The Payments Association

JANUARY 30, 2025

These exemptions range from operating under a commercial agreement with a payer or payee (whereby you effectively conclude a transaction on behalf of one of the parties) to providing services to a minimal network of customers or operating in some form of settlement chain.

Consulting

Neopay

NOVEMBER 27, 2023

These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.

Money Laundering

FICO

JANUARY 31, 2018

Cannot be reversed by the scheme rules. Are open loop, payer and payee do not need an account at the same provider. These schemes share these criteria: Are defined as a payments scheme and cover both clearing and settlement (only clearing needs to be in real-time, settlement can be periodic). Can be made 24/7 365.

Real Time Payments

Fintech Finance

JULY 1, 2024

When paying offline, personal transaction details would only be known to the payer and the payee and would not be shared with payment service providers, the Eurosystem or any providers of supporting services.

Legal Framework

PYMNTS

JULY 6, 2020

The rules would also require that the government have access to online companies’ sources and algorithms. The COVID-19 pandemic and the move to digital commerce it has spawned is giving fresh impetus to the idea that payments must move from payer to payee in real time. It Takes a Village to Build an Instant-Payments Ecosystem.

Payee

Seon

JUNE 1, 2023

Regardless of the number and types of security features chosen by an organization wishing to utilize high-security checks, their purposes are as follows: to deter fraudsters, reduce fraud, and protect the financial interests of the check payer and payee. Chemical-reactive paper : Many check fraudsters may try to erase certain ink.

Checks

EBizCharge

MAY 8, 2024

The National Automated Clearing House Association (NACHA) governs the ACH network, setting rules and standards for ACH transactions. ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account.

ACH

PYMNTS

MAY 30, 2018

Among the key challenges faced by both newer and more established players is getting all parties to speak a common language and quickly adapt to new rules. But the emergence of new tech in the financial services market is also inviting new challenges, especially as older and newer FIs compete for the same customers.

Payment APIs and Integration

The Payments Association

MAY 16, 2025

Medium-term priorities (2025) Cross-border interchange fee review (Final rules expected late 2025) The Payment Systems Regulator (PSR) is expected to publish its final ruling on cross-border interchange fees by the end of 2025. New rules could mandate pricing changes or new disclosure requirements under consumer law. for credit.

Regulations

PYMNTS

DECEMBER 27, 2019

There is no single correct road map, Edwards said, but there are guidelines useful for any interested payer. Choice: The Golden Rule of Instant . How do they do that? Really making instant payment ubiquitous, Edwards said, isn’t about flipping a single set of rails on, offering it up as an option and calling it a day. What Comes Next.

Instant Payments

PYMNTS

MARCH 29, 2018

But with an intermediary FinTech facilitating these transactions, Chanda said his customers are less inclined to delay vendor payments, while the transaction itself is less likely to include errors because the payer has handed off the payment process to a specialist.

Checks

PYMNTS

JUNE 25, 2018

Consumers can take steps to better guard themselves, too, like following the rule of one account per password to protect their accounts. “If Companies can decrease or eliminate passwords for user authentication, for example, because passwords are one of the biggest ways criminals are breaking into organizations today.

Account Takeovers

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network.

FedNow

Nanonets

NOVEMBER 30, 2023

AP automation software automates the accounts payable invoice approval process by routing invoices to the designated approver in compliance with company policy rules and limits. AP automation with ERP integration eliminates the need for extra data entry into an accounting system because the data is synced between systems.

Best Practices

PYMNTS

MAY 31, 2018

What these financial players need is a common language, a standard set of rules and operating procedures that they can use to work together efficiently. Throckmorton and his team at NACHA believe that ISO 20022 , developed by the International Organization for Standardization (ISO), could be that common language.

ISO 20022

CB Insights

AUGUST 25, 2017

Blockchain could be used to create a more direct payment flow that connects payers and payees — across borders or domestically — without intermediaries, at ultra-low fees and almost instant speed. Through its Blockchain Apparatus initiative, Blockchain Technologies Corp. Social Security Office, to verify that a person did in fact pass.

Blockchain