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Tietoevry Banking Registration Enables it to Verify Payer and Payee Identities for European Banks

The Fintech Times

JANUARY 7, 2025

Tietoevry Banking , a financial software solution provider based in the Nordics, has registered with the European Payments Council as a provider of routing and verification mechanisms (RVM) for verification of payee (VoP) solutions.

Payer

Payer Payee Verification Instant Payments

Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

JUNE 16, 2025

These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. These solutions functioned by pre-loading funds onto user devices via an intermediary, creating a separate offline balance within the digital wallet.

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Tietoevry Banking Secures European Payments Council Registration for Routing and Verification Services

Fintech Finance

JANUARY 7, 2025

Tietoevry Banking , the leading provider of financial software solutions, is today announcing that it has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions. The industry spends an estimated 120 billion USD annually to address failed payments.

Verification

Verification Payee Payer Security

European Central Bank sets out business model for digital euro

NFCW

JUNE 25, 2024

For offline transactions, the digital euro is being designed to offer users “a cash-like level of privacy for payments in physical shops and between individuals,” the ECB adds. NFC provides a highly convenient end-user experience which consumers in the euro area are already familiar with.

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Central Bank Online and Mobile Banking Legal Framework Caps

ECB Publishes First Progress Report on Digital Euro Preparation Phase

Fintech Finance

JULY 1, 2024

Digital euro privacy The design of the digital euro includes an offline functionality that would offer users a cash-like level of privacy for payments in physical shops and between individuals. It has also assessed other essential aspects of offline digital euro payments, with a view to making them seamless, secure and user-friendly.

Legal Framework

Legal Framework Money Laundering Online and Mobile Banking Central Bank

Signicat, SurePay Link Up To Combat B2B Payment Fraud

PYMNTS

DECEMBER 2, 2019

2) said Signicat will integrate SurePay’s bank account verification solution within Signicat’s Digital Identity Platform, allowing financial institutions and businesses in the Netherlands to automatically authenticate a payee’s identity with its bank account details.

Due Diligence

Due Diligence B2B Payee Payer

Accounts Receivable Realigns Its Focus To User Experience

PYMNTS

DECEMBER 26, 2019

It’s not the only piece of the puzzle to successfully elevating AR processes, however, with the user experience of growing importance to corporates investing in these technologies. According to McCarthy, the end-users of AR solutions aren’t the only users that technology providers have to keep in mind, either.

Accounts

Accounts B2B End User Payer

What Would it Take to Get Users Onside With CBDCs for Everyday Use?

The Fintech Times

MAY 26, 2024

. “Many central banks have also stated that consumers will be able to use CBDC offline, offering cash-like privacy to users, where personal transaction details would only be known to the payer and the payee.

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CBDC Central Bank Multi-Currency Privacy

The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season

PYMNTS

NOVEMBER 18, 2020

The ability to move money quickly — and to have both the payer and payee know exactly when that transaction occurred — can be an important value-add for businesses that need to get vendors paid quickly to minimize the risk of any supply chain disruption.

RTP

RTP Use Case Real Time Payments ISO 20022

Payment Rail Innovators Go After Traditional Bank Friction

PYMNTS

JANUARY 14, 2020

But while the tool aims to offer an alternative to traditional payment rails, Murray explained it is not intending to challenge the banks by enabling payers and payees to transact without services of FIs. The service is developed on blockchain using stablecoin virtual currency pegged against the U.S.

Innovation

Innovation Cross-Border B2B Cross-Border Payments

Getting Payors On Board The Instant Payments Bandwagon

PYMNTS

DECEMBER 27, 2019

There is no single correct road map, Edwards said, but there are guidelines useful for any interested payer. For corporations looking to push payments instantly, the problem is one-to-many payments, and how to set up payees such that they can choose which set of rails they can seamlessly have funds pushed to. How do they do that?

Instant Payments

Instant Payments Payments Push-to-Card Payer

International Payments Group Champions Faster Cross-Border Payments

PYMNTS

FEBRUARY 20, 2018

To address these issues, the CPMI recommends greater transparency in the cost of cross-border transactions, with initiatives from players like the World Bank Group’s RPW database enhancing the availability of pricing information for payers and payees.

Cross-Border Payments

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

Uncovering The Value Proposition In FinTech Innovation

PYMNTS

FEBRUARY 29, 2016

Historically, he continued, banks have taken to focusing too narrowly on the back end of payments — the plumbing and mechanics, as DeLuca described it — rather than the front-end, end-user experience. will ultimately see widespread adoption of some kind of payments technology. “The

Innovation

Innovation FinTech Faster Payments End User

Tietoevry Banking Registration Enables it to Verify Payer and Payee Identities for European Banks

Offline settlements with a digital pound: Lessons from the BoE’s report

Trending Sources

Tietoevry Banking Secures European Payments Council Registration for Routing and Verification Services

European Central Bank sets out business model for digital euro

ECB Publishes First Progress Report on Digital Euro Preparation Phase

Signicat, SurePay Link Up To Combat B2B Payment Fraud

Accounts Receivable Realigns Its Focus To User Experience

What Would it Take to Get Users Onside With CBDCs for Everyday Use?

The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season

Payment Rail Innovators Go After Traditional Bank Friction

Getting Payors On Board The Instant Payments Bandwagon

International Payments Group Champions Faster Cross-Border Payments

Uncovering The Value Proposition In FinTech Innovation

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