Fintech Finance

JANUARY 2, 2025

” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. payments industry on its faster payments journey.” faster payments infrastructure. .”

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

Finextra

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

SWIFT 132

SWIFT Payee Interoperability Payment Message 132

The Payments Association

JANUARY 15, 2025

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

Finextra

JULY 4, 2024

Exploring the impact of the regulation on the industry and Swift's role, the discussion covers how interoperability can be facilitated between domestic Verification of Payee providers, enhancing their reach across Europe and beyond, while simplifying compliance with the regulation for financial institutions.

Interoperability 59

Interoperability Instant Payments Cross-Border Payments Cross-Border 59

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

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee 59

Payee SWIFT Cross-Border Cross-Border Payments 59

Fintech Finance

JUNE 18, 2024

The regulation mandates Verification of Payee (VoP) for cross-border payments within the Single European Payment Area (SEPA) by October 2025. Many countries use VoP at a domestic level, but interoperability between these schemes is critical to its success on an international scale. One in five expect to be more competitive.

SWIFT 97

SWIFT Instant Payments Cross-Border Payments Cross-Border 97

The Fintech Times

APRIL 27, 2025

In response, 96 per cent of US banks back the implementation of a confirmation of payee scheme to protect against fraud. Interoperability interest is high, but action is low While 92 per cent of banks are considering interoperability and 52 per cent are strongly considering it, very few (two per cent) have started their journey.

RTP 45

RTP FedNow Instant Payments Payee 45

Finextra

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. SEPAmail.eu

IBAN 64

IBAN Payee Interoperability Verification 64

Fintech Finance

APRIL 7, 2025

As instant payments adoption continues to grow, financial institutions, fintechs, and payment service providers face challenges in managing account information, ensuring interoperability, and mitigating fraud risks. “By securely connecting payers and payees, directories reduce friction and drive broader adoption. .

Instant Payments 98

Instant Payments Faster Payments FPC Interoperability 98

PYMNTS

DECEMBER 18, 2017

“If I send you a message, there is all kinds of interoperability happening in the background that is moving the data from one network to another and one platform to another. What it should be focused on instead is how to make payments systems interoperable. Integrations Vs. Interoperability.

Interoperability 47

Interoperability Payments Payee Bitcoin 47

Finextra

JUNE 12, 2024

FinextraTV and Banfico’s CEO Kannan Rasappan explore all the current moving pieces of the puzzle for payments service providers in the EEA region, dive deep into the biggest challenges ahead of compliance with the incoming instant payments regulation in October 2025 and how Verification of Payee will impact this.

Interoperability 59

Interoperability Regulations Cross-Border Payments Cross-Border 59

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

MAY 31, 2018

This makes interoperability that much more difficult to achieve. When you think about interoperability, a key element of that is standardization,” Throckmorton explained. “If ISO is about interoperability, but the selling point for standardization is also one of great efficiency,” he said. About the Tracker.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

PYMNTS

APRIL 30, 2020

The combination will achieve that goal through a Contextual Funds Transfer (CFT) payment rail, connected to the businesses’ enterprise resource planning (ERP) and supply chains, which would ultimately create interoperability for business payments and more visibility.

B2B 67

B2B ISO 20022 Interoperability Funds Transfer 67

PYMNTS

OCTOBER 1, 2018

According to NACHA , the B2B directory will be structured as a network of credentialed service provider “sub-directories,” in which trusted and validated payee information will be stored. Credentialed service providers will allow access to the stored electronic payment information, including ACH payment details and other payment methods.

NACHA 56

NACHA Business Payments Payee ACH 56

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. The Coexistence Of Rails.

B2B 119

B2B Payer Payments BNPL 119

The Fintech Times

JUNE 19, 2024

The EU’s Instant Payments Regulation mandates the Verification of Payee (VoP) for cross-border payments within the Single European Payment Area (SEPA) by October 2025. One in five expect to be more competitive.

Instant Payments 59

Instant Payments SWIFT Cross-Border Payments Regulations 59

PYMNTS

AUGUST 31, 2020

A growing group of financial institutions (FIs) are placing themselves at the forefront of the modernization push by engineering disbursements frameworks easily accessed via digital platforms, and which promise to improve the experience for payees and payors alike. “In Underestimating Real-Time Requirements.

