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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

The shift from traditional payment methods to modern digital solutions is no longer optional; it is essential for delivering public services effectively and meeting citizen expectations. Security Risks: Older systems are more vulnerable to cyber threats, putting sensitive citizen data at risk.

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Canadian Merchant Accounts: Top-Rated Payment Processing with EBizCharge

EBizCharge

Fragmented payment systems: Unaligned payment systems may force businesses to juggle multiple platforms, providers, and processes to accept and reconcile payments. Level 2 and 3 processing is primarily used for business-to-business (B2B) and government payments.

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5 Key Takeaways from Trump’s Payments Modernization Initiative

Finovate

This week’s EO stipulates the move to “fast, electronic payments,” which will change the expectations of even underbanked and elderly populations that rely on government monetary benefits. The move will ultimately bring stricter standards to government payments and will help foster consumer trust.

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Finovate Global: Talking Fintech Regulation in the European Union with EverC’s Maya Shabi

Finovate

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more.

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Strengthening Payment Security: Government Fraud Detection for Compliance Managers and Auditors

Core

Not only do these losses impact the community at large, but payment fraud can also significantly undermine the integrity of local government operations for years. Procurement fraud can include kickbacks, bid rigging, or conflicts of interest between government employees and vendors.

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ACI Worldwide and STET: European Instant Cross-Border Transactions Reach New Record High

Fintech Finance

By leveraging ACI’s state-of-the art technology, banks and PSPs across Europe can connect to STET’s Instant Payments CSM quickly and cost effectively, giving broad European reachability,” said Regis Folbaum, CEO, STET.

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How Governments Navigate ACH Payments Innovation

PYMNTS

. “We’ve been helping governmental agencies for about 20 years now, and over that timeframe, we have definitely seen that ACH has played a much bigger role than it used to, and governments are embracing that,” he said. Business-To-Government Payments.

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