The Fintech Times

NOVEMBER 2, 2024

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments system, is expanding ‘Confirmation of Payee’, significantly bolstering protection for UK consumers against Authorised Push Payment (APP) fraud and misdirected payments. billion checks as of September 2024 and conducting over 2.1

Payee 59

Payee Faster Payments Transactions Checks 59

Payments Source

OCTOBER 1, 2020

Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.

SWIFT 113

SWIFT Small Business Faster Payments Cross-Border Payments 113

Fintech Finance

OCTOBER 31, 2024

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). Tackling fraud is a collective effort that extends beyond just payments.

Payee 98

Payee Fraud Prevention Rules Checks 98

Fintech Finance

JULY 24, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors.

Faster Payments 97

Faster Payments FPC FedNow RTP 97

PYMNTS

DECEMBER 29, 2020

Delivering rapid payroll could help employers stand out from the pack when recruiting temporary workers, said Steve Ledford , senior vice president of products and strategy at United States payments company and banking association The Clearing House (TCH), during a PYMNTS interview.

Faster Payments 124

Faster Payments Payment APIs and Integration Real Time Payments Instant Payments 124

Fintech Finance

APRIL 7, 2025

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published a new report, How a Directory Service Accelerates Instant Payments , produced by the FPC Directory Models Work Group. ” The post U.S.

Instant Payments 98

Instant Payments Faster Payments FPC Interoperability 98

Fintech Finance

JANUARY 23, 2025

The Neonomics Group, has completed the acquisition of Ordo , an open banking payments and data service provider based in the UK. Founded by the former management team of the UK Faster Payments scheme, Ordo is an FCA authorised open banking payments innovator and one of the very first to be licensed as such in the UK.

Acquirers 105

Acquirers Interoperability Faster Payments Regulations 105

Payments Source

JULY 11, 2019

Often overlooked as prospects by financial services institutions who have increasingly focused on the wealthy, hourly workers represent a massive pool of underserved consumers with distinct financial needs.

Faster Payments 121

Faster Payments Underserved Payments Consumer 121

Faster Payments Council

FEBRUARY 28, 2022

Each year in February, we celebrate America Saves Week, an effort aimed at encouraging consumers to commit to saving. This year's event, which we recognized February 21-25, focused American consumers on "Building Financial Resilience." This, in turn, can cause consumers to overdraft accounts, incurring fees. And this is how.

Faster Payments 68

Faster Payments FPC Payments Near Real-Time 68

Payments Source

JULY 26, 2020

Payments in Brazil are about to make a significant pivot, turning a country in which consumers rely heavily on cash and remain skeptical about payment cards into the next region to pioneer faster payments.

Digital Payments 174

Digital Payments Faster Payments Payments Consumer 174

Fintech Finance

JUNE 2, 2025

Built on Visas decades of payments expertise, Visa A2A gives consumers greater choice, control and protection over how they pay via bank transfers. It is designed to make pay-by-bank transactions including bill and subscription payments safer and smarter.

Consumer Protection 59

Consumer Protection Consumer Participant Innovation 59

Fintech Finance

JUNE 7, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has announced the publication of its latest industry resource, the Faster Payments and Financial Inclusion survey report.

Financial Inclusion 64

Financial Inclusion Faster Payments FPC Cross-Border Payments 64

PYMNTS

DECEMBER 30, 2020

Between the explosion of the digital economy driven by the pressures of the pandemic and the radical realignment of consumer preferences that has happened as a result, the year 2020 has seen digital payments accelerate at something approaching warp speed. And those shifts aren’t likely to go away, Turner said.

Consumer 112

Consumer Visa Faster Payments Instant Payments 112

PYMNTS

NOVEMBER 5, 2020

In an interview with Karen Webster, Drew Edwards , CEO of Ingo Money , said the stage is set for instant payments to be embraced even by “old” economy firms that have traditionally relied on checks sent to consumers and received in back offices. They’ve got the devices to request, receive and send instant payments.

Faster Payments 98

Faster Payments Instant Payments Payments Same Day ACH 98

Fintech News

JANUARY 26, 2025

Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. In 2023, credit card payments comprised 52.2% of all cashless transactions in Japan. The global embedded finance market is projected to reach US$384.8

Payments Trends 124

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 124

Finextra

MAY 8, 2024

businesses and consumers are rapidly adopting digital, faster and instant payment services, according to studies released today by Federal Reserve Financial Services.

Faster Payments 64

Faster Payments Federal Reserve Consumer Instant Payments 64

Finextra

DECEMBER 21, 2023

The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (.

Scams 98

Scams Consumer Faster Payments Regulations 98

Fintech Finance

SEPTEMBER 4, 2024

Visa today announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers. In 2023, £3.7tn was paid via A2A Faster Payments in the UK, a 15% increase over the previous year[1].

Consumer Protection 96

Consumer Protection Consumer Payments Disputes 96

PYMNTS

NOVEMBER 23, 2020

But there’s a new data revolution underway and this one is on the consumer side, as financial data aggregators are very much in the news. It is an open banking platform on one level and it also is a data management platform for consumers on another. Big data, it used to be called. The latest developments come from Mastercard.

Consumer 117

Consumer Visa Use Case CFPB 117

Fintech Finance

JANUARY 16, 2025

This review reflects extensive engagement with stakeholders, trends in payments both at home and abroad, the Governments growth mission, and the impact of the National Payments Vision (NPV). These are to: Complete the important work underway protecting consumers and supporting competition. But we know theres more to do.

