FICO

APRIL 6, 2020

In my last post I wrote about the fraud and financial crime problems the USA is likely to encounter as real-time payments increase in both value and volume. In countries such as the UK, real-time payment schemes have been ubiquitous for many years. What Can the Industry & Real-Time Payments Schemes Do?

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

Finextra

JUNE 28, 2024

Robust change will be seen with real-time payment schemes opening up for cross-border payments. Digital transformation through the use of APIs will also bolster end-to-end connectivity, paving the way for value-added services offering increased transparency and verification with Confirmation of Payee.

Real Time Payments 52

Real Time Payments Cross-Border Payments API Cross-Border 52

Fintech Finance

AUGUST 15, 2024

The Sionic Fraud Protection Service (FPS) is the final component required for true Pay-by-Bank transactions at the point of sale, alongside verified buyer and seller credentials, a consistent customer experience and automated dispute resolution instantly between payers and payees.

AI 97

AI Fraud Detection Technology Real Time Payments 97

FICO

APRIL 20, 2023

According to FICO’s latest survey of consumers from 14 countries around the globe, 90% of all consumers have sent a real-time payment, and at least 95% of consumers have used real-time payments in India , Indonesia , the Philippines , and Brazil.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

FICO

JANUARY 22, 2020

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . Real-time Payments Fraud Defence Strategies. Real-time Payments Fraud: Time For Convergence.

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

Finextra

JUNE 9, 2025

The opportunities and implications of rising payment values and volumes In recognition of the systemic importance of high-value payments, the U.S TCH went live with this change in February, enabling real-time payments up to the value of $10 million. adults have fallen victim to real-time payment scams [4].

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

PYMNTS

SEPTEMBER 19, 2018

As members of the network, corporate customers of PNC Treasury Management will be able to receive cross-border payments, the FI said, adding that the solution can help them receive payments against their invoices more quickly for streamlined accounts receivable.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Treasury Treasury Management 77

PYMNTS

MARCH 9, 2020

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

JULY 5, 2020

The service is also payment-agnostic, able to verify accounts for payments including wire transfers, automated clearing houses (ACH) and real-time payments.

Faster Payments 96

Faster Payments Payment APIs and Integration Wire Transfer Real Time Payments 96

Fintech Finance

SEPTEMBER 2, 2024

Customers can reduce errors and cut payroll processing times by up to 80%, approve payments on the go with the mobile app, as well as consolidate multiple payments to a single payee and realise savings on transaction fees.

Payroll 98

Payroll Online and Mobile Banking Real Time Payments Embedded Payments 98

The Fintech Times

APRIL 27, 2025

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing.

RTP 45

RTP FedNow Instant Payments Payee 45

PYMNTS

SEPTEMBER 26, 2019

This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems. Common forms of pull payments include debit cards and paper checks. Pull payments do carry risks for both merchants and payers, however.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

Fintech Finance

OCTOBER 23, 2024

Compliance with sanction screening, anti-money laundering (AML) and fraud detection requirements, including Verification of Payee check, was identified as the top concern. Respondents cited difficulties in meeting the mandated 10-second 24/7 service level agreement (SLA) and coping with the increased message volumes.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

The Fintech Times

JULY 3, 2025

Banqup Group has partnered with global payee verification provider iPiD to enhance payment security and combat invoice fraud across its digital platform. Already available to Curve’s 6 million customers, Curve Pay aims to simplify spending by consolidating cards and reducing fees.

FinTech 59

FinTech Payee AI Verification 59

PYMNTS

OCTOBER 24, 2016

21) the addition of Visa Direct , a real-time push-to-card payment solution, to Hyperwallet’s existing payout methods. payees to transfer their earnings onto an existing Visa debit card. Hyperwallet, a global payouts provider to digital marketplaces, announced Friday (Oct. Visa Direct will allow U.S. in Q1 2017.

Debit Card 70

Debit Card Payee Near Real-Time Push-to-Card 70

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. Just which payment rail they will migrate to, however, remains unclear.

NACHA 82

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

PYMNTS

OCTOBER 24, 2016

One of the biggest areas facing skepticism with blockchain technology and B2B payments is the idea that corporates don’t need real-time payments, as would be provided by Visa B2B Connect. Real-time payments, however, enable a company to wait as long as they want to without forcing the supplier to get paid late.

Blockchain 77

Blockchain B2B Real Time Payments Payer 77

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. Today's Most Valuable Use Cases.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

JUNE 12, 2019

Bento for Business, a B2B payments company, has introduced a new product called Bento Pay, a digital payments solution that “eliminates the need to write checks and gives businesses the ease and security of paying any supplier confidentially, regardless of their digital payment preferences,” according to a release by the company.

Digital Payments 65

Digital Payments Payment Solutions Payee Real Time Payments 65

PYMNTS

NOVEMBER 17, 2020

The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. Instances of APP fraud around the globe have continued to rise as real-time payment rails extend their reach. APP Fraud Ramps Up.

Scams 89

Scams Account Takeovers Federal Trade Commission Real Time Payments 89

Fintech Finance

APRIL 11, 2024

Specifically, three-quarters of those who experienced a late cross-border payment could not support themselves financially in some way. Verituity connects banks, businesses, and payees to verified payouts and intelligent “pay-by-anything” experiences.

