The Payments Association

DECEMBER 2, 2024

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. These changes are not just reshaping the way payments are processed however, also redefining the responsibilities of firms operating in this space.

Regulations

The Fintech Times

APRIL 27, 2025

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. The report also reveals significant concerns around fraud.

RTP

The Fintech Times

DECEMBER 18, 2024

This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g. This service covering 98 per cent of the Italian market share, allows providers to operate more efficiently in fraud prevention.

Finance

Finextra

MAY 29, 2025

At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-time payment systems impact PSPs and their customers.

Instant Payments

Fintech Finance

AUGUST 11, 2025

Enhanced security with bank-authenticated payments and confirmation of payee. Significant reduction in fraud, chargebacks, and manual errors. A leading UK automotive dealership group with 22 locations has selected Payit powered with Prommt to manage payments across car sales, service, and parts.

Payment APIs and Integration

Finextra

JULY 7, 2025

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses. This case shows AI’s power to make credit more inclusive and convenient.

AI

Finextra

JUNE 6, 2025

Technology Transformation Drivers Several technological shifts are reshaping the industry: Infrastructure Evolution : The move to cloud computing, ubiquitous mobile connectivity (90% UK mobile ownership), API-driven architectures, and component-based systems is starting to replace monolithic legacy infrastructures.

Technology

Fintech News

JUNE 10, 2024

Through iPiD’s real-time verification capabilities, Eastnets’ clients can confirm the name and bank account details of payment beneficiaries before transactions occur. This is particularly crucial for instant payments, where funds are irrecoverable once sent. said Deya Innab, Eastnets’ Deputy CEO.

Fraud Prevention

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee

Fintech Finance

OCTOBER 9, 2024

This partnership enables the Italian and French communities, via their PSP, to secure their cross-border payments in offering a high added-value service to meet the requirements of the Instant Payment Regulation and beyond. The post CBI and SEPAmail.eu

IBAN

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. By October 2025, institutions must also handle outgoing instant payments. Compliance hurdles are significant.

Instant Payments

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

Cross-Border Payments

FICO

JUNE 26, 2018

The appointment of a steering committee to seek consensus on the details of the code including: Pre-conditions for payer and payee on standards that meet the criteria for recovery of stolen money. It is expected that the code will not be retrospectively applied to fraud that pre-dates it. The standards PSPs will be expected to follow.

Real Time Payments

Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

Payee

Fintech Finance

JUNE 10, 2024

This collaboration will enhance the security and efficiency of payments for banks, corporates, and other financial institutions, reinforcing the protection of their customers and suppliers against financial fraud globally. This service is vital for ensuring the accuracy of instant payments, where funds are irrecoverable.

Payee

Fintech Finance

JUNE 5, 2024

This funding will accelerate iPiD’s efforts to enhance payment security globally, with a focus on strategic markets like Europe and Asia. Founded in 2021 by a team of former Swift executives, iPiD provides cutting-edge payee verification and identification solutions. Confirmation of Payee in the UK is a case in point.

Payee

The Fintech Times

OCTOBER 31, 2024

LSEG Risk Intelligence , the compliance, risk management and fraud prevention solution provider, has launched two new products designed to enhance financial security and drive operational efficiencies across the globe. It requires that all payment service providers within the bloc offer 24/7 instant payments starting January 2025.

Mitigation

The Fintech Times

MARCH 13, 2024

Kate Troup , a financial services regulatory lawyer at law firm Fladgate , explains how the ‘golden era’ of instant payments is over. When it comes to fraud, liability is shifting from consumers onto banks who are increasingly being expected to refund their customers when fraud takes place.

Transactions

FICO

MARCH 16, 2021

Money mule networks gain faster traction in countries offering instant payments, as these help move and layer-in funds far faster than law enforcement can track. Tactics to evade detection often include sending money through previously used payees. Use a service provider to facilitate money laundering.

Money Laundering

Seon

JULY 27, 2023

FedNow, the instant payment service that launched in the US on July 20, 2023, could bring significant new developments to your organization. Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses. What Is FedNow?

FedNow

The Fintech Times

APRIL 28, 2025

To strengthen Denmark’s position in the fight against payment fraud, Finance Denmark , the country’s association representing banks, mortgage institutions and financial firms, has selected SurePay to provide a national Verification of Payee service. ” SurePay is currently rolling out VOP in Belgium.

Payee