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Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

Fintech Finance

KNET utilized ACI’s Digital Central Infrastructure solution to build the central payment infrastructure of WAMD, an interoperable, countrywide scheme that enables account-to-account (A2A) payment transfers via a bank’s mobile app or internet banking service by using a phone number.

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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

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Citi Payment Insights Expands To 70 Markets

PYMNTS

Citi ’s Treasury and Trade Solutions (TTS) announced that it has expanded its Citi Payment Insights offering to more than 20 new markets, making it available in more than 70 markets.

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SMBs Claim Control Over Finances With B2B Payments Innovation

PYMNTS

There is a disconnect between the payment options businesses offer their customers and the options businesses use to pay each other. Between real-time payment options, one-click buy buttons and instant credit transfer schemes, consumers get the gold standard when it comes to payments solutions.

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Keeping Tabs On B2B Payments’ Tipping Point

PYMNTS

Regular ACH merits a satisfaction level of about 74 percent, with electronic bank transfers at the high 60 percent level, and cards close behind. Here’s a glaring stat: checks, that oft-utilized payment choice, comes in fourth when it comes to payments satisfaction. Not exactly unanimous votes.

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Citi Launches Outlier Payment Detection For Treasurers

PYMNTS

When outlier payments are detected, clients are able to approve or reject the transactions within the CitiDirect BE and CitiConnect electronic banking platforms. ” The global launch of Payment Outlier Detection followed a pilot of the tool with 20 Citi clients, the bank said.

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Citi Launches Citi Payment Insights For Institutions

PYMNTS

Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform.