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Broadridge Launches Instant Payments Service, Aligned with New EU Regulations

Fintech Finance

(NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. Instant payments are expected to become the industry standard, particularly for recurring transactions such as bill payments.

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Amex Files Blockchain Faster Payment Patent

PYMNTS

The filing describes a blockchain solution to receive requests for payment, which would then be approved or rejected, a process that would include risk analysis, reports said. If approved, the platform would automate processing and adjust accounts on both ends of the transaction.

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TCH’s Waterhouse: Real-Time Payments’ 2021 Focus Is On Smarter, Safer

PYMNTS

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment.

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Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. BBP enables only payment of bills from participating businesses, meaning certain invoices cannot be reconciled. . That can lead to identity verification problems, resulting in returned or delayed transfers.

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New Broadridge Financial Solutions Service Enables Businesses to Benefit From Instant Payments

The Fintech Times

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

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UK Watchdog Proposes Compensation Plan For Victims Of Push Payment Fraud

PYMNTS

Some of these scams are initiated via the Business Email Compromise (BEC) scam, which involves criminals sending seemingly legitimate invoices to business professionals with requests for payment. Because payers willingly initiate the bank transfer themselves, liability has remained on the payer.

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New Corporate Payment Tricks For Old Rails

PYMNTS

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.