Fintech Finance

NOVEMBER 28, 2024

The report outlines several potential use cases for spendable benefits cards, such as use in employee-engagement platforms, reward and recognition platforms, traditional HR platforms and new employee-centric super apps. To meet these expectations, new approaches, powered by modern retail payments technology, are required.

Embedded Finance 97

Embedded Finance Finance Technology Debit Card 97

The Payments Association

JUNE 16, 2025

The Bank of England’s ongoing work to design a digital pound is one of several market developments which will reshape the future of retail payments. Any future digital pound will likely co-exist with stablecoins, e-money, tokenised deposits and an upgraded account-to-account payment infrastructure. Kristaps Zips UK CEO, payabl.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Fintech News

NOVEMBER 17, 2024

of all monthly retail payments to digital transactions. Taking a customer-centric approach to growth in the Philippines Source: Pexels The Philippines has seen immense growth in the fintech sector. As of 2023, the country had converted 52.8% It makes it so much more future-proof in terms of how you build your IT organisation.”

SWIFT 116

SWIFT API Underserved Interoperability 116

The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. The EWC is actively engaged in pilot projects to expand the functionality of the reference wallet application for use cases related to digital travel credentials.

Security 88

Security Online and Mobile Banking Credential Verification 88

The Payments Association

JANUARY 15, 2025

The UKs roadmap to faster, more efficient payments A key area of focus outlined in the National Payments Vision is enabling interoperability between domestic and international systems, supported by the adoption of ISO 20022 messaging standards while ensuring the security of the UKs payment systems.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

The Fintech Times

DECEMBER 3, 2024

Following a call launched in November, the ECB will join with key stakeholders, including merchants, payment service providers, fintech companies and universities, to form innovation partnerships to test conditional payments (i.e payments that are made automatically when predefined conditions are met).

Central Bank 59

Central Bank Participant Procedures Risk Management 59

PYMNTS

OCTOBER 2, 2020

In today’s top news, the European Central Bank outlines use cases for a digital euro, and Goldman Sachs will buy GM’s credit card business. European Central Bank Outlines Use Cases for Digital Euro. Plus, Walmart is partnering with Clover Health for its new health centers. Goldman to Pay $2.5B

Use Case 77

Use Case Credit Cards Central Bank Push-to-Card 77

Open Banking Excellence

NOVEMBER 9, 2023

These figures are certainly positive but must be understood in a wider context in which cards and direct debits remain far more popular options for retail payments. The number of adults using Open Banking in the UK represents around 10% of the adult population. There are three possible routes forward.

Use Case 130

Use Case API Fraud Prevention Risk 130

PYMNTS

JANUARY 20, 2020

An idea that may get a splash of cold water is that the development of a digital fiat (at least, in Australia) would lead to a groundswell of payments at the retail point of sale — in other words, through a boost in use cases.

Digital Currency 87

Digital Currency CBDC Retail Payments Central Bank 87

Fintech Finance

OCTOBER 15, 2024

Each bank or merchant can implement one or more types of RoPay payments, depending on their strategy. The RoPay service is being gradually rolled out, as participating banks introduce new features and cover more use cases, while users get accustomed to the service.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

Fintech News

FEBRUARY 28, 2024

Interestingly, Singapore’s consumer cryptocurrency ownership is high among those surveyed in new findings, and staking has emerged as the most popular use case, preceding others such as trading cryptocurrencies and holding cryptocurrencies for the long term.

Cryptocurrency 126

Cryptocurrency Stablecoins Digital Currency Regulations 126

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system.

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

Fintech Finance

FEBRUARY 7, 2024

Nuvei’s unified commerce offering, which is now available to customers operating outside of North America for the first time, is enabling businesses to develop new customer payments experiences with greater control and unified analytics effortlessly.

Payment APIs and Integration 52

Payment APIs and Integration Retail Payments Use Case Compromise 52

PYMNTS

JANUARY 20, 2020

An idea that may get a splash of cold water is that the development of a digital fiat (at least, in Australia) would lead to a groundswell of payments at the retail point of sale — in other words, through a boost in use cases.

CBDC 40

CBDC Retail Payments Central Bank Digital Currency 40

Fintech Finance

JANUARY 25, 2024

Through leveraging Open Banking and instant payments, the SPAA scheme will directly support the establishment of a competitive pan-European payment solution, which is a key pillar of the retail payment strategies of both the European Commission (EC) and European Central Bank (ECB). As a SPAA participant, Token.io

Innovation 52

Innovation Participant Central Bank Payments 52

PYMNTS

JANUARY 3, 2020

The paper , titled “Tiered CBDC and the Financial System” and bylined by Ulrich Bindseil, the ECB’s director general of market infrastructure and payments, notes that there are advantages and disadvantages to central bank digital currencies (CBDC), tied in part to retail payments.

Digital Currency 52

Digital Currency CBDC Central Bank Retail Payments 52

PYMNTS

JUNE 7, 2019

In a year that has been marked by mega mergers in the payments space (linking networks, technology and a continuum of products and services), several themes dominate: scale, digital, real-time and cross-border. MoneyGram International reportedly is looking at alternatives for the payments company, including a sale.

FBI 68

FBI Visa Cross-Border Fraud Prevention 68

Fintech News

DECEMBER 20, 2023

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.

FinTech 111

FinTech Cross-Border CBDC Web 3.0 111

PYMNTS

MAY 27, 2020

CoinDesk reported that Tommaso Mancini-Griffoli, deputy division chief in the Monetary and Capital Markets Department at the International Monetary Fund (IMF), has said that such partnerships would help spur innovation in retail payments. He pointed to the concept of synthetic central bank digital currencies ( CBDC ).

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57

The Fintech Times

JUNE 14, 2024

Further benefits include broader accessibility for customers who choose to pay cash via Nuvei’s retail payment network, and the general convenience of increased paperless payments. ” The post Nuvei Enhances Payment Experience for Drivers Via ViaPlus Integration appeared first on The Fintech Times.

Near Real-Time 59

Near Real-Time Alternative Payment Methods Payments Cross-Border 59

PYMNTS

APRIL 1, 2020

” To highlight this challenge, PYMNTS recently collaborated with MSTS for the Innovating B2B Retail Payments Playbook: Optimizing Payment Solutions for Business Customers edition. “As you get the use case right, you can replicate that across a whole vertical.”

B2C 64

B2C B2B Underwriting Use Case 64

PYMNTS

APRIL 27, 2020

Transactions can be done through quick response (QR) codes or NFC-enabled transactions, with parties providing incentives to consumers to get them to use those rails. A more immediate use case that could also provide additional tailwinds, Cagney explained, is using blockchain rails and digital dollars to distribute food stamps, for example.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

Clearly Payments

JANUARY 25, 2024

Digital Currency and Payments in Canada In 2024, the Canadian digital currency market has experienced a notable surge in mainstream adoption, driven by increased media coverage, educational initiatives, and expanding use cases such as retail payments and cross-border transfers.

Process 105

Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

PYMNTS

DECEMBER 18, 2018

As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security.

Security 57

Security Privacy Encryption Governance 57

Fintech Finance

JULY 4, 2024

Open banking investment Fintech is the future of financial services and, by delivering the next phase of open banking and open finance, we can unlock the potential for increased competition in retail payments. This might involve creating a UK crypto hub, learning from the EU’s MiCA and other similar legislations around the world.

Scams 75

Scams Payments Interoperability Governance 75

PYMNTS

FEBRUARY 20, 2018

“Although competition and innovations such as mobile or eBanking have made