Core

JUNE 21, 2023

Convenient and modern payment processes are a critical focus for government agencies, and providing efficient digital payment solutions to citizens is only the beginning. And that puts a big burden on the people working for all of the different government entities.” And post pandemic, that number has continued to grow.

Governance 52

Governance Government Online and Mobile Banking Enrollments 52

PYMNTS

JANUARY 20, 2020

Yet analysts agree that the late B2B payments problem continues to worsen. publication The Times , small to medium-sized businesses (SMBs) face an extra hurdle when chasing down late payments: collection efforts can damage the buyer-supplier relationship. Among other strategies, the U.K. According to recent reports by U.K.

Legal 94

Legal Payments B2B Government 94

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

DECEMBER 19, 2018

“NASA and its Federal cybersecurity partners are continuing to examine the servers to determine the scope of the potential data exfiltration and identify potentially affected individuals. NASA is the latest government agency to be hit with a breach. This process will take time. We have notified those employees.”.

Data Breach 70

Data Breach Breach Cybersecurity Social Security 70

PYMNTS

APRIL 9, 2020

The global spread of the new coronavirus has had a wide and varied impact on the way that both consumers and businesses think about transacting with each other as well as government or financial entities. Around The Disbursements World. Organizations such as the U.S. Businesses can apply for these loans via the SBA’s online portal.

Checks 71

Checks Online and Mobile Banking Direct Deposit Scams 71

PYMNTS

JUNE 3, 2020

Bank-FinTech collaboration continues to proliferate in markets around the world. TrueLayer To Enable UK Government Payments. government to work with public sector entities and provide them with payment initiation services, according to reports in SmartCitiesWorld. An agreement with the U.K.

FinTech 68

FinTech Remote Deposit Capture Payer API 68

Fintech Finance

DECEMBER 12, 2023

Therefore, we are very proud to continue expanding this solution in Spain, hand-in-hand with a partner like RevoluPAY,” stated Eduardo Prieto, Country Manager of Visa in Spain. The post RevoluPAY introduces Visa Direct to enable instant P2P payments through RevoluSEND appeared first on Fintech Finance.

P2P 52

P2P Near Real-Time Facilitators Payments 52

PYMNTS

DECEMBER 12, 2019

continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. and Europe, lacks the same government push for change, and in some cases, mandatory changes. Though the U.S. unlike markets like the U.K.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

JUNE 2, 2020

It seems the deluge of more than 40 million unemployment claims has swamped the government and exposed some inefficiencies of an antiquated system plagued in part by paper checks. government pandemic stimulus checks ($1,200 per adult) and a temporary boost in weekly unemployment payments (an extra $600 a week) will help for the jobless.

Checks 53

Checks Federal Reserve Government Governance 53

PYMNTS

JUNE 3, 2016

the debate continues over the payroll card and whether it’s a tool to provide key resources for underbanked employees or one that unfairly burdens them with fees. At present, electronic government payments account for about 2 percent of the overall consumer spending market in the country, he said. In the U.S., ” .

Financial Inclusion 40

Financial Inclusion Payroll Government Governance 40

Neopay

SEPTEMBER 26, 2024

Payments have continued to play a vital role in the UK economy and in the coming years will see further developments and innovation to support the ever-changing needs of users, while keeping pace with global advances. The PSR also consulted on Faster Payments proposals to enable a phased rollout of VRPs.

Cross-Border 52

Cross-Border Faster Payments Payee Consulting 52

PYMNTS

MAY 11, 2020

As May flowers bloom, millions of Americans are still awaiting pandemic relief monies from the government. Others believe there’s a paper check coming but find no details on the IRS “Get My Payment” web portal set up to track the progress of funds. Some got it via direct deposit. People want answers.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

Clearly Payments

FEBRUARY 12, 2024

Visa and MC Drive Innovation in Payments Visa and Mastercard are at the forefront of innovation in the payment industry, continually introducing new technologies and solutions to meet the needs of consumers and businesses. The payments industry is so large that new startups will continuously work to take a slice of the market.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

The Fintech Times

JUNE 21, 2024

Globally, ACI covers approximately one-third of the countries that offer real-time payments services, reaching about three billion people served by various organisations. These include central governments, payment networks, banks, financial institutions and fintech companies. How was this achieved?

