Faster Payments Council

SEPTEMBER 6, 2024

While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high.

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Instant Payments RTP FedNow ISO 20022 128

Faster Payments Council

AUGUST 23, 2024

While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high.

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Instant Payments RTP FedNow ISO 20022 128

Faster Payments Council

AUGUST 16, 2024

While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue. The stakes are certainly high.

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FedNow Instant Payments RTP ISO 20022 125

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

SEPTEMBER 24, 2024

Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with Anadolubank Nederland N.V. for its cloud-based instant payments solution. This partnership will enable Anadolubank to seamlessly comply with the new EU Instant Payments regulation.

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Instant Payments Regulatory Compliance Compliance Payment APIs and Integration 97

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. We can also see opportunities for small and medium businesses.

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Instant Payments FedNow Fed Interoperability 97

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

The Fintech Times

FEBRUARY 5, 2024

Within the research , Juniper Research found instant payments will revolutionise B2B payments by enabling cheaper and more secure cross-border trade. They will reach 42 per cent of all cross-border payments by 2028, at $16trillion; up from just 17 per cent in 2024, at $5trillion.

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Cross-Border Payments Cross-Border ISO 20022 Research 119

PYMNTS

NOVEMBER 10, 2020

Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients.

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B2B Real Time Payments Value Added Service ISO 20022 117

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 interoperable solution, developed by CBI and SEPAmail.eu

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IBAN Interoperability Payee Verification 105

PYMNTS

JULY 26, 2017

As EBA Clearing continues to test its real-time, cross-border payments solution, the firm has announced another financial services company on-boarded to the service. UniCredit, based in Italy, said it is testing the RT1 pan-European instant payment solution developed by EBA Clearing, reports said Tuesday (July 25).

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Instant Payments Cross-Border Payments Cross-Border Payments 51

Fintech Finance

MAY 29, 2024

Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with Banque Raiffeisen , making them Worldline’s first client on its cloud-based instant payments solution in Luxembourg. We look forward to working more closely with Banque Raiffeisen in new and exciting ways.”

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Instant Payments Agreements Process Payment APIs and Integration 52

Fintech News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. A notable innovation is Visa’s real-time fraud prevention service for immediate payments, such as P2P digital wallets and instant payment systems operated by central banks.

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Fraud Prevention AI Value Added Service Fraud Detection 111

PYMNTS

OCTOBER 28, 2020

We can see that cash has been reduced in favor of electronic accounts and instant payments,” he said. For instance, Scaffidi said that real-time payments (RTPs) are gaining trust at the same time that credit cards are not always seen as the right payments instrument.

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Emerging Payments Real Time Payments RTP Payments 109

The Fintech Times

DECEMBER 31, 2023

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

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Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 124

PYMNTS

DECEMBER 15, 2020

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. According to the bank, it is the first in Canada to introduce faster payments for business customers. Fabrick, Nets Collaborate On Instant Payments.

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Innovation Cross-Border Payments Cross-Border Real Time Payments 94

The Payments Association

APRIL 23, 2025

SEPA Instant promises faster, 24/7 payments across Europe, but with few banks ready, urgent investment is needed to meet rising demand and regulatory deadlines. Instant payments have emerged as awidely adopted benchmark over recent years, capable of reshaping customer expectations and business operations across various sectors.

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Real Time Payments Innovation Instant Payments Payments 88

PYMNTS

AUGUST 20, 2020

Adopting Phixius is “a logical next step in the expansion of Visa’s solutions driving efficiency and delivering value-added services to buyers and suppliers,” according to Visa Business Solutions SVP, Global Head of New Payment Flows Alan Koenigsberg. Azerbaijan Launches Instant Payments Rail.

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RTP Phixius FPC NACHA 101

The Fintech Times

SEPTEMBER 25, 2024

is improving its compliance with EU Instant Payments regulation following a new partnership with payment services provider, Worldline. The new partnership will see Worldline provide Anadolubank with its cloud-based instant payments solution for five years, accelerating digital transformation while remaining compliant.

