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

The Payments Association

DECEMBER 2, 2024

The aim of the regulation was to mandate Payments Service Providers (PSPs) to offer credit transfers in euros and instant credit transfer services. As part of this, PSPs are required to offer services that verify the payee’s identity before executing a credit transfer.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

Fintech Finance

FEBRUARY 5, 2025

Numeral , a Mambu company, a leading payment technology provider for financial institutions, today announces the launch of its fully managed Verification of Payee (VOP) solution, empowering financial institutions to comply with the European Unions VOP regulation by the October 9, 2025 deadline. Download the guide at www.numeral.io/guides/guide-to-verification-of-payee

Payee 59

Payee Verification Compliance Payment APIs and Integration 59

Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

Payee 40

Payee Service Provider Verification Compliance 40

Fintech Finance

APRIL 9, 2024

EBA CLEARING has announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024. With the delivery of Verification of Payee, the Company will support payment service providers (PSPs) in offering IBAN/name matching services to their customers for their SEPA transactions.

Payee 52

Payee Verification Instant Payments Regulatory Compliance 52

PYMNTS

JANUARY 21, 2021

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS. While it was initially developed for foreign currency payments, it can also work with eurozone (SEPA) transfers, the release stated.

B2B 87

B2B Transactions Payee Payer 87

PYMNTS

NOVEMBER 23, 2020

Indeed, service providers in areas like dental and elective surgery were forced to close, creating a massive cash flow problem for healthcare providers. Other benefits for payers include the virtual card's ability to negate the need for a TPA to obtain, manage and store securely the bank account details of a payee.

ACH Processing 77

ACH Processing Payer ACH Payee 77

Fintech Finance

APRIL 7, 2025

The report provides a detailed examination of how directory services can enhance the efficiency, security, and reach of instant payments. Directory services play a key role in addressing these challenges by enabling seamless routing of payments and protecting sensitive payment credentials.

Instant Payments 98

Instant Payments Faster Payments FPC Interoperability 98

PYMNTS

OCTOBER 22, 2019

Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. Bank introduced a new eBilling tool also designed both for billers and payers. Bank Targets Both Billers and Payers. Finally, U.S.

Payer 40

Payer B2B Commercial Card Faster Payments 40

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

Fintech Finance

OCTOBER 23, 2024

Setting up Direct Debits or paying money through banking apps can be open to human error, with the payer having to input the recipient’s banking details manually. A third of people pointed out that they have often set up a new payee on their banking app only to pay them once or twice, despite the effort of setting the details up.

Online and Mobile Banking 97

Online and Mobile Banking Payer Payments Payee 97

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. Payers claim, however, that they make only 45.3 Yet, there it is. The majority of consumers, at 58.4 percent, and microbusinesses, at 70.8

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94

The Payments Association

OCTOBER 14, 2024

Accounts Nearly all of the prevailing CBDC proposals assume that money must always be held in accounts maintained by a service provider, making that service provider a de facto custodian, and suggesting that bearer instruments have no place in the future of digital money. But the damage was done. But the damage was done.

Privacy 88

Privacy Addressing CBDC Payer 88

PYMNTS

OCTOBER 1, 2018

According to NACHA , the B2B directory will be structured as a network of credentialed service provider “sub-directories,” in which trusted and validated payee information will be stored. The] BPDA was formed to bring to market the B2B directory,” said Lawrence Buettner, BPDA chairman.

NACHA 56

NACHA Business Payments Payee ACH 56

NFCW

JUNE 25, 2024

TRANSACTION FEE: A step-by-step overview of the digital euro compensation model Payment service providers will be able to charge merchants a fee for enabling them to accept digital euro transactions, the European Central Bank (ECB) has revealed, but a cap will be placed on the amount that it will be possible for them to charge.

Central Bank 104

Central Bank Online and Mobile Banking Legal Framework Caps 104

Fintech Finance

JULY 4, 2024

The Bank for International Settlements (BIS) defines offline payments as the transfer of a digital money token between devices that takes place without the payer and payee requiring a networked connection to any ledger system or backend system to complete the payment. G+D Filia® Unplugged makes digital offline transactions a reality.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. Deutsche Bank has rolled out a new faster payments service for corporates of its branch in Bangkok, Thailand, recent reports said.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

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. To use data for commercial purposes, payment service providers would need users’ explicit consent.

Legal Framework 98

Legal Framework Money Laundering Online and Mobile Banking Central Bank 98

PYMNTS

DECEMBER 10, 2019

The convergence of accounts payable (AP) and accounts receivable (AR) continues as banks and FinTechs collaborate on new solutions that pull double-duty, tackling friction for both payers and payees. AR Keeps AP Friction In Mind. Connecting AR and AP Through ID.

Payee 52

Payee Payer B2B Accounts 52

Fintech Finance

MARCH 25, 2024

It has since launched numerous Open Banking products, including Confirmation of Payee (CoP), Payer Name Verification (PNV) and Account Information Services (AIS) solutions.

Governance 52

Governance Government Payee Payer 52

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 52

Money Laundering Consulting Finance Travel Rule 52

Neopay

JULY 18, 2024

This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes. The amending Guidelines will apply from 30 December 2024.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

PYMNTS

AUGUST 7, 2018

“The intent of the organization is to help payers better identify [the] payee information they need in order to make electronic payments,” he said in an interview, adding that the directory aims to be “payment agnostic” and support payments made via a variety of rails, including FedWire, ACH, SWIFT, lockbox and, yes, paper check.

B2B 40

B2B Federal Reserve Payee FedWire 40

EBizCharge

JULY 15, 2024

When it comes to business transactions, understanding the different billing methods is crucial for service providers and clients. Arrears billing and paid in advance represent two fundamental payment methods when settling invoices, each with different payment timelines based on the goods or services provided.

Disputes 52

Disputes Payer Legal Service Provider 52

PYMNTS

NOVEMBER 18, 2020

Looking ahead, financial services providers and their business clients will have to explore an expanding list of value propositions surrounding the RTP network for corporates and SMBs in order to understand how real-time payments can benefit both senders and receivers. But there is more work to be done.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

JANUARY 22, 2021

Morgan's Single-Use Accounts (SUA) virtual card payments offering, provides fraud protection and card rebates to OSV's finance and accounting clients, per the announcement. iBanFirst Debuts Payment Tracker For B2B Transactions Visibility.

B2B 66

B2B Blockchain Payments Payee 66

PYMNTS

DECEMBER 11, 2018

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer. The costs associated with this process are among the biggest barriers for freelancers today, said Du Val.

Payroll 71

Payroll Cross-Border Cross-Border Payments Direct Deposit 71

PYMNTS

DECEMBER 26, 2019

Solution providers that can offer this choice in payment “will be a critical differentiator” in the year and years ahead, said McCarthy, adding that AR platforms must allow B2B vendors to offer their payers a range of payment choice beyond ACH or checks, with more firms embracing commercial cards, PayPal and other alternative payment technologies.

Accounts 53

Accounts B2B End User Payer 53

EBizCharge

MAY 8, 2024

ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account. ACH Debit Transactions: Conversely, ACH debit transactions allow the payee to pull funds from the payer’s account with the payer’s authorization.

ACH 52

ACH Checks Process ACH Network 52

Nanonets

SEPTEMBER 21, 2023

Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. This request includes data such as the payment amount, payee information, and payment due date. The payee may also send an electronic message to confirm receipt of the payment request.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

M2P Fintech

MARCH 28, 2024

Payment Initiation Service Provider (PISP) PISP is a third-party financial institution authorized to initiate payments directly from a customer’s bank account on their behalf. Push Payments Push payments are a type of electronic transaction where the payer actively initiates the transaction and sends funds directly to the payee.

FinTech 59

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

PYMNTS

AUGUST 3, 2018

Discover Financial Services is pushing for digitization of B2B payments in the U.S. The companies said Discover will be working with the BPDA, recently formed to create a business payments directory to make it easier for payers to electronically make B2B payments, to create a blockchain-powered platform.

B2B 40

B2B NACHA API Payee 40

Stax

JULY 9, 2024

Restaurants, retailers, and on the road service providers benefit the most from mPOS systems. Peer-to-peer electronic payment methods link to the payer and payee’s bank account to withdraw and deposit funds, providing a way for users to easily perform a funds transfer. What makes mobile POS systems unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

APRIL 4, 2018

Meanwhile, freelance marketplaces like Fiverr and GigSalad allow service providers to get paid quickly through PayPal. Home share service Airbnb , for starters, recently introduced a new tool that enables travelers to more easily split a group bill.

Tax Refunds 40

Tax Refunds Blocks Payment APIs and Integration Faster Payments 40

FICO

JUNE 26, 2018

The appointment of a steering committee to seek consensus on the details of the code including: Pre-conditions for payer and payee on standards that meet the criteria for recovery of stolen money. The standards PSPs will be expected to follow. Implementation of the code across the industry.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Irrevocability 63

PYMNTS

NOVEMBER 14, 2019

Platforms and payment service providers are seeking digital, integrated payment experiences that are so seamless, neither the payee nor payer take much notice that a transaction has even occurred. Increasingly, the gold standard for payments is invisibility. Such is a standard that is making its way to the payroll space.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50