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EuroPA is an alliance of national digital payment champions – 𝗕𝗮𝗻𝗰𝗼𝗺𝗮𝘁(Italy), 𝗕𝗶𝘇𝘂𝗺 (Spain), 𝗠𝗕 𝗪𝗔𝗬 (Portugal), 𝗕𝗹𝗶𝗸 (Poland), 𝗜𝗥𝗜𝗦 (Greece), and 𝗩𝗶𝗽𝗽𝘀 𝗠𝗼𝗯𝗶𝗹𝗲𝗣𝗮𝘆 (Nordics). Wero enables instant, account-to-account (A2A) payments without relying on traditional card networks.
By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance. Aiming to simplify the FinTech ecosphere for its clients, Cross River has built a “plumbing” system on top of traditional payment systems.
Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). Offering real-time payments as well as a range of APIs will enable Avidia to expand its offering to FinTechs that want to integrate faster payment capabilities into their own solutions.
Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork. The use cases for digital payments are also evolving. Supply and Demand. In other words, it’s seen some stuff.
In the always-on, 24/7/365 economy, payments that circle the globe should conceivably be as simple as those made in a peer-to-peer (P2P) transaction. Well, cross-border payments are fraught with friction, especially when it comes to business-to-business, or B2B. API Advantages. The reality?
Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. In the three years since FIS began this annual report, the number of real-time payments programs more than doubled, researchers noted.
It’s not hard to understand why the medium, small and micro-business owners of Canada would appreciate Interac e-Transfer , which enables them to send or receive funds instantly, directly from or to their bank account, as well as request payments from customers — minus the awkward face-to-face element of asking someone for money.
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