Finextra

JULY 7, 2025

These real implementations in 2024–2025 demonstrate tangible benefits, such as faster customer service, increased financial security, more inclusive products and higher customer satisfaction across the banking industry.

AI

Stax

MAY 23, 2025

Fewer tools to juggle, less manual entry, and faster payment collection means happier customers who are more likely to stick around (and refer others!) Streamlined business operations An integrated payments system can simplify your internal workflows, too.

ISVS

The Fintech Times

MARCH 12, 2025

As the government pushes its broader economic agenda, the question remains: does this decision streamline regulation or create new risks for the payments industry? A push for simplification The PSR, which oversees payment systems including Faster Payments and Mastercard , will have its functions largely absorbed by the FCA.

FinTech

EBizCharge

MARCH 27, 2025

Secure and PCI-compliant transactions With a trusted Sage payment portal, your business can ensure compliance with Payment Card Industry Data Security Standards (PCI DSS) by adhering to various security protocols and implementing the necessary measures to protect sensitive customer payment data.

Payments

Payments Source

OCTOBER 25, 2016

The Federal Reserve is asking the payments industry for input on securing faster payments processing.

Federal Reserve

PYMNTS

NOVEMBER 13, 2018

A group of payment players announced Tuesday (Nov. Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability. 13) that they created a new organization, dubbed U.S.

Faster Payments

PYMNTS

APRIL 22, 2019

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation. “Our [payment] systems are looking at 24/7/365 solutions.

Faster Payments

PYMNTS

AUGUST 15, 2019

The Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time gross settlement (RTGS), as well as integrated clearing, according to a release. First Vice President Kenneth C. This is an exciting milestone in U.S.

FedNow

PYMNTS

OCTOBER 12, 2018

The good news is that all the recent buzz about real-time and instant payments has brought with it the realization that banks need to understand and address fraud in these new, faster channels. “A A lot of firms, until recently, really had nothing in place,” Barnhardt told PYMNTS. People are really thinking about it. “.

Faster Payments

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed

PYMNTS

SEPTEMBER 24, 2019

The Septem ber Faster Payments Tracker explores new initiatives aimed at better serving SMBs’ payment needs as well as other key developments in the space. Around the Faster Payments World. The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system.

P2P

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.

Fed

PYMNTS

OCTOBER 3, 2018

Faster payments in the U.S. But for all the powerful things that faster payments unlocks, in payments, in lending or in SMB transactions, there is the downside. Faster payments can mean faster fraud, and fraud is already a more than $1 trillion problem each year. by the end of 2018. $10

Faster Payments

PYMNTS

JULY 10, 2017

financial players active in the payment infrastructure, is a government-backed mandate necessary to keep these various entities on the same page? That’s a question the Federal Reserve Faster Payments Task Force is considering as it looks at ways to make U.S. faster payments safer and more efficient.

Faster Payments

PYMNTS

NOVEMBER 15, 2017

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. consumers and to businesses, standard practice across transactions of all sizes.

Fed

PYMNTS

NOVEMBER 23, 2016

But with federal officials now pressing for faster payments technologies to get off the ground, time is running out for the nay-sayers to be convinced. The firm has introduced real-time payments capabilities for its Bank Centric Payments platform, built for financial institutions. Doubt plagues any disruptive technology.

Real Time Payments

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. payments system via faster payments.

Federal Reserve

PYMNTS

MARCH 9, 2020

Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S., Ledford recently spoke to PYMNTS to explain how companies can design faster payment schemes that stand out from existing systems yet are easily adopted.

RTP

PYMNTS

JULY 24, 2019

Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. The latest Faster Payments Tracker looks into the newest developments and initiatives related to making faster payments happen. Security as an Added Benefit.

Real Time Payments

PYMNTS

JUNE 16, 2016

Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures. ” Payments Security. . ” Payments Security.

Security

PYMNTS

SEPTEMBER 7, 2017

“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, faster payments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous. Efficiency.

