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London fintech Yaspa, an award-winning provider of real-timepayment, account verification and intelligence solutions, has announced its partnership with VIALET, the European-licensed electronic money institution.
In 2025, UPI is expected to become an omnipresent network, transforming connected devices into potential payment endpoints through messaging platforms like WhatsApp. Real-TimePayments Bridging Asia Pacific Borders Real-time and cross-border payments are becoming a reality, thanks to regional collaborations and technological advancements.
Cashflows , the platform that helps businesses easily accept payments, has partnered with bank payment company GoCardless to power Cashflows Payouts, a streamlined new solution that enables businesses to send real-timepayments using account-to-account payment technology.
Meanwhile, banks and fintechs are ramping up their use of AI, navigating new regulatory requirements, and adapting to global momentum around real-timepayments and digital identity. All of these aspects, plus an increase in stablecoin adoption are making real-timepayments the norm and are raising customer expectations.
The report also notes a shift in consumer preferences, with rising adoption of digital wallets, mobile POS payments, and BNPL services. Looking to 2025, mobile payments and digital commerce are projected to exceed 10 trillion, with open banking and real-timepayments leading growth.
This evolution hasnt just been about convenience; its been a calculated push towards an ecosystem where digital wallets dont just process payments but serve as financial hubs. This brought near-field communication (NFC) technology to in-store payments, changing the point of sale (POS) sector.
These attacks often coincide with travel schedules or major transactions when verification becomes difficult. Voice cloning and video manipulation will make verification harder. Real-timepayment systems similarly reduce recovery windows, demanding stronger preventive controls.
Bank payment company GoCardless has partnered with Cashflows , the platform helping businesses accept payments, to power Cashflows Payouts, a new solution enabling businesses to send real-timepayments using account-to-account payment technology.
Rethinking identity in a token-based future With tokenisation becoming integral to modern payments infrastructure, its role in identity management is expanding. Traditionally, identity verification and credential storage were separate from payment processes.
London fintech Yaspa, an award-winning provider of real-timepayment, account verification and intelligence solutions, has announced its partnership with VIALET, the European-licensed electronic money institution.
.# Businesses and consumers alike will benefit from heightened security and smoother transactions at every touchpoint, with reduced friction during verification, accelerated compliance checks, and seamless real-timepayments.
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-timepayments up to the value of $10 million. adults have fallen victim to real-timepayment scams [4].
By integrating your payment portals with banks, you will keep transaction fees lower and ensure money is quickly deposited into accounts after verification. ACH APIs make transactions smoother and more cost-effective by integrating your business and payment processing systems. Contact sales How Does an ACH API Work?
Integrating with payment gateways that provide real-time updates further streamlines this process, allowing businesses to maintain up-to-date financial records without manual effort. Reduce payment failures Dunning management can be used to automatically retry failed payments, reducing the need for manual follow-ups.
Fraud detection and security tools: Merchant accounts often include tools and standards to prevent fraud and enhance security, including Payment Card Industry Data Security Standards (PCI-DSS). By working with Internet merchant account providers, businesses can ensure their payment systems are robust and reliable.
Initiatives like Project Nexus aim to connect Thailand’s real-timepayment systems with countries like Singapore and India, making cross-border payments faster and cheaper. K Plus, for instance, already supports QR payments in 47 countries. The BNPL sector is expected to reach USD $6.6 billion by 2030.
Seamless gateway integrations with other business tools , such as shopping carts and accounting software, can reduce manual work and streamline operations, saving time and resources. Integrations ensure all payment details are accurately reflected in your systems.
Partnerships and acquisitions Card Present over Internet (CPol) provider, Burbank has today announced a major strategic partnership with global payments technology provider Transactility (creators of jPOS) to accelerate the adoption of CPoI across the banking sector.
At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-timepayment systems impact PSPs and their customers.
Wilmington, North Carolina, April 10th, 2025, FinanceWire Brantas paymentverification and Amboss compliance tools give businesses a robust solution to mitigate risks from sophisticated attackers, setting a new standard for business operational security in the Bitcoin and Lightning Network ecosystems.
QwikPay integrates iDenfy’s identity verification and AML solutions to support secure and real-time user onboarding while remaining compliant with Australia’s financial regulatory requirements and industry laws. To use the identity verification, users simply upload a government-issued ID and take a selfie.