Innovation 96

Innovation Regulations Government Governance 96

Faster Payments Council

AUGUST 23, 2024

Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field. Be part of the conversation shaping the future of faster payments. Capitol Ballroom 5) Much has been said about how a directory capability will drive faster payments adoption.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

Fintech Finance

APRIL 19, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce the release of its latest report, How QR Codes Address ‘the Last Mile’ Adoption of Faster Payments at the Point-of-Sale. The post U.S.

Faster Payments 59

Faster Payments FPC Payments Best Practices 59

The Fintech Times

MAY 14, 2025

Open finance and open banking continue to grow as new research from Open Banking Limited (OBL), the firm which built the UK’s open banking standard, reveals that one in five consumers and businesses are now using the technology. In March, only one in 17 consumers and businesses used the technology. Now there are 13.3

Small Business 45

Small Business Consumer Faster Payments Government 45

Clearly Payments

OCTOBER 31, 2024

From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. They remain a staple payment method globally. Faster Payments (U.K.), PayID (Australia), and UPI (India). handled $1.6

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

BioCatch

FEBRUARY 15, 2024

Faster Payments Council (FPC) — the industry-led organization promoting payment-system improvements — argues more needs to be done beyond awareness campaigns and consumer education to stem the explosive growth of fraud in the space. In a new paper, the U.S.

FPC 64

FPC Faster Payments Mitigation Payments 64

PYMNTS

MARCH 6, 2020

Many of these providers are particularly competing for small- to medium-sized businesses (SMBs) to join their faster payments network over another, which can be tricky as more competitors enter this space. Around the Faster Payments World. Faster payments are filtering into the transportation industry as well.

Real Time Payments 121

Real Time Payments TCH Faster Payments Point-of-Sale (POS) 121

The Fintech Times

APRIL 22, 2024

A recent report highlights the pivotal role QR codes play in accelerating faster payments adoption, emphasising a unified standard, versatile functionality and stringent security. The post QR Codes: The ‘Driving Force’ Behind Faster Payments Adoption appeared first on The Fintech Times.

Faster Payments 59

Faster Payments FPC Payments Interoperability 59

The Payments Association

FEBRUARY 26, 2025

Faster payments 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.

Authentication 88

Authentication Risk Fraud Prevention Compliance 88

Payments Source

MARCH 12, 2019

Driving rapid consumer adoption of faster payments and the bank-run person-to-person payment network, Zelle, has been a core role for Early Warning’s Lou Anne Alexander over the past decade.

Zelle 113

Zelle Faster Payments Payment Networks Consumer 113

Fintech Finance

JANUARY 16, 2025

Guavapay provides integrated financial solutions including cross-border and mass payment solutions, enabling customers to send money via SWIFT, SEPA, BACS, CHAPS and Faster Payments. The post Guavapays Transforming All Things Payments with Technology Innovation appeared first on FF News | Fintech Finance.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

Fintech Finance

MAY 8, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has published its latest report titled, Navigating Instant Recurring Payments: Consumer, Business, and Financial Institution Perspectives. The post U.S.

Faster Payments 52

Faster Payments FPC Payments RFP 52

Open Banking

MAY 2, 2025

This brings to life the National Payments Vision, laid out by the Government, to see an industry-led approach to develop cVRPs. cVRPs are a pioneering new payment instruction, enabling consumers to limit the value of any payment from their account, offering a flexible alternative to Direct Debit and card-on-file payments.

Payments 72

Payments Government Governance Faster Payments 72

PYMNTS

DECEMBER 16, 2020

In today’s rapidly changing payments landscape, it’s critical that we evolve our solutions and continue to improve transactional speed, convenience and security for all our stakeholders across the world,” said Gregor Dobbie , CEO of Mastercard’s Vocalink. Faster Payments Aggregator with Pay.UK. Faster Payments.

Real Time Payments 133

Real Time Payments Visa Faster Payments Near Real-Time 133

The Fintech Times

JANUARY 19, 2024

Financial firms in the US are highly interested in faster payment networks, with 78 per cent saying it is a ‘must-have’ for their organisation; according to Volante Technologies , the payments-as-a-service (PaaS) firm.

Faster Payments 64

Faster Payments Payment Networks FedNow TCH 64

The Fintech Times

MARCH 27, 2024

This new solution closes the gaps in intelligence that the fraudsters utilise to be able to use faster payments to target UK consumers and businesses. The post Form3 Launches APP Fraud Prevention Solution, Powered by Feedzai, to ‘Make Faster Payments Safer’ appeared first on The Fintech Times.

Fraud Prevention 59

Fraud Prevention Faster Payments Financial Crimes Crime 59

Payments Source

DECEMBER 24, 2019

fintechs are working to facilitate Open Banking payments, a method which could soon enable consumers and businesses to make faster payments at a lower cost. With the cost of processing business transactions remaining stubbornly high, a number of U.K.

Faster Payments 95

Faster Payments Facilitators Payments Transactions 95

Fintech Finance

FEBRUARY 6, 2025

certified CoP aggregator, enabling ACI to offer CoP services to new and existing Faster Payments customers in the UK. CoPan account verification/name-checking service for UK-based paymentsprovides consumers greater assurance that they are sending payments to the intended recipient. Additionally, Banfico is a Pay.UK-certified

Payment Service Provider (PSP) 59

Payment Service Provider (PSP) Instant Payments Verification FinTech 59