Fed

The Payments Association

FEBRUARY 13, 2025

Outdated security methods like OTPs and siloed authentication methods dont provide the strong security or seamless customer experience needed to stay competitive post-PSD2. Faster payments and faster fraud As new payment use cases and systems take flight, new fraud risks naturally introduce themselves.

Authentication

Segpay

SEPTEMBER 24, 2024

In the UK, Faster Payments is the bank-to-bank solution allowing consumers to circumvent using the card networks. A few of our merchants have integrated UK’s Faster payments and one of them, a large cam merchant, reported a 20 percent increase in their UK transactions after implementing it.

Accounts

PYMNTS

AUGUST 3, 2016

Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. What’s happening in the world of Faster Payments. As Faster Payments become a reality, the issue of fraud is taking center stage. Now, it’s coming to life.

Same Day ACH

PYMNTS

FEBRUARY 3, 2020

Vasir said the drive toward faster payouts and real-time access to earned wages has introduced new use-cases for faster payment networks in the payroll space. A New Data Security Paradigm. He highlighted The Clearing House’s recent decision to raise the threshold limit for RTP transactions from $25,000 to $100,000.

Payroll

Payments Source

AUGUST 5, 2019

Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system.

Real Time Payments

PYMNTS

MAY 26, 2016

.” He said that the demand for payments security among SMEs first emerged in Europe and quickly crossed over to North America in recent years. But in a departure from the sentiments of some other B2B payments players, that need for security isn’t necessarily stemming from the approach of faster payments.

B2B

PYMNTS

AUGUST 25, 2017

“Dave’s leadership experience in many facets of our payments responsibilities and his commitment to the work are exceptional, and I am delighted to have him lead the next phase of our improvement efforts.”. As part of the position, he will collaborate with financial services business leaders already working with the Fed on these efforts. “I’m

Federal Reserve

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Instant payment systems, such as TCH’s RTP and the U.K.’s

Payer

PYMNTS

MARCH 16, 2018

The profiles serve as educational materials outlining the lifecycles, security characteristics and relevant laws and regulations for the most common payment types, the Federal Reserve said in a press release. “We payment system and keeping pace with the rapidly evolving and expanding threat environment.”.

FedPayments Improvement

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Risky Business.

Same Day ACH

PYMNTS

JUNE 7, 2018

Centtrip works to identify an industry’s most painful payment problems, including high payment fees, issues with multiple accounts and reconciliation and more. Jamieson shared his take on the future of the payments space. The need for faster payment and reconciliation affects a variety of businesses.

Master Account

PYMNTS

JULY 5, 2019

The best speed in payments is usually faster – both when getting paid and when paying out. But picking up the pace is not as easy as flipping a switch and saying go – with faster payments come the chances for faster fraud , and more possibilities that transactions will go by too fast to be properly secured and verified.

Faster Payments

PYMNTS

MAY 23, 2019

“In some cases, clients are looking for significant rebate opportunities, or are looking for maximum efficiencies, or added payment security,” she said, and automation is increasingly grabbing attention as companies gear up for faster payment rails. Where We Are Now.

Automation

PYMNTS

AUGUST 7, 2019

In faster payments news, the Fed is planning to build its own instant clearing and settlement rails. 2015: The year the Fed launched its 500-person Faster Payments Task Force. And, in retail, malls are looking for innovations with new uses for old commerce spaces. All this, Today In Data.

Fed

PYMNTS

FEBRUARY 13, 2018

ANZ Bank, meanwhile, is waiting to roll out its real-time payments capabilities as it continues “rigorous testing” of the tool. A spokesperson for the bank told the publication it would be making an announcement in the coming weeks about its faster payments offering.

Real Time Payments

PYMNTS

FEBRUARY 29, 2016

and other markets, and it’s entirely different; they’ve gone much faster towards faster payments and towards ePayments, and it’s been spurred directly by government action.”. Bottomline processes a “substantial amount” of the payments going through the U.K.’s s Bacs and Faster Payments systems, for example.

Innovation