Finextra

JUNE 2, 2025

Maybe another service could use payment initiation APIs to let you pay your utility bills from any of your linked bank accounts without using the clunky bank website. In effect, banking components became plug-and-play modules. Banks and big fintechs are adopting some DeFi technologies under the hood to improve efficiency (e.g.,

Finance 52

Finance Payment APIs and Integration API Regulations 52

Fintech Review

MAY 4, 2025

Payments & FX Management Let’s continue the top 100 fintech tools and platforms with payments and foreign exchange (FX) management. Managing payments and FX is mission-critical for businesses operating across borders or handling multi-currency revenue streams.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

Finextra

JUNE 23, 2025

billion in profits for FY24 24 April 2025 /people Revolut's Storonsky banks £350 million windfall from share sales 15 January 2025 Finextra Promoted [On-Demand Webinar] Navigating the Macro-economy: Opportunities in Multi-currency Settlement Welcome to Finextra. We use cookies to help us to deliver our services.

ATM 69

ATM Multi-Currency Privacy Research 69

Fintech Finance

APRIL 24, 2024

Philip Panaino, Global Head of Cash at Standard Chartered, said: “We are delighted to build on our existing partnership with Visa to deliver this innovative and future-ready cross border payment network offering to our clients. We will join as a participant bank and as Visa’s new settlement partner for a set of currencies.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Settlement B2B 92

The Fintech Times

MARCH 30, 2024

But if the settlement is approved, merchants will be able to change the rates they charge for all cards, instead of basing it on the credit card network alone. “The measures in this settlement that allow for more surcharging and greater competition could lead to swipe fee reductions well beyond just what is mandated.

Credit Cards 59

Credit Cards Settlement Visa Consumer 59

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Digital dollars on the horizon? Maybe – but first comes a focus on policy.

Digital Currency 113

Digital Currency Fed Federal Reserve CBDC 113

Fintech News

APRIL 18, 2024

This license allows Brankas to offer enhanced transparency in payment transactions, providing businesses and their customers with real-time visibility into account balances during transactions.

Security 111

Security Embedded Finance Debit Card Reconciliation 111

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. The overall goal has been to design and implement a way to eliminate the three-day settlement program for checks to clear and provide immediate access to funds. The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The Fed also launched an instant payment initiative in August.

Digital Currency 104

Digital Currency Central Bank Fed Federal Reserve 104

PYMNTS

SEPTEMBER 6, 2018

The digital asset facilitates the trade, and supplies important settlement instructions. By way of illustration, the company gave a scenario: “Two financial institutions transacting together agree to use a stable coin, central bank digital currency or other digital assets as the bridge asset between any two fiat currencies.

SWIFT 40

SWIFT Payment Initiation Caps Cross-Border Payments 40

Fintech Finance

OCTOBER 17, 2024

It marks a significant advancement in account-to-account payment solutions, offering businesses a fully integrated payment experience with the Worldline brand at the forefront to build trust towards payers.

Accounts 96

Accounts Cross-Border Payer Payments 96

Fintech Finance

OCTOBER 21, 2024

Cross-border payments initiated via Swift can be completed on Nium’s network, resulting in faster settlement, end-to-end transparency, and full traceability for most popular corridors. For global businesses, navigating disparate financial systems and message formats can be a barrier to market expansion.

Real Time Payments 95

Real Time Payments SWIFT Payment Networks Cross-Border Payments 95

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”.

SWIFT 60

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

AUGUST 21, 2020

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept. Interoperability Is Key. To get there, interoperability is key, said Cunha.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

The Fintech Times

APRIL 26, 2024

These capabilities help meet the needs of corporates of all sizes that are actively looking at ways to achieve quicker, more secure, and more efficient cross-border payments. The Bank will also act as one of Visa’s settlement partners within the network. It does so by facilitating seamless payment and auto reconciliation.

Cross-Border Payments 59

Cross-Border Payments Cross-Border B2B Settlement 59

PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

JULY 22, 2020

While corporate treasurers will be faced with a new paradigm for managing cash, the improved clearing and settlement can lessen the burden of manual intervention and accelerate the realization of the value of real-time payment adoption. Exploring Value. In the U.S., adoption remains muted compared to other markets like the U.K.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

Fintech Finance

MARCH 13, 2025

By offering an easy alternative to both card payments and manual bank transfers, Atoa addresses key inefficiencies in the payments ecosystem. Unlike card payments, which come with high fees and slow settlement times, Atoa provides businesses with instant access to funds at a fraction of the cost.

Payments Institute 66

Payments Institute Security Payment APIs and Integration Payments 66

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”.

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. But as Karen Webster noted in the latest installment of Topic TBD, even as faster payments takes a step closer to reality in the U.S.,

Same Day ACH 71

Same Day ACH Faster Payments Ubiquitous ACH 71

PYMNTS

NOVEMBER 2, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. To download the November edition of the PYMNTS.com Faster Payments Tracker™ , click the button below.

Faster Payments 74

Faster Payments Same Day ACH NACHA Payments 74

PYMNTS

SEPTEMBER 19, 2018

“FPS brings convenience and saves time for consumers by enabling payments to be made anytime, anywhere, and contributes to the efficiency of businesses by making real-time settlement possible. Other businesses linked to the service include Citibank , Standard Chartered , Bank of China Hong Kong and 16 other FIs.

Real Time Payments 60

Real Time Payments Faster Payments P2P Payments 60

PYMNTS

SEPTEMBER 27, 2018

Leading consumer payment conglomerates like WeChat Pay and Alipay are bracing for FPS to enhance their peer-to-peer (P2P) payment capabilities, but the faster payments initiative is also expected to affect corporate payments. Transfer amounts can be as high as HK$1 million, reports said.

Faster Payments 65

Faster Payments Funds Transfer Payments Payer 65

PYMNTS

OCTOBER 17, 2018

According to reports, there are an estimated 2 million companies with a settlement account at Sberbank. Last year, Sberbank agreed to invest more than $500 million in the Yandex.Market eCommerce solution to develop a payment solution and introduce new features on the platform.

B2B 57

B2B SWIFT Payments Instant Payments 57

PYMNTS

APRIL 9, 2018

SWIFT ’s global payments initiative (gpi) service has a new bank on board. Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service.

SWIFT 54

SWIFT Cross-Border Payments Cross-Border Real Time Payments 54

PYMNTS

AUGUST 12, 2020

The solution is based on open banking wielding its payment initiation service, enabling Bottomline to use the U.K.’s ’s Faster Payments scheme. Pay Direct sees a payer initiate a payment from within a bank application integrated into a business’ own digital platform.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. via all banks and credit unions.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

AUGUST 8, 2019

Keeping Checks In B2B Payments. The impact of the Federal Reserve’ s faster payments initiative puts an interesting spin on the nation’s payments innovation efforts overall. “It’s costly because people run overdrafts or take out short-term loans, and it’s economically inefficient.”.

FedNow 66

FedNow Checks B2B Federal Reserve 66

PYMNTS

JANUARY 10, 2017

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. Reports noted that the move means Axis Bank can provide real-time settlement of those payments. “We

Cross-Border 44

Cross-Border Cross-Border Payments Blockchain Payments 44

PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. It’s known but not understood.

Faster Payments 72

Faster Payments Same Day ACH ACH Payments 72

PYMNTS

AUGUST 10, 2020

Taking a holistic view but making incremental changes is allowing organizations to progressively modernize their payment services. Everything from payment initiation to clearing and settlement is being impacted by advancements in channels, messaging protocols and networks to support the rapidly growing digital economy,” Davis said.

Consumer 56

Consumer Payments On-Demand Real Time Payments 56

PYMNTS

AUGUST 13, 2019

The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

NOVEMBER 7, 2016

.” Todd Aadland, VP of industry relations at the Fed, and Connie Theien, the Fed’s SVP and payments security strategy leader, offered PYMNTS more insight into how the Federal Reserve will tackle the issue of payments security, especially as faster payments initiatives from the Fed and other players change the game.

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

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.

Interoperability 45

Interoperability Stablecoins Cross-Border Cross-Border Payments 45

The Payments Association

OCTOBER 4, 2024

Globalisation and cross-border payments As commerce becomes increasingly global, the demand for seamless cross-border payments is growing. However, international transactions come with their own set of challenges, including fluctuating exchange rates, varying regulations, and complex settlement processes.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

PYMNTS

OCTOBER 6, 2016

” When PYMNTS spoke to SWIFT about some of the criticism it’s faced over gpi, Head of Payments Initiatives for the Americas and U.K. ” In a blog post , Ripple targeted gpi as an initiative that fails to truly deliver the level of innovation it argued is necessary for industry stakeholders today.

SWIFT 75

SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

MARCH 28, 2016

China has received some criticism and skepticism over its cross-border payments initiative, spearheaded as CIPS — the Cross-Border Inter-Bank Payments System. Analysts point out that the payments system operates just 11 hours a day and only out of Shanghai. and fees associated with payments using CIPS are unclear.

SWIFT 40

SWIFT Cross-Border Cross-Border Payments Payments 40