYMNTS

SEPTEMBER 15, 2017

The service, the companies said, is intended to serve the migrant populations living in these markets by offering them access to real-time payments and remittance services. Beauty Tools to Untangle the Payments Web. Data Dive: Remote Deposit Technology.

Checks 55

Checks Cross-Border Payments Tools Real Time Payments 55

PYMNTS

JUNE 2, 2020

The DBS RAPID (Real Time APIs by DBS) system will work with the National Payments Corporation of India ( NPCI ) and UPI payments to integrate with the company’s enterprise resource planning (ERP) system to allow truck drivers to receive instant credits in their bank accounts, which they can use at ATMs, according to the release.

Instant Payments 57

Instant Payments Payment APIs and Integration Online and Mobile Banking API 57

PYMNTS

JUNE 4, 2020

On that count, the Tracker spotlights WSFS Bank and its contactless ATMs that use QR codes in place of button-pushing, as well as the handy myWSFS mobile messaging service. Sixty-three percent of consumers say they’re more inclined to try digital apps — a call for banks to offer more and better mobile-enabled services.”.

Digital Payments 52

Digital Payments Online and Mobile Banking Payments Push-to-Card 52

PYMNTS

JANUARY 27, 2020

Square made a big — and crypto-friendly — jump forward on real-time payment (RTP) efforts. The fee-free account offers features that include high-yielding interest, reimbursements from ATMs, smartphone-enabled check deposits and peer-to-peer (P2P) functionality.

Visa 52

Visa RTP Payment APIs and Integration Bitcoin 52

Fintech News

MARCH 6, 2024

The bank uses analytics on real-time payments data and risk-management systems to analyse more than 3,000 variables when issuing loans. which operates 7-Eleven convenience stores, it also operates around 20,000 ATMs nationwide, with plans to introduce Japan’s first facial recognition ATM service by March 2024.

Online and Mobile Banking 135

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

Finance Magnates

MARCH 26, 2023

Take money from your PayPal and credit it to your ATM card. Take money from ATM card to credit to your Visa card, Take money from your Bank and credit the money to Micro-Wallet payment company. FINANCIAL ROUTERS/ROUTING: More companies will prop up providing financial routing services.

Cross-Border 52

Cross-Border Suspicious Activity Report (SAR) Money Laundering SARS 52

FICO

JULY 17, 2018

Instead, they rely on generic behavior models that must learn to identify patterns of fraud slowly over time, based on relatively few cases. She is attempting to withdraw the equivalent of $300 US from an ATM in Seoul. Consider this example: A 42-year-old woman from Sacramento, CA, is a frequent domestic traveler.

Fraud Detection 40

Fraud Detection Assessments AI Real Time Payments 40

PYMNTS

JUNE 27, 2019

Broadly speaking, CO-OP is a financial technology (FinTech) company that offers debit and credit processing solutions; operates the largest ATM and shared branch networks for thousands of credit unions in the United States; and offers a comprehensive set of online and mobile banking solutions.

Credit Union 40

Credit Union Payment APIs and Integration Online and Mobile Banking Payments 40

PYMNTS

AUGUST 13, 2018

providing payment services, credit card issuing, debit card processing and prepaid card and ATM services. It also provides support for more than 34,000 ATMs around the U.S. and more than 13 million ATMs and debit cards. While FIS hasn’t been acquisitive in recent months, is has been beefing up its payment services.

Debit Card 40

Debit Card ATM Process Fraud Prevention 40

PYMNTS

APRIL 15, 2016

When the results were published, ACI Worldwide Director of Solution Consulting and Immediate Payments Barry Kislingbury said the findings represent a “great opportunity for banks working with these businesses to demonstrate the value of their real-time payments offering.”.

Faster Payments 40

Faster Payments Payments Checks Small Business 40

PYMNTS

JANUARY 25, 2018

The years have traced a new payments arc from the days when everything was predicated on a plastic card, on ATMs and on terminals that appear quaint when seen through the rearview mirror. In the 21st century, of course, “all of that went out the window,” he told Webster.

Alternative Payment Methods 41

Alternative Payment Methods Payments Push-to-Card Point-of-Sale (POS) 41

FICO

JANUARY 10, 2023

This was coupled with the rise in real-time payments that has occurred in the past few years with the fast transfer of funds helping criminals to take the money and run. Noticing small differences in a POS terminal or at an ATM can mean the difference between a safe card and a compromised card.

Scams 52

Scams Posting Push-to-Card Compromise 52