Fintech Finance

JUNE 23, 2025

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.

Regulatory Compliance 59

Regulatory Compliance Compliance Cross-Border Payments Cross-Border 59

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.

Instant Payments 98

Instant Payments Faster Payments FPC Interoperability 98

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 114

Fraud Prevention Global Payments Payee Verification 114

Fintech Finance

JANUARY 7, 2025

Tietoevry Banking , the leading provider of financial software solutions, is today announcing that it has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions.

Verification 98

Verification Payee Payer Security 98

Stax

MARCH 27, 2025

To choose the right payment method, consider transaction volume, transfer speed, cost, and security. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. With other EFT methods, only the payer can send payment manually.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Fintech Finance

APRIL 9, 2024

EBA CLEARING has announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024. The roll-out of Verification of Payee is one element in the comprehensive preparation programme that the Company is engaging in with its user community to take instant payments to the next level.

Payee 52

Payee Verification Instant Payments Regulatory Compliance 52

Fintech Finance

FEBRUARY 5, 2025

Numeral , a Mambu company, a leading payment technology provider for financial institutions, today announces the launch of its fully managed Verification of Payee (VOP) solution, empowering financial institutions to comply with the European Unions VOP regulation by the October 9, 2025 deadline. Download the guide at www.numeral.io/guides/guide-to-verification-of-payee

Payee 59

Payee Verification Compliance Payment APIs and Integration 59

PYMNTS

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. percent, state that most of their non-government payments come through non-instant methods and take more than a day to receive.

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94

PYMNTS

JANUARY 3, 2020

Rarely do consumers and businesses agree on anything as much as they have on instant. Now, legacy FIs and a host of other players are scrambling to get a piece of the instant money action. Inspecting the “up-and-to-the-right” growth curve of instant payments , it’s no shock how many players want in. Making Money Fast.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

Fintech Finance

AUGUST 15, 2024

The Sionic Fraud Protection Service (FPS) is the final component required for true Pay-by-Bank transactions at the point of sale, alongside verified buyer and seller credentials, a consistent customer experience and automated dispute resolution instantly between payers and payees.

AI 97

AI Fraud Detection Technology Real Time Payments 97

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

DECEMBER 27, 2019

The word is out about instant payments — a fact made largely indisputable by the numbers. Instant disbursements are also picking up steam where it really counts — usage. When we asked in 2017 how many consumers have received an instant payment, the answer was a mere 11 percent. Choice: The Golden Rule of Instant .

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 52

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 52

Payee Instant Payments Verification Payer 52

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. We have taken a more comprehensive look at global real-time payments in our white paper Fraud in the World of Real-Time Payments.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Irrevocability 63

PYMNTS

JANUARY 12, 2021

Instead, it lacks the necessary recipient experience to enable instant payments. There is no customer experience between the government, as a payer, and the citizen recipient. And it’s a problem that is fairly unique to the government, he noted. The real missing link is that there is no digital engagement,” Edwards explained.

Governance 90

Governance Government IRS Payer 90

PYMNTS

MARCH 9, 2020

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

Fintech Finance

JULY 4, 2024

The Bank for International Settlements (BIS) defines offline payments as the transfer of a digital money token between devices that takes place without the payer and payee requiring a networked connection to any ledger system or backend system to complete the payment.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

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 40

Payee Service Provider Verification Compliance 40

PYMNTS

SEPTEMBER 8, 2020

Yet, the way consumers receive disbursements stands in stark contrast to how many of them make payments today, with one-touch simplicity of peer-to-peer (P2P) apps like Venmo and digital wallets like Apple Pay. Our research reveals a perception gap between payers and payees when it comes to payment choice.

Small Business 73

Small Business Instant Payments Venmo Direct Deposit 73

PYMNTS

JULY 6, 2020

It Takes a Village to Build an Instant-Payments Ecosystem. The COVID-19 pandemic and the move to digital commerce it has spawned is giving fresh impetus to the idea that payments must move from payer to payee in real time. Here’s why.

Payee 52

Payee Payer Payments Audit 52

PYMNTS

NOVEMBER 18, 2020

One of the reasons that the RTP network, and instant payments in general, are a good thing for businesses to use for B2B payments is that it allows the business to have much more control over the payment process," he explained. But certain trends are emerging. It's not just about the speed.".

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

AUGUST 30, 2018

The company was recently certified by the Eurosystem, enabling the company to provide access to the monetary authority’s TARGET Instant Payment Settlement ( TIPS ) platform and RT1, the instant payment service offered by EBA Clearing. Meanwhile, emerging FinTech players are creating increased competition for SWIFT.

Cross-Border 40

Cross-Border Cross-Border Payments Same Day ACH SWIFT 40

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 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40