Fintech Finance

OCTOBER 17, 2024

Paul Marriott-Clarke, Head of Merchant Services at Worldline, stated: “With “Bank Transfer by Worldline”, we have developed a payment method grounded in trust and simplicity, leveraging existing European payment networks and offering innovative customer experience.

Accounts 96

Accounts Cross-Border Payer Payments 96

The Paypers

SEPTEMBER 17, 2019

(The Paypers) Deutsche Bank has joined JPMorgan ’s blockchain-based payments initiative called the Interbank Information Network (IIN).

Payment Networks 28

Payment Networks Payment Initiation Blockchain Payments 28

The Fintech Times

APRIL 26, 2024

Built upon Visa’s extensive global network, Visa B2B Connect offers multilateral connectivity to all network members through a single connection with transparent timeframes and costs, offering predictability and cost effectiveness. We will join as a participant bank and as Visa’s new settlement partner for a set of currencies.”

Cross-Border Payments 59

Cross-Border Payments Cross-Border B2B Settlement 59

PYMNTS

DECEMBER 3, 2020

Some of the most prominent include the SWIFT gpi service, request-to-pay capabilities and instant payments, which all require banks to loop into third-party payment networks and service providers.

Payment APIs and Integration 105

Payment APIs and Integration End User B2B API 105

Payments Source

JANUARY 27, 2017

Recommendations for a framework to develop a "universal security baseline" to protect sensitive payment data at rest and in transit remains a key goal of the Federal Reserve faster payments initiative.

Faster Payments 60

Faster Payments Federal Reserve Fed Security 60

PYMNTS

JULY 22, 2020

The opportunity to wield richer transaction data in real time has become a key focus for governments, central banks and financial service providers as they press forward in their real-time payment initiatives. In the U.S., adoption remains muted compared to other markets like the U.K. As real-time transacting proliferates in the U.S.,

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

OCTOBER 28, 2019

Domestic and cross-border payments are supported in over 130 currencies. Account information service providers will have improved account visibility, and payment initiation service providers will be able to integrate with Western Union ’s payment network and correspondent banks.

API 51

API International Payments Payment APIs and Integration Cross-Border 51

PYMNTS

JANUARY 27, 2017

Digital payments firm Dwolla is the latest to want in on the Federal Reserve Faster Payments initiative. 26) said the FinTech company is one of 19 to submit proposals on how to run part of the Fed’s real-time payments network. Reports by Forbes Thursday (Jan.

Faster Payments 40

Faster Payments Federal Reserve FinTech Fed 40

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments 69

Faster Payments Same Day ACH ACH NACHA 69

Fintech Finance

MAY 21, 2024

Damien Godderis, Head of Payments Industry Engagement at BNP Paribas, said: “BNP Paribas are delighted to be working with Swift to offer a bank agnostic solution for payment initiation to maximise the benefits of ISO 20022, and to offer self-service payment tracking.

ISO 20022 59

ISO 20022 SWIFT Cross-Border Payments Cross-Border 59

PYMNTS

DECEMBER 4, 2019

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand.

B2B 52

B2B RTP Cross-Border FPC 52

Finovate

OCTOBER 17, 2024

Additionally, the new payments tool specializes in high-value transactions– including B2B transactions– that typically incur higher fees and reduces the number of declined transactions, since funds are validated directly from the bank account.

Accounts 52

Accounts Cross-Border Payments Cross-Border Payments Tools 52

PYMNTS

JANUARY 10, 2017

India’s Axis Bank spent much of its time last year exploring how to streamline cross-border payments, and reports Monday (Jan. According to reports , Axis Bank, the nation’s third-largest bank, revealed it will use the blockchain-based payment network of Ripple to facilitate cross-border transactions.

Cross-Border 44

Cross-Border Cross-Border Payments Blockchain Payments 44

PYMNTS

JANUARY 2, 2019

Visa eyed cross-border corporate payments and value-added financial services for corporates, and Mastercard tackled friction in buyer-supplier connectivity within the supply chain. American Express, meanwhile, staked its bets on blockchain with its B2B payments initiatives this year.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

OCTOBER 7, 2019

As part of that narrative, Marcus recently told regulators that Libra really isn’t a new currency, but that it is a “better payment network utilizing national currencies to deliver meaningful value to consumers all over the world.”. But creating a payments network on Facebook means first creating a commerce platform inside of it.

Regulations 79

Regulations Payment Networks Cross-Border Cryptocurrency 79

The Fintech Times

MAY 12, 2025

Not to mention a variety of use cases that are being explored, the biggest of which is cross-border payments that run outside of the traditional banking rails in what is, supposedly, a quicker, cheaper and more efficient, programmable digital rail. Cue interoperable national payment schemes. Payments network of networks.

