Remove Interoperability Remove Regulatory Compliance Remove Verification
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RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. Why is it important? What’s next?

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Payments trends report 2024

The Payments Association

Looking to 2025, the report projects that regulatory frameworks and blockchain innovations will further accelerate crypto adoption. Payments providers will need to prioritise interoperability and compliance to unlock growth while addressing security and volatility concerns. However, this growth is not without its hurdles.

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What is Click to Pay and How Does It Work?

Stax

Step 3: The payment services provider authenticates the transaction Once the customer selects a preferred card network, the merchants payment gateway will send the transaction details to the merchants payment services provider who will then contact the customers issuing bank for payment verification.

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CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

The Italian financial industrys experience highlights the value of collaborative ecosystems, such as CBI, as the most effective means to achieve both regulatory compliance and ongoing innovation through collective action. It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro.

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Financial Crime 360 state of the industry report 2025

The Payments Association

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Embedding Trusted AI and continuous ID verification is critical to counter synthetic media threats.

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How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

This increased digital dependency has raised the need for secure access and quick and easy identity verification online. Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems. Previously, these exchanges relied on in-person verification.

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From Open Banking to Open Finance to DeFi: The Open Evolution of Finance

Finextra

Developers globally are composing new financial products at a frenetic pace, precisely because the protocols are open and interoperable. Open Banking achieved interoperability by establishing common API standards (for example, the UK’s Open Banking Implementation Entity set standard formats for data and secure connections).

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