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Offline settlements with a digital pound: Lessons from the BoE’s report

The Payments Association

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. The security of such payments rests entirely on the devices, hence the use of secure elements in the experiment. This distinction has real-world implications.

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What Is a Clearinghouse and How Does It Facilitate Safe Transactions?

EBizCharge

3 types of clearinghouses Understanding the various types of clearinghouses, their use cases, and the different individuals and businesses they support will help you navigate these systems more effectively. ACH networks process transactions in batches, making them cost-effective and suitable for high volumes.

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Numeral Unveils Fully Managed Verification of Payee (VOP) Solution

Finovate

To this end, new regulations for Verification of Payee (VOP) mandate that payment service providers (PSPs) give payers verification of payee details before making credit transfers. The company has also produced a publication, The Ultimate Guide to Verification of Payee , to help financial institutions better understand the VOP scheme.

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The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season

PYMNTS

Ledford explored some of those emerging use cases and offered insight into what's next for the RTP network that could add even more opportunities for financial institutions (FIs) and businesses to extract value from real-time payments. Today's Most Valuable Use Cases. What Will Drive Adoption Tomorrow?

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Sionic Announces Fraud Protection Service Using Google Cloud AI Technology

Fintech Finance

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.

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U.S. Faster Payments Council Releases Report on the Role of Directory Services in Instant Payments

Fintech Finance

. “By securely connecting payers and payees, directories reduce friction and drive broader adoption. ” The report looks at various directory models, highlighting their benefits and real-world use cases. This approach enhances security and streamlines the payment experience for both businesses and consumers.”

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Corporate Cards Find Opportunity (And Funding) In New B2B Use Cases

PYMNTS

The card supports 10 different currencies and connects corporate payers to Airwallex’s exchange rates in real time, with the company pointing to the card’s support for efficiency and speed in global payments. and Hong Kong at a later date, the company said.