Payee 60

Payee Cross-Border Instant Payments Push-to-Card 60

PYMNTS

MAY 30, 2018

Inside the new Smarter Payments Tracker , PYMNTS explores the latest interoperability developments that are helping banks and FinTechs open up new lines of communication and speak a common language. Recognizing the need to rise to customer expectations, many FIs around the globe are turning to APIs to promote greater interoperability.

Payment APIs and Integration 52

Payment APIs and Integration ISO 20022 Interoperability NACHA 52

PYMNTS

NOVEMBER 12, 2020

Edwards added that “we see mobile wallets like PayPal as a significant and material component in the future of disbursements and payee choice for all consumers and small businesses, including the unbanked segment. A Positive Trend In A Tough Year.

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

The Payments Association

APRIL 23, 2025

The verification of payee (VoP) requirement represents another challenge that must be addressed by October, adding further pressure to banks. Systems that verify the IBAN matches with the intended recipients name notably a feature not previously mandatory in SEPA credit transfers are now compulsory.

Real Time Payments 88

Real Time Payments Innovation Instant Payments Payments 88

Neopay

NOVEMBER 26, 2024

Key concerns include sanction screening, anti-money laundering (AML) requirements, fraud detection, and the Verification of Payee protocols. The ISO 20022 Transition A significant aspect of compliance is the adoption of the ISO 20022 standard, which enhances data richness and interoperability in financial messaging.

Instant Payments 52

Instant Payments ISO 20022 Regulations ISOs 52

PYMNTS

DECEMBER 12, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Data Breach 66

Data Breach Payments Faster Payments Breach 66

PYMNTS

NOVEMBER 7, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Electronic Funds Transfer (EFT) 63

Electronic Funds Transfer (EFT) Faster Payments Payments Governance 63

Finovate

SEPTEMBER 20, 2024

The key development, which has not yet been replicated in developed markets, is the full banking interoperability that open banking enables in Uzbekistan. Bulgaria-based Paynetics teamed up with tell.money to launch its Confirmation of Payee (CoP) service. Egyptian fintech SETTLE raised $2 million in pre-seed funding.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

PYMNTS

AUGUST 3, 2018

“Our B2B Directory will not only provide access to this information, but support routing instructions, preferred payment methods, remittance details, delivery preferences and more — all in a standardized way clearing the path for interoperability and greater efficiencies.”.

B2B 40

B2B NACHA API Payments 40

PYMNTS

APRIL 4, 2018

Today’s smarter payments are delivered much faster – within hours or even just a few seconds – and include data to inform both payers and payees. The debut of these solutions has already dramatically changed the nature of payments, making them considerably smarter than those of days gone by.

Tax Refunds 40

Tax Refunds Blocks Payment APIs and Integration Faster Payments 40

PYMNTS

JUNE 22, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Account Takeovers 43

Account Takeovers Accounts Data Breach Breach 43

M2P Fintech

MARCH 28, 2024

Unlike widely accepted open-loop systems like Visa, they offer limited interoperability. Pull Payments Pull payments are a type of electronic transaction where the payee initiates the transaction and withdraws funds directly from the payer’s account with the payer’s prior authorization.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

AUGUST 12, 2016

As a result, the employer relies on payment methods that are decades old, including wire transfers and paper checks, which is a head-scratcher given the fact that ACH isn’t interoperable worldwide. The end result as transactions increase but hoary methods persist? Bottlenecks. But there’s a path, Hyperwallet contends.

Economy 40

Economy Cross-Border Wire Transfer Payee 40

PYMNTS

AUGUST 30, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to be become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Cross-Border 40

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

PYMNTS

JUNE 25, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems, and improve the payer and payee experience.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

The Fintech Times

FEBRUARY 19, 2024

. “Assuming no foreign exchange (FX) conversion is required, businesses should conduct due diligence on the recipient, verifying the accuracy of the bank account details and ensuring they align precisely with the intended payee. BIS Aurum) and interoperability solutions (e.g, Deutsche Bundesbank Trigger Solution).

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space.

Remote Deposit Capture 43

Remote Deposit Capture Automation Cross-Border IRS 43

PYMNTS

AUGUST 15, 2018

Today, their technologies must communicate with existing infrastructures as systems migrate to the cloud, address the points of friction before and after payment, and support the needs of not only the corporate payer, but of the payee, too. But, he told PYMNTS, there are a few areas where the industry should perhaps reexamine its approach.

B2B 40

B2B Payments B2C API 40

The Payments Association

MAY 16, 2025

This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation. PSPs and acquirers will now transmit richer remittance information, structured payer/payee details, and standardised reference fields.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88