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Payment Solutions Regulations Payment APIs and Integration Instant Payments 59

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. Over the next two years, the Belgium-based cooperative said the initiative will provide transaction management services.

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Cross-Border SWIFT Cross-Border Payments Value Added Service 139

Fintech Finance

JUNE 25, 2024

Wero , the new European payment solution developed by the European Payment Initiative (EPI) will be available to Computop customers from the moment it launches e-commerce payment in mid-2025. While payments between individuals will be available in 2024, online retailers will be able to offer wero payments by mid-2025.

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Payment APIs and Integration Cross-Border Payments Cross-Border Value Added Service 98

Finextra

JULY 23, 2024

The pair pay close attention to European regulations that are mandating instant payments, as well as the One-Leg Out Instant Credit Transfer and the G20's bid to ensure payments get faster, cheaper and more transparent.

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Payments Trends Value Added Service Instant Payments Payments 52

PYMNTS

OCTOBER 1, 2020

Last month, the company announced its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. Over the next 24 months, Swift said the project will provide transaction management services to create new value-added services to support business growth.

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Cross-Border Payments Cross-Border SWIFT Payments 113

The Fintech Times

MARCH 27, 2024

The new products, integrated into the end-to-end Visa Protect suite, aim to diminish fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network.

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Fraud Prevention AI Value Added Service Fraud Detection 59

Fintech Finance

MARCH 27, 2024

Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions.

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AI Product Fraud Prevention Value Added Service 52

PYMNTS

OCTOBER 28, 2019

The payments industry has been riding the wave of shifting consumer habits and demands, placing the end-user experience at the forefront of new products, services and infrastructure. What’s so important about open banking, though, is its opportunity to usher in those value-added services and transform the broader user experience.

Real Time Payments 40

Real Time Payments Instant Payments Value Added Service Payment APIs and Integration 40

The Fintech Times

JULY 24, 2024

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. Are instant payment methods becoming more mainstream in the US?

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PYMNTS

JANUARY 17, 2020

“Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” Visa CEO Al Kelly told investors on a conference call after the deal was announced, adding that Plaid provides “a terrific platform for extending” Visa’s integrated payment solutions and value-added services.

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Payment APIs and Integration Instant Payments Payments Settlement 52

PYMNTS

OCTOBER 18, 2017

Temenos recently released research with Ovum, the “ 2017 Transaction Banking Survey: Challenges & Imperatives of Real-Time Payment and Liquidity ,” that found 80 percent of corporate treasurers are exploring their options and considering switching banking providers if it means they’ll gain access to better, value-added services.

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ISO 20022 Risk Management Real Time Payments On-Demand 49

Finovate

JUNE 14, 2024

Banknbox is a regional payment solutions and processor offering issuing and acquiring services, as well as value-added services such as billpay and fraud management. Talino Venture Studios and Chemonics International unveiled an instant payment system, Higala , in the Philippines.

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PYMNTS

NOVEMBER 8, 2017

.’s development of the Open Banking initiative, a government effort to launch a set of banking APIs to the industry, Faster Payments is likely to see increased innovation through third-party development of value-added services that could likely include B2B payments use-cases — at least, eventually.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

APRIL 14, 2017

For Mastercard, “we apply value-added services in milliseconds,” with innovation brought at the application level. To modernize the financial system, there must be 24/7 availability of payments. Even in embracing digital, he said, “you keep the core constant and then you put layers on top.”

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ACH Network ACH Payments ISO 20022 42

PYMNTS

DECEMBER 24, 2019

Making Instant Payments a Hit. Instant payments is an innovation that doesn’t require much explanation. What’s Next for Merchant Services. It’s been a wild ride for payment and merchant services in 2019. What’s Next for Visa Next?

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Payment APIs and Integration Credit Union Online and Mobile Banking Payments 53