Stablecoins 45

Stablecoins Interoperability Cross-Border Cross-Border Payments 45

PYMNTS

FEBRUARY 7, 2017

You can test all you want, but for payments innovators, the true test only comes when a solution is released out into the real world. s Faster Payments initiative, there have already been some changes made to the service that looks to support real-time transacting. For the U.K.’s But last June, the U.K.

Faster Payments 46

Faster Payments Technology Real Time Payments ISO 20022 46

PYMNTS

FEBRUARY 18, 2020

With a nod toward faster payments and its impact on B2B, Harbison said he remains “extremely bullish” on the changes that might come in the wake of such initiatives. He added that wires are particularly vulnerable to many of the new payment networks and technologies being deployed.

B2B 52

B2B Faster Payments Payments ACH 52

PYMNTS

MARCH 10, 2017

Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. In the U.S. Coopetition Is Key .

Faster Payments 67

Faster Payments Payments Interoperability Push-to-Card 67

PYMNTS

NOVEMBER 5, 2019

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. A new report from the U.S. A large majority — 95 percent — agreed that it was either very or somewhat important for the U.S.

Faster Payments 40

Faster Payments Interoperability FedNow ACH 40

PYMNTS

MAY 14, 2018

A payments initiative, backed by Germany-based Deutsche Bank , could lead to another web-based payment option for airline passengers and diminished revenue for credit card providers. More specifically, those fees would be fixed in contrast to the percentages charged by payment networks.

Consumer 40

Consumer Accounts Credit Cards Debit Card 40

PYMNTS

JULY 4, 2018

PYMNTS takes a look back at some of the most popular B2B payments stories of the year so far. February’s announcement that Visa would acquire long-time expense management partner Fraedom was the latest in a string of B2B payments initiatives for the credit card company. Visa Buys Fraedom.

B2B 40

B2B Payment APIs and Integration Push-to-Card Visa 40

PYMNTS

JANUARY 21, 2019

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JANUARY 14, 2020

The deal will be positive for Visa in a number of ways, according to Kelly, who cited the expansion of a new, high-growth financial data network in the U.S., focused on FinTech developers and Visa’s bank partners.

FinTech 63

FinTech Payment APIs and Integration Value Added Service Cross-Border 63

PYMNTS

JULY 4, 2016

Regulation is one of two words that keep a lot of payments executives up at night (the other being cybercrime) as regulation forces everyone across the ecosystem to allocate time, money and people to making sure that all of the regulatory boxes are checked and double-checked. It’s the next-generation payments system.”

Compliance 40

Compliance Payment APIs and Integration Online and Mobile Banking Regulations 40

The Fintech Times

JULY 24, 2024

In fact, in 2023 , real-time payments only made up one per cent of all payments in the country. Up to this point, US financial institutions have relied on The Clearing House ‘s (TCH) Real-Time Payments Network (RTP), run by big banks. What is actually popular?

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

DECEMBER 26, 2018

By using account aggregation and payment initiation technology, banks and FinTechs alike can now offer users the ability to view their balances, make payments and receive tailored advice through their chosen channel or app, even if their actual accounts are held by another bank.

Cross-Border 51

Cross-Border Cross-Border Payments SWIFT Innovation 51

PYMNTS

JANUARY 2, 2017

And even though traditional rates can sometimes look more competitive, the value of real-time payment processing compounded with the price makes a better product offering than the speed and price of traditional rates, he added. Blockchain and faster cross-border payments. percent transaction fee.

Cross-Border Payments 42

Cross-Border Payments Cross-Border Payment APIs and Integration Blockchain 42

M2P Fintech

MARCH 28, 2024

C losed-loop Payment System Closed-loop payment systems are payment networks that operate within their exclusive networks, confining transactions to specific merchants or vendors. Unlike widely accepted open-loop systems like Visa, they offer limited interoperability.

FinTech 59

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

PYMNTS

APRIL 8, 2016

Estep believes that the ACH Network is different than other payment networks because it provides the base layer of functionality at a “common level” as well as the rules, but the tools — or solution products — that sit on top of the ACH Network that make it easy, safe, secure and add value to those using the Network. .

Faster Payments 40

Faster Payments ACH Network Same Day ACH ACH 40

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking. This online payment method is very straightforward and fraud-resistant.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

Fintech Review

MARCH 5, 2025

Banks process payments only during business hours, delaying transactions over weekends and holidays. Cut-off times mean payments initiated late in the day may not be processed until the next business day. Some use local payment networks to reduce reliance on SWIFT and traditional banking rails.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 76

Fintech Review

APRIL 1, 2025

Early Days and Initial Strategy Founded by Nikolay Storonsky and Vlad Yatsenko in London, Revolut aimed to simplify international payments. Initially, Revolut’s offering was straightforwarda prepaid card with competitive foreign exchange rates and no hidden fees.

FinTech 94

FinTech Compliance Payment APIs and Integration Innovation 94