Fintech Finance

SEPTEMBER 13, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments.

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Fintech Finance

FEBRUARY 20, 2025

However, challenges such as interoperability and fraud must be addressed to fully unlock the potential of faster payments. Overcoming cost and interoperability hurdles through innovative solutions will be key to sustaining this momentum and delivering on the promise of faster payments.

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Fintech Finance

MARCH 30, 2025

EuroPA enables interoperability between Bancomat, Bizum and MB WAY, connecting more than 50 million users and 186 financial institutions from Italy, Portugal, Spain and Andorra. This initiative aims to strengthen the innovative and trusted European payment infrastructure.

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Fintech Finance

JANUARY 21, 2025

In the architecture of the VOP scheme, the EDS enables reachability and interoperability between VOP scheme participants. This agreement marks a significant milestone in advancing the VOP scheme, ensuring greater security and interoperability in payments across Europe.

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Fintech Finance

MAY 1, 2025

AfricaNenda Foundation has released its 2024 Annual Report, marking a significant year of transformation and impact in its mission to accelerate access to inclusive instant payment systems (IIPS) across Africa. Key achievements included: Expanding access to IIPS in Cabo Verde, Mauritania, Rwanda, South Sudan, and the CEMAC region.

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Fintech Finance

JULY 11, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

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Instant Payments Facilitators ISO 20022 Message Standards 115

Fintech Finance

MARCH 30, 2025

EuroPA enables interoperability between Bancomat, Bizum and MB WAY, connecting more than 50 million users and 186 financial institutions from Italy, Portugal, Spain and Andorra. This initiative aims to strengthen the innovative and trusted European payment infrastructure.

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Fintech Finance

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed. SEPAmail.eu

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Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments.

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PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s Current Efforts .

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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.

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Fintech Finance

APRIL 7, 2025

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published a new report, How a Directory Service Accelerates Instant Payments , produced by the FPC Directory Models Work Group. ” The post U.S. ” The post U.S.

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PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Looking Toward Interoperability And Scale .

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The Payments Association

JUNE 3, 2025

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.

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Fintech Finance

JUNE 18, 2024

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cashflow, and increase their competitiveness. Harnessing the benefits of instant payments in Europe.

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SWIFT Instant Payments Cross-Border Payments Cross-Border 97

Fintech Finance

OCTOBER 15, 2024

The first available use is for proximity-based person-to-person (P2P) payments. Instant payments can be made between accounts at different banks or at the same bank, without using bank details. The service also facilitates person-to-person payments, offering a quick, simple, and free method for users.

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The Fintech Times

JULY 15, 2024

By August 2023, the 50 largest banks in S witzerland must be capable of processing instant interbank payments, with all participants in the Swiss customer payment system expected to achieve this capability by the end of 2026.

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Instant Payments ISO 20022 Fraud Prevention Message Standards 72

PYMNTS

DECEMBER 1, 2020

Eugenio Tornaghi , director of Marketing & Sales at SIA, called the new payment system's launch a confirmation of "our strong partnership with central institutions to deliver secure, mission-critical and high-performance platforms and to enable challenging digital transformation programs in the payments ecosystem," according to the release.

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Fintech News

NOVEMBER 12, 2024

However, challenges remain, particularly regarding interoperability. To address this, stakeholders including NETS Group and Liquid Group are working on interoperable QR payment solutions that are designed to simplify processes for merchants, Chia said.

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PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Lael Brainard said the coronavirus crisis has heightened the need for instant payments.

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The Payments Association

MARCH 19, 2025

Ensure seamless payment integrations across multiple regions, supporting local schemes like SEPA, FedNow, FPS, and instant payments without complex workarounds. Deliver, or fail fast, fix, and move on!

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Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Fintech Finance

JUNE 18, 2024

STET’s platform uses ACI Low Value Real-Time Payments as a SaaS service, offering sophisticated routing and processing capabilities to enable its 20 member banks to connect directly to the European schemes, TIPS and RT1, hence providing full pan-European reachability and interoperability for instant payments.

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Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. One idea is to have a central system for checking payments against sanctions lists, which could make the process faster and simpler.

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Cross-Border Payments Cross-Border Interoperability Payments 122

The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

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Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

The Fintech Times

JUNE 19, 2024

Small and medium enterprises (SMEs) across the European Union currently feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve cashless, as well as their competitiveness; according to new research by financial messaging network Swift. One in five expect to be more competitive.

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Fintech News

FEBRUARY 28, 2025

Yet, despite the rise of instant domestic payments, cross-border transactions remain slow, costly, and inefficient. Domestic instant payment systems (IPS), such as Malaysias DuitNow and Singapores PayNow, have revolutionised payments within their respective countries.

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Cross-Border Payments Cross-Border Payment APIs and Integration ISO 20022 70

Fintech Finance

FEBRUARY 27, 2025

Dock and Credibanco have joined forces to support Bre-B, a new instant payments tool launched by Colombia’s Banco de la República to transform the Colombian payment system. Security, a key component in instant payments, is another fundamental pillar of Credibanco’s offering.

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PYMNTS

JULY 6, 2020

Joining Webster on the panel were Ingo Money CEO Drew Edwards ; Cecilia Frew , senior vice president with Visa ; Manish Kohli , Citi ’s global head of payments and receivables; Jim Magats , senior vice president at PayPal ; and Russ Waterhouse , executive vice president of product development and strategy at The Clearing House.

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PYMNTS

JANUARY 21, 2019

The Tracker found that some 74 percent of business executives cited a lack of interoperability as a major inhibitor to their real-time payments adoption, along with the operational and process challenges that come with ”living in a world where money moves that fast.”. “Ten The same thinking has now crossed the instant payments chasm.

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Fintech News

DECEMBER 22, 2024

Cross border payments and digital advances in Singapore Singapore has made advancements in digital payments and emerging challenges in cross-border interoperability. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0,

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FinTech Cross-Border Payments Cross-Border Money Laundering 113

The Fintech Times

MAY 7, 2024

Across much of the world, instant payments have quickly become the norm. In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed.

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PYMNTS

DECEMBER 20, 2018

The pair recently launched Accelerated Funding, a new solution that gives consumers more options when receiving payments from corporates. The solution includes options for next-day, same-day, “Express” or instant payments, serving small and medium-sized merchants. About The Tracker.

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Instant Payments Consumer Real Time Payments Interoperability 57

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.

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Faster Payments Council

AUGUST 23, 2024

However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments.

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Fintech Finance

APRIL 11, 2025

Banks worldwide are managing complex, multi-year, multi-million-dollar modernization projects, including ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US. However, what isn’t changing is the complexity of payments modernization. General AI tools lack precision and in payments, 99% accurate is not good enough.

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ISO 20022 AI ISOs Payments 64

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

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PYMNTS

FEBRUARY 1, 2021

To get a sense of the present state — and future — of instant payments, look to Italy. It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. These days that “stable and efficient growth” has a lot to do with real-time payments.

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