article thumbnail

SurePay Becomes First Vendor Live With Verification of Payee in Belgium

The Fintech Times

“We are seeing strong and growing demand in the market, including for fallback solutions. This enhanced approach provides clearer notifications to payers, more data for banks to detect fraud early, and support for country-specific needs such as multilingualism (French, Dutch and German) and special characters.

Payee 59
article thumbnail

RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation

Fintech Finance

This extraordinary increase reflects the growing demand for faster, more transparent, and always-available payment solutions from consumers, businesses, and the financial community. This 1 billion transaction milestone also reflects the networks scalability and reliability as demand for real-time payment options surges. billion).

RTP 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

Simultaneously, it would entail trade-offs in security, user experience, and operational design that demand careful scrutiny across the industry. 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.

article thumbnail

SurePay Accelerates European VOP Rollout: Belgium Becomes First Eurozone Country Live With Verification of Payee

Fintech Finance

This enhanced approach provides clearer notifications to payers, more data for banks to detect fraud early, and support for country-specific needs such as multilingualism (French, Dutch and German) and special characters.

Payee 52
article thumbnail

How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Interconnecting 10,000 US banks and credit unions, this network continues to receive high demand. ACH Credit or direct deposit refers to when the payer pushes funds into the recipients bank account or credit union account. Another EFT type that businesses rely on is ACH. Lets look into that closely below. In 2024, it processed 1.2

ACH 88
article thumbnail

Drivers seek digital payment options

Payments Dive

While 48% of cash-paying drivers use cash for budgeting reasons, 17% of cash-payers don’t have bank accounts, and 12% aren’t credit or debit cardholders, according to the February survey of 1,548 U.S. Published June 12, 2025 By Tatiana Walk-Morris post share post print email license A toll booth in Maryland. Here’s why.

article thumbnail

Open Banking & Direct Debits: The Best of Both Worlds For Insurers

Open Banking Excellence

Consumer expectations are rising as regulators push for increased competition and innovation to meet evolving consumer demands. All payers need to do is authenticate the payments via (desktop or mobile) online banking and funds are sent directly to the insurance merchant. Be heard and Be seen.