The Payments Association

JUNE 16, 2025

All solutions trialled were able to achieve “final and irrevocable offline CBDC payments,” meaning that once funds were transferred, the payee could spend them immediately, without needing to reconnect to the central ledger. If the request is accepted, funds are immediately transferred from the payer’s device to the payee’s device.

Settlement

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. s Faster Payments Service (FPS), only enable push payments.

Payer

FICO

JUNE 26, 2018

The real-time payments fraud experiences of countries such as the UK provide a lesson to new adopters of what can happen to fraud rates when money can be transmitted fast. In the UK £250K can now be sent in a single, irrevocable payment – and the system has been tested for up to an eyewatering £10 million. Who Is Liable?

Real Time Payments

PYMNTS

JANUARY 30, 2020

This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns. What’s more, these transactions are irrevocable, and as fraud losses mount, new questions surface over who holds liability to recoup funds. .”

Faster Payments

Seon

JULY 27, 2023

This payment message either goes directly to the FedNow Service or via a service provider. In any event, the message follows the ISO 20022 standard, which according to the Federal Reserve will bring “interoperability, end-to-end efficiency of payments, and future innovation” to the FedNow Service.

FedNow