Axway

AUGUST 19, 2021

As Patient Bulk FHIR APIs and Payer to Payer FHIR APIs come online, health plans must scale solutions to meet the demands of the Interoperability Rule , 21st Century Cures Act services as mandated. This is a challenge that is …

Interoperability

Axway

AUGUST 31, 2022

interoperability rule, has the potential to change the patient experience for the better. It could also reduce IT and administrative burdens for health providers and payers, but barriers … The FHIR API standard, along with the ongoing rollout of the U.S.

Interoperability

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

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. Speed will be key in several workflows of the B2B commerce experience.

B2B

PYMNTS

FEBRUARY 3, 2020

FCA Tells Credit Cards To Ease Up On Non-Payers. s Financial Conduct Authority (FCA) is telling credit card companies to reduce fees on non-payers’ debt rather than cancel cards, saying that it is required that “options must be reasonable,” for customers in debt. PBOC Pumps $173B Into Chinese Economy To Combat Virus Impact.

Push-to-Card

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

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

Fintech Finance

OCTOBER 15, 2024

To use RoPay, both the payer and the recipient must have their bank’s mobile banking app installed and the bank must offer the service. The standardization through the RoPay Scheme ensures interoperability and simplicity for consumers, banks, payment processors, and merchants.

Instant Payments

The Payments Association

DECEMBER 11, 2024

Were also seeing more moves towards interoperability, such as Wero, the pan-European wallet introduced by the European Payments Initiative (EPI), now expanding its footprint across the continent. Open banking will further fuel instant payments 70% of respondents cited this as a key area of impact for the year ahead.

Payments Trends

PYMNTS

DECEMBER 7, 2020

Google Unveils Healthcare Interoperability Readiness Program. Google is rolling out the Google Cloud Healthcare Interoperability Readiness Program ahead of approaching implementation deadlines for the U.S. The legislation, enacted in 2016, requires patient information interoperability for payers, healthcare groups and providers.

Regulations

PYMNTS

JANUARY 30, 2019

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms, thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation.

SWIFT

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

PYMNTS

OCTOBER 11, 2019

In a PYMNTS interview with Karen Webster, Ryan Frere, vice president of global payments at Flywire , said the partnership “opens up 13 currencies across the network we can allow payers to choose when they use JCB cards to pay tuition.”. And, as he told Webster, the JCB partnership helps establish a beachhead into other verticals.

Cross-Border

PYMNTS

JANUARY 14, 2021

He is a program manager for the Consumer Directed Payer Data Exchange, or CARIN Alliance , a bipartisan organization. Now more than ever, individuals need access to their own vaccination and health information in a portable format to begin to move about the country safely and comfortably,” said Ryan Howells , principal, Leavitt Partners.

Credential

PYMNTS

OCTOBER 1, 2018

Payers can query the directory to obtain information for a single payee or multiple payees, and payees can manage their information in real time to ensure payment details are current. Credentialed service providers will allow access to the stored electronic payment information, including ACH payment details and other payment methods.

NACHA

Fintech Finance

FEBRUARY 5, 2025

As part of Europe’s efforts to combat authorized push payment (APP) fraud and strengthen payment security amid the growing adoption of instant payments, Verification of Payee (VOP) mandates that payment service providers (PSPs) provide payers with verification of payee details before initiating credit transfers.

Payee

PYMNTS

JULY 30, 2019

“These data elements are included in what we are calling the common payer consumer data set or CPCDS,” the CARIN Alliance wrote in a press release. “We We have taken these data elements and mapped them to … resources to better assist health plans implement the CMS Interoperability and Patient Access proposed rule.”.

Interoperability

Nanonets

DECEMBER 25, 2023

During this stage, payers scrutinize the claims for accuracy, coding standards adherence, and policy terms compliance. In this stage, payers issue payments to healthcare providers based on the agreed-upon terms and coverage. Fraud and abuse in claims processing can result in financial losses for both healthcare providers and payers.

AI

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

Fintech Finance

APRIL 4, 2024

The VoP mandate represents a significant evolution in payment security, setting new standards to prevent misdirected payments and shifting liability from payers to PSPs.

Payee

PYMNTS

JANUARY 30, 2019

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation.

SWIFT

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)

PYMNTS

SEPTEMBER 17, 2019

Thinking Beyond the Payer. Among the most significant, concrete changes in how the B2B payments ecosystem has approached the industry’s challenges is that service providers and innovators have begun to focus not just on the corporate payer, but also on the supplier. “If Payment Rails Converging.

B2B

PYMNTS

AUGUST 31, 2017

Two in particular, he said, are technology and payer habits. “It’s The generational differences in both the payments technologies available and the habits of payers are stark, but even in the last few years both technology and habits have seen their fair share of changes, too, he said.

Federal Reserve

PYMNTS

JULY 6, 2020

Magats said that to offer instant disbursements widely, PayPal has to “stitch together all of the different members of the ecosystem to be able to create our version of interoperability.”. The exciting part is that it has started interoperability conversations across the industry,” Edwards said.

Instant Payments

PYMNTS

AUGUST 3, 2018

The companies said Discover will be working with the BPDA, recently formed to create a business payments directory to make it easier for payers to electronically make B2B payments, to create a blockchain-powered platform. Discover Financial Services is pushing for digitization of B2B payments in the U.S.

B2B

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

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

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

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network.

FedNow

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

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

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

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. “As a whole, you’ll see a lot of innovation in the industry,” he concluded.

B2B

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

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

Clearly Payments

DECEMBER 5, 2023

Key functions of a payment processor include: Transaction Authorization: Payment processors verify the legitimacy of transactions by checking the availability of funds in the payer’s account or ensuring the credit line is sufficient. In the 1990s, the internet revolutionized commerce, and with it, online credit card processing emerged.

Processors