Cross-Border Payments 59

Cross-Border Payments Cross-Border Process Instant Payments 59

The Payments Association

MAY 16, 2025

The regulatory framework governing payments continues to expand in scope, with increasing implications for merchants operating in the UK and EU. Reassess cost-to-serve models for different payment types. These developments will impact merchant compliance, cost structures, customer experience, and operational risk.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

The Fintech Times

OCTOBER 26, 2024

Future applications for open banking in Saudi Arabia may include better risk assessments for variable income, more efficient government payments, and pre-filled mortgage applications. Buy now, pay later (BNPL) was a common example, with the hope that open banking APIs could improve credit assessment for these services.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration Risk Assessment 59

Fintech Finance

JANUARY 30, 2024

Instead, all checks happen within AccessPay, considerably decreasing the risks associated with manual checks and increasing efficiency in payment workflows.” AccessPay’s new Sanctions Screening capability enables businesses to check individuals, companies and transactions against government-issued lists of restricted parties.

Payee 52

Payee Money Laundering Non-Bank Checks 52

Fintech Finance

DECEMBER 13, 2023

“We are excited about the real-time payments modernization journey we have embarked upon jointly with ACI Worldwide, a global leader in real-time payments,” said Leonardo Villar, Governor of the Central Bank of Colombia. “It Real-time payments improve overall market efficiencies and boost economic growth.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

PYMNTS

OCTOBER 26, 2017

And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. Internal fraud is, unfortunately, an all-too-common problem for businesses and government entities, especially with regards to misuse of p-cards. pled guilty to stealing $1.8

Government 43

Government Governance Payments Cybersecurity 43

PYMNTS

AUGUST 6, 2019

Digital disbursements for pensions and government funds gained more traction in India this April, when the Reserve Bank of India’s (RBI’s) Committee on Deepening Digital Payments came together to discuss whether all government payments to citizens should be made through digital channels.

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. Businesses, banks and payment providers worldwide are innovating the way disbursements are sent and received to better serve the needs of this group of consumers.

On-Demand 49

On-Demand Online and Mobile Banking Instant Payments Checks 49

PYMNTS

MARCH 14, 2018

PromptPay has been a game-changer for the Thai people, from allowing isolated Thai residents to now receive government payments, to small businesses transacting with new customers and suppliers.” By taking a partnership approach, we generate more ideas and address more challenges,” he continued.

Financial Inclusion 48

Financial Inclusion Real Time Payments Mobile Banking Federal Reserve 48

PYMNTS

NOVEMBER 8, 2017

“Originally, faster payment systems were primarily focused on the retail market [person-to-person (P2P) and person-to-business (P2B)], but increasingly business payments [business-to-person (B2P) and business-to-business (B2B)] are taking advantage of the benefits that faster payments offer,” FIS wrote in its report.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

Open Banking

AUGUST 30, 2023

Among the key drivers of growth are single domestic payments, which recorded 10.5 This was propelled by several significant events, including government payments solutions and the onboarding of leading UK financial institutions and investment platforms. million transactions in July, marking an 8% increase from June.

Payments 52

Payments Financial Inclusion Credit Cards Message Standards 52

CB Insights

DECEMBER 4, 2019

Continue to reduce any buying/selling friction. Payments made with Amazon Pay spiked following service expansion to new geographies — France, Italy, and Spain — and to new verticals, including government payments, travel, insurance, entertainment, and charitable donations.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Finovate

JANUARY 24, 2025

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. The EU AI Act passed in 2024.

Regulations 72

Regulations FinTech BNPL Cross-Border 72

Clearly Payments

FEBRUARY 8, 2024

The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

PYMNTS

FEBRUARY 10, 2017

Payments volume reportedly doubled in that time, though Amazon did not disclose any official figures to go with that claim. Amazon’s latest release also indicated continued strong growth on mobile, with 32 percent of transactions via Amazon’s payment platforms coming from devices. The service went online in France and Italy.

ATM 40

ATM Treasury Government Payments Visa 40