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FIS Unlocks Second Half of FedNow® Instant Payments Network Potential with New Send Certification

Fintech Finance

FIS (NYSE: FIS), a global leader in financial technology, has announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserves FedNow instant payment service.

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Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP

Fintech Finance

That set the precedent for Wise to be granted direct access to payment systems in the EU in 2020, as well as Singapore and Australia in 2021. Last month, Wise also received approval to join Japan’s domestic payment network, Zengin, and secured a Payment Institution licence to connect directly to Brazil’s instant payment system PIX.

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Consumers and Businesses Aligned as Both Prioritise Instant Payments and Fraud Prevention, Says DGN

The Fintech Times

Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.

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Visa using AI to fight instant payments fraud

Bank Automation

Visa is deploying AI to fight fraud on instant payment networks as businesses and consumers ramp up the use of the payment channels. The payments giant developed the solution in-house, James Mirfin, senior vice president and global head of risk and identity solutions, told Bank Automation News.

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Instant payments ‘really kick up’ during holidays

Bank Automation

The Clearing House’s Real Time Payments network is seeing growth in adoption and transaction volume as consumers, small- and medium-sized businesses and large enterprises demand instant payment capabilities.

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dLocal and Spreedly Strengthen Partnership to Expand Global Payment Access in Emerging Markets

Fintech Finance

The enhanced agreement will expand the companies’ collaborative efforts beyond Latin America into Africa and Asia-Pacific (APAC), offering customers access to dlocal’s over 900 alternative payment methods (APMs) and the extensive benefits of Spreedly’s vast payment ecosystem in these high-growth regions.

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Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

Payfinia’s IPX platform will play a key role in the CUSO, helping organizations leverage FedNow to offer instant payments while providing fraud prevention. “Star One is proud to support Payfinia and its vision of making instant payments accessible to all account holders in the U.S.,” million in Seed funding.