The Payments Association

JUNE 16, 2025

These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. Synchronous vs asynchronous payments Two distinct payment flows were tested: Synchronous: where activity is required from both payer and payee in real-time.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

SEPTEMBER 26, 2019

Push, or credit, transactions see payers instructing their banks to send money from their accounts to recipients’ accounts, whereas pull, or debit, transactions have recipients’ banks extract money from payers’ accounts. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

APRIL 2, 2019

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP has shaped opportunities for bill payers to get funds to recipients faster than ever, and helps electronic billing providers better process received transactions. Real-Time Utilities Payments .

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

Fintech Finance

JUNE 10, 2024

Instant payments – which are irrevocable – demand enhanced verification processes to protect against fraud. The financial sector is facing an increasing need for robust security measures as fraud threats become more sophisticated, especially in an instant payments environment.

Payee 52

Payee Instant Payments Verification Payer 52

FICO

JUNE 26, 2018

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. When this kind of fraud takes advantage of an instant and irrevocable payment mechanism, losses will sky rocket. Who Is Liable? In September 2016, the UK consumer group Which?

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Irrevocability 63

PYMNTS

JANUARY 3, 2020

These include advanced data security and new state and federal regulations governing payout mechanisms – to say nothing of the irrevocable nature of instant payments. That will play out as optionality, and payers are starting to think about what those options will be. You can’t pull them back.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60