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ACI Worldwide Adds More Digital Overlay Services For Contactless B2B Payments

PYMNTS

ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release.

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Real-Time Payments Move Past Early Adopters

PYMNTS

“The good news is that the modern technology and the available platforms mean [financial institutions] FIs don't have to make a ‘call’ and lay large bets on systems that either have an insignificant amount of volume or aren't even extant today,” Ranta said. We have not seen the use cases or the digital overlay services rolled out,” he noted.

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How are Financial Firms Like Visa, Swift, Pay.UK and Mangopay Using AI to Combat Financial Fraud?

The Fintech Times

Even if these success rates remain at around the same level, the sheer volume of attempts mean that fraud levels could ‘explode’ the firm has warned. Over a third of fraud attempts (42.5 per cent) targeting financial institutions now use AI, according to a recent study by digital identity and fraud prevention solution Signicat.

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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

Thirty-four per cent of US banks are concerned about updating their core infrastructure to handle the increased volume and speed of transactions. Banks that lead instant payments and overlay services will gather greater market share as US companies apply these tools to productivity and growth.”

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APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs

PYMNTS

All this infrastructure that’s been in place for many years works very well for payment files with high volumes of non-urgent transactions — anything in batch mode,” she noted. “In API connectivity can support flexible messaging and transmit more comprehensive transaction data in a cost-effective manner, Hausemer said.