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BIS advances oversight structure for broader faster payments ecosystem

Payments Dive

In the interest of faster, cheaper and more transparent cross-border payments, the Bank of International Settlements last week produced an interim report aimed at developing a governance structure for an interlinked faster payments system.

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Swift to focus on transaction management to fuel faster payments

Payments Source

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.

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U.S. Faster Payments Council Publishes International Report on Mitigating Faster Payments Fraud

Fintech Finance

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, have released the latest report from the FPC Fraud Work Group, sponsored by Nasdaq Verafin: International Practices in Mitigating Faster Payments Fraud. payments landscape.

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Demand For Faster Payments Skyrockets

PYMNTS

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. Congressional Research Service projects that the pandemic could reduce global trade by anywhere from 13 percent to 32 percent,” according to the May Faster Payments Tracker.

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Merchants want more say as faster payments develop

Payments Source

Retailers are often considered to be key beneficiaries of faster payments, but they may be among the last to reap its benefits in the U.S.

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Visa pilots faster-payment services for banks

Payments Source

The card network is testing two artificial intelligence-powered programs that it says give banks some of the benefits of faster payments without requiring the immediate movement of funds.

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Webinar: Preparing for the Accredited Faster Payments Professional (AFPP) Exam

Faster Payments Council

Faster Payments Council have worked together to introduce the Accredited Faster Payments Professional Program (AFPP). Join us for an upcoming Nacha/FPC webinar on Tuesday, October 8 from 12:00pm-1:00pmCDT. Nacha and the U.S. The first exam will be held in February 2025.

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