Remove eWallet Remove Faster Payments Remove Real Time Payments
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Faster Payments, Real-Time Payments And A Few Glitches

PYMNTS

The move toward faster payments is an inexorable one. As reported earlier this month, Hong Kong’s newly debuted Faster Payments System (FPS) has seen its share of controversy, at least at the outset. The alleged fraud involves personal data used to set up eWallet accounts and facilitate direct debit activity.

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Hong Kong’s New Faster Payment System Marred By Fraud Claims

PYMNTS

Hong Kong’s Faster Payments System (FSP) has only been live for a few weeks, but already it’s facing claims regarding allegations of fraudulent use. Financial institutions – including HSBC , Bank of China and Hang Seng Bank – are involved in the fraud claims, as are eWallet service providers AlipayHK, Tap & Go and O!

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Non-Banks In Singapore To Get Access To Real-Time Payment Rails

PYMNTS

Consumers who may not have ready access to debit or credit cards to fund their eWallets will now have the option to do so directly through their bank accounts,” said Ravi Menon, managing director, MAS. “Direct access by NFIs to FAST and PayNow closes the last-mile gap in Singapore’s ePayments journey. More than 12.5

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Payment Rails Latest To Roll Out API-Enabled Global Business Payments Platform

PYMNTS

We also offer a disruptive way to send international payments, by bypassing costly bank wires [and] offering access to local banking and real-time payment networks, which can significantly reduce transactional costs by up to 80 percent.”.

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Deep Dive: Instant Payments Confront Long Path To Ubiquity

PYMNTS

Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years. Faster payments may not be the most popular disbursement method, but markets are regularly adopting them for consumer payouts.

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Citi: Why And How To Bring More Collaboration To Payments

PYMNTS

There is at least one common goal that pretty much every player in financial services and payments can rally around: “The common thread is faster payments,” Kohli told Webster in the second part of a three-part Citi-PYMNTS podcast interview series. Consumers will have access to a variety of payment methods as a result.

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Open Banking Tie-Ups Challenge SMB Banking Incumbents

PYMNTS

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments. Faster Payments and BACS schemes. Eedenbul Secures PSD2 License.