Cross-Border 52

Cross-Border Visa Near Real-Time Payee 52

Fintech News

AUGUST 13, 2024

Ed Metzger, Vice President of Market Planning for Payments Efficiency at LexisNexis Risk Solutions, discussed these risks, noting that faster and more interconnected payment systems are attractive targets for fraudsters, especially in regions with booming adoption of real-time payments like Latin America and Southeast Asia.

Cross-Border Payments 127

Cross-Border Payments Cross-Border Payments Instant Payments 127

The Fintech Times

JANUARY 16, 2024

We expect rapid growth to continue in step with further adoption worldwide of instant digital payment solutions for retail and corporate use. Payment fraud explodes With payments moving online and real-time payment systems becoming the norm, authorised push payment (APP) fraud is more prevalent than ever.

Payments Trends 98

Payments Trends Risk Identity Theft Payments 98

The Fintech Times

SEPTEMBER 2, 2024

It explained it hopes to help customers reduce errors and cut payroll processing times by up to 80 per cent, approve payments on the go with the mobile app, as well as consolidate multiple payments to a single payee and realise savings on transaction fees.

Payroll 64

Payroll Online and Mobile Banking Real Time Payments Payee 64

PYMNTS

JANUARY 31, 2017

The company revealed it had completed phase one of its initiative last week, facilitating multiple test payments between the U.S. PayCommerce added that it plans to commercialize the real-time global payment offering by the end of the year’s second quarter. and the Gulf region this year. “The

Cross-Border 44

Cross-Border B2B Cross-Border Payments Real Time Payments 44

PYMNTS

OCTOBER 7, 2019

Those lines guide the billing innovations Vocalink is working to roll out over the next 12 months, the recent improvements it has collaborated on and how it sees the market, particularly the rapidly emerging real-time payments (RTP) market, evolving toward modern consumer needs. Creating A Billing Dialog.

Instant Payments 67

Instant Payments Real Time Payments Payments RTP 67

PYMNTS

NOVEMBER 28, 2016

A study conducted by Lipis Advisors found that a quarter of the cost associated with implementing faster and real-time payments capabilities for banks is linked directly to testing the technology. Naturally, one of the first use cases to come to mind for real-time payments is P2P payments.

Faster Payments 54

Faster Payments Real Time Payments Payments Instant Payments 54

FICO

DECEMBER 5, 2017

Authorised push payment fraud has been in the news recently, in the UK because of the Which Super Complaint. The advent of real-time payment schemes, such as Faster Payments in the UK, has made push payments more attractive to criminals because they can quickly take the money and run.

Real Time Payments 51

Real Time Payments Payments Irrevocability Account Takeovers 51

PYMNTS

JANUARY 2, 2019

Read his forecast for the industry below: “In 2019 we will continue to see movement toward building a blockchain-based B2B payment system based on tokens tied to traditional, established currencies, in which the payor and payee can connect directly — bypassing third-parties and minimizing processing costs.

Blockchain 80

Blockchain AI B2B Payee 80

Finovate

AUGUST 27, 2024

Visa launched Visa Direct in 2011 to serve as a real-time payments platform that enables both retail and commercial customers to send money across the globe to cards, bank accounts, and other end points. Customers can use Visa Direct to send person-to-person payments, business payouts, and cross-border remittances.

Cross-Border 52

Cross-Border Transactions Multi-Currency Treasury Management 52

PYMNTS

AUGUST 31, 2020

A growing group of financial institutions (FIs) are placing themselves at the forefront of the modernization push by engineering disbursements frameworks easily accessed via digital platforms, and which promise to improve the experience for payees and payors alike. “In

Payee 60

Payee Cross-Border Instant Payments Push-to-Card 60

The Fintech Times

DECEMBER 31, 2023

. “According to research from the European Central Bank (ECB), Single Euro Payments Area (SEPA) instant credit transfers currently account for only 14 per cent of all conventional SEPA credit transfers. “Legislation brought through by the European Commission will also help to further proliferate adoption rates. .”

Global Payments 124

Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 124

PYMNTS

JULY 27, 2020

And so right now for real-time payments that’s got to include … prepaid, debit and credit card, ACH, check, wallets and more. The receiver can choose to have her money tomorrow for free or pay a 1 percent fee and get it right now — and … at least in our use cases, we see more than half the time the consumer takes that option.”.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

Neopay

NOVEMBER 26, 2024

With just 33% of respondents confident in meeting the January 2025 deadline for receiving instant payment transactions, the findings expose critical gaps in compliance, infrastructure, and operational capabilities. By October 2025, institutions must also handle outgoing instant payments. Compliance hurdles are significant.

Instant Payments 52

Instant Payments ISO 20022 Regulations ISOs 52

Fintech Finance

MARCH 27, 2024

“Simultaneously, the evolution of mobile payment options is a response to a wider range of consumer needs and expectations, including alternatives for various types of payees and recipients, transaction types, and faster delivery.” One area mobile banking lags is Real-Time Payments (RTP).

Mobile Banking 52

Mobile Banking Transactions Online and Mobile Banking RTP 52

FICO

NOVEMBER 10, 2020

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98