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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Digital Dollars, Too? .

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Visa Set to Roll out New AI-Powered Fraud Prevention Solutions

Fintech News

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. The Protect suite is among nearly 200 products under Visa’s portfolio, covering critical areas such as Acceptance, Advisory, Issuing, Open Banking, and Risk and Identity.

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Digital Transformation Accelerates Emerging Payment Platforms

PYMNTS

Modernization is also accelerating because the pandemic and consumer desires to maintain social distance are increasing the need for payments’ digital transformation. Scaffidi said things are moving fast enough that the European Central Bank (ECB) is currently considering the consequences. “We

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Businesses Are Ready To Make The RTP Leap

PYMNTS

Adopting Phixius is “a logical next step in the expansion of Visa’s solutions driving efficiency and delivering value-added services to buyers and suppliers,” according to Visa Business Solutions SVP, Global Head of New Payment Flows Alan Koenigsberg. Azerbaijan Launches Instant Payments Rail.

RTP
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Paytech in 2024: Intix, Brite, PPRO, emerchantpay, Valopa, Bottomline, Primer, Global Payments

The Fintech Times

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

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Real-time payments: The innovation opportunity many banks are missing

The Payments Association

SEPA Instant promises faster, 24/7 payments across Europe, but with few banks ready, urgent investment is needed to meet rising demand and regulatory deadlines. Instant payments have emerged as awidely adopted benchmark over recent years, capable of reshaping customer expectations and business operations across various sectors.

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Visa’s Growing Services Business Infused with New AI-Powered Products

Fintech Finance

Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions.

AI