Why SaaS Matters Now: The Pressure to Modernise The adoption gap is especially significant given APAC’s leadership in payment innovation. With the growth of real-timepayment systems, the panel highlighted the increasing importance of fraud prevention. Regulation gave banks the budget and the urgency,” he said.
KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. It is non-negotiable for any business handling payments, onboarding customers, or moving money across borders. Best for : Businesses expanding globally that require high verification speed.
By fostering strong relationships with merchants, PSPs, and issuing banks, EPI is now in a great position to effect significant change and shape the future of digital payments across Europe. Part of this was the launch of the real-timepayment system Wero last summer.
The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. This increased digital dependency has raised the need for secure access and quick and easy identity verification online.
AVS (Address Verification System) Verifies the billing address matches the card. CVV (Card Verification Value) The 3-digit number on the back of a card. KYC (Know Your Customer) Verification required to open a merchant account. Payment Methods & Card Types Credit Card A card that borrows money from a line of credit.
Yaspa is an award-winning fintech providing instant payment and identity services, using open banking technology and AI to help regulated businesses elevate customer intelligence and cash flow via its proprietary real-timepayments solution, Intelligent Payments.
London fintech Yaspa , an award-winning provider of real-timepayment, and account verification and intelligence solutions, has announced its membership of The Payments Association. Yaspa uses open banking technology to provide instant bank payments that are faster and more cost-effective than cards.
Biometric identity verification firm iProov has appointed Alex Pearson as chief revenue officer. The move supports growing demand for streamlined treasury solutions that combine digital assets with traditional payment infrastructure. Joining her are Agustín Carstens and Sanjiv Bajaj.
The EO, which is targeting waste, fraud, and abuse, will offer both banks and fintechs opportunities and challenges as they seek to bring digital banking to underbanked consumers who need to send payments to and receive payments from the federal government.
Yaspa , a fintech offering real-timepayment and account verification and intelligence solutions, has announced its membership of The Payments Association.
According to Russ Waterhouse , executive vice president of Product Development and Strategy at The Clearing House (TCH), the surge in digitization brought on by the COVID-19 crisis has accelerated the evolution of a range of RTP (Real-TimePayments) network advancements, including instant payroll, merchant settlements and tokenization.
In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Ainsley Ward, Vice President Payments Solutions, CGI, explores the topic of instant mandates and the implementation of Verification of Payee (VoP) across Europe.
Regarding the first point, these legacy issues are the banks’ major roadblocks, as their systems are unable to withstand the speed, volume, and security required for real-timepayments. Integrating instant payments with existing systems can be challenging.
Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. In 2020, failed payments were estimated to cost the global economy $118.5
One way around that — and to help pave the way for even more digital payments, especially in the B2B world , where paper still has a commanding role — is to offer reassurances, which often boil down to authentication and verification, and doing so in realtime. The occasion?
A new solution from Singapore-based Aspire , in partnership with credit card giant Visa and FinTech Nium, aims to simplify these verifications by providing cash flow monitoring and expense tracking services. Visa will be providing access to capital to find the projection, while Nium’s APIs will connect the card to issuing banks.
As a B2B vendor, implementing real-timepayments can significantly enhance your business operations and financial health. Photo by Joshua Hoehne on Unsplash ) Core Networks for Real-Time B2B Transactions Here are the B2B real-timepayment solutions currently available in the U.S.,
Robust change will be seen with real-timepayment 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.
When The Clearing House (TCH) unveiled the Real-TimePayments (RTP) system in 2017, it propelled swifter payments and brought about the next generation of fund transfers. It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S. in approximately four decades. .
They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-timepayments when transacting with each other. Around The Real-TimePayments World. Read more in the Tracker.
It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into address verification, D2C shopping and Google ’s transition to the SAP Ariba network. The Clearing House On The Race for Real-TimePayments In The US.
In a sign that RTP adoption is now spreading beyond the biggest banks, Chesapeake Bank , based in Virginia, has looped into The Clearing House’s Real-TimePayments (RTP) network. ” “Supporting real-timepayments through the RTP network is an important step for us,” he continued.
It issues early alerts about sanctioned banks, helping organisations avoid compliance risks and costly payment issues. This solution enhances the customer experience, fosters trust, and integrates easily into various platforms for real-time data verification,” said Edward.
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