Fintech Finance

JULY 1, 2024

The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, which was launched on 1 November 2023 with the aim of laying the foundations for the potential issuance of a digital euro.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

M2P Fintech

MARCH 28, 2024

Aadhaar-enabled Payment Service (AePS) AePS, in India, enables individuals to conduct basic banking transactions like d eposits, withdrawals, balance inquiries, bill payments, etc. without requiring a traditional bank account or debit card. Unlike physical cash or bank deposits, CBDCs are purely electronic.

FinTech 59

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

PYMNTS

JULY 15, 2020

businesses has broadened growth opportunities and opened up new revenue streams, the banking and financial services space hasn’t quite caught up to the modern needs of U.S. An alternative to this payment strategy is to open up a bank account in each market in which a business operates. New Goals, Old Tech.

Cross-Border 67

Cross-Border Cross-Border Payments Multi-Currency Correspondent Bank 67

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. .

Digital Currency 68

Digital Currency Accounts Cross-Border Stablecoins 68

PYMNTS

DECEMBER 27, 2016

All these transactions involve large, cross-border payments, which are typically complex, non-transparent and fraught with challenges for both the payer and payee. Both payers and payees are looking for protection against fraud and assurances of compliance with any international regulations.

Cross-Border Payments 45

Cross-Border Payments Cross-Border Payee Payer 45

PYMNTS

OCTOBER 10, 2018

When it comes to business-to-business (B2B) transactions, paper checks are often the villain, cards an expensive but quick underdog, and ACH and its non-U.S. According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

FICO

JUNE 26, 2018

Individual banks can set their own limits below this, but even those with lower limits allow people to send (and potentially lose) life-changing amounts. For example, in the UK victims have looked to the receiving bank for restitution. In Europe SEPA CT Inst currently stands at a more modest €15K but is expected to increase.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Irrevocability 63

FICO

JUNE 4, 2018

In 2017, the UK market experienced a reported 34,743 unauthorized fraud case attempts from remote banking channels (internet, mobile and phone banking), valued at a total of £417.5 I previously blogged about FICO’s Retail Banking models and how they can be used to tackle phishing fraud.

Demand Deposit Account (DDA) 40

Demand Deposit Account (DDA) Smishing Payer IRS 40

The Payments Association

MAY 16, 2025

Non-compliance could lead to regulatory enforcement by national authorities, as well as reputational harm and potential exclusion from EU markets. 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

PYMNTS

FEBRUARY 20, 2018

China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. In the U.S.,

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

DECEMBER 27, 2019

Of the 90 percent of consumers Ingo Money sees opting into digital payments instead of check disbursements, 90 percent further chose an instant disbursement to their bank account. There is no single correct road map, Edwards said, but there are guidelines useful for any interested payer. How do they do that? What Comes Next.

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 52

Nanonets

MAY 30, 2023

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021.  Bank transfers and digital wallets are more recent developments that have leveraged the rapid expansion in digital data and interconnectivity.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52

The Payments Association

JANUARY 14, 2025

Key insights in navigating fraud in open banking January 14 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? Fraud vulnerabilities in open banking, as discussed during The Payments Associations FC360 open banking and financial crime workshop Why is it important?

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88