Finovate

MAY 31, 2024

Western Union is leveraging Plaid’s open banking infrastructure for money transfers in Europe. The move is expected to benefit end users by offering a faster, more secure payments experience without negatively impacting the user experience.

Funds Transfer 64

Funds Transfer Payments Compromise End User 64

PYMNTS

DECEMBER 11, 2018

. “We are joining hands with Mastercard and Federal Bank for promoting digitization and creating a robust digital payments solution which will provide end users with the highest level of convenience,” said Obopay Chief Executive Officer Shailendra Naidu in a statement.

Visa 60

Visa End User Commercial Card Funds Transfer 60

The Fintech Times

SEPTEMBER 12, 2024

Leveraging Mastercard’s technology, NymCard will expand its portfolio by becoming a Remittance-as-a-Service provider, ensuring that end users benefit from efficient and seamless international remittances.

Visa 64

Visa Cross-Border Cross-Border Payments Financial Inclusion 64

PYMNTS

MARCH 2, 2020

The voice capabilities of Clinc encompass bill payments, rewards, fund transfers, card activation and more, according to an announcement. Our goal has always remained the same — to create technology that makes people’s lives easier,” Clinc Co-Founder and Interim Co-CEO Lingjia Tang said in the announcement.

Payment APIs and Integration 59

Payment APIs and Integration Credit Cards AI Funds Transfer 59

PYMNTS

DECEMBER 9, 2019

The solution is an electronic funds transfer (EFT) payment tool built on top of R3’s Corda blockchain platform, and which integrates CULedger’s MyCUID decentralized identity technology to incorporate security, data exchange and value exchange in a single solution.

Credit Union 54

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

Fintech Finance

APRIL 10, 2024

The CHIPS network is the premier USD clearing and settlement system for international payment activity, with 95% of CHIPS payments being the USD leg of a funds transfer that begins or ends in another country, and the first high-value payment system in the United States to adopt an ISO 20022 message format.

ISO 20022 52

ISO 20022 CHIPS ISOs Settlement 52

Fintech Finance

APRIL 17, 2024

The CHIPS network’s implementation of ISO 20022 messages, which went live starting on the April 8 banking day, enhances the efficiency of cross-border payment processing and allows participants and end-user customers to glean value from enriched data content, among other benefits. “We The CHIPS network is the premier U.S.

ISO 20022 40

ISO 20022 ISOs CHIPS Cross-Border Payments 40

PYMNTS

DECEMBER 3, 2018

With the SCT Inst scheme, he noted, end users can transfer up to €15,000 ($17,004 USD) between accounts 24/7, with a maximum 10-second time frame. Instant payments, he said, offer a variety of use cases that span emergency fund transfers and, of course, peer-to-peer (P2P) transactions (splitting the bill, for instance).

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Use Case 62

PYMNTS

NOVEMBER 24, 2016

“I like to call it an iceberg, where 80 percent of the work was done below the surface of the water on the back end to just deliver that 20 percent of functionality that the end users needed,”. Making sure that the back-end is balanced — and the supplier is set — long before the “tastings” ever begin.

Alternative Payment Methods 66

Alternative Payment Methods Cross-Border Blockchain Funds Transfer 66

PYMNTS

FEBRUARY 20, 2018

Today, the CPMI said, electronic funds transfers (EFTs) are among the most common method for handling cross-border B2B payments, as are checks via international bank drafts. Card networks have also taken measures to increase their presence in the B2B payments market.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

Stax

JANUARY 17, 2024

These include the following: A robust technological infrastructure Customer privacy and security Interoperability User awareness and adoption Quick and easy onboarding process Final Words It shouldn’t come as a surprise that ACH PayFacs provide some exceptional benefits to SaaS companies and software service providers.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Stax

JANUARY 15, 2024

With surcharging, you pass these high interchange fees directly to the end-users. They must also follow regulations, such as the Electronic Fund Transfer Act , mandating fee disclosure for electronic transactions. It relieves you from directly handling payments and dealing with the tedious administrative hassle.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

APRIL 8, 2019

Card Payouts is a card-based, front end user experience that integrates with treasury banks’ existing infrastructure. A hundred forty-five years after money was first moved by wire transfer using the telegraph, money still travels relatively slowly – a surprise given all of the innovation that surrounds it.

Contactless Payments 40

Contactless Payments Push-to-Card Debit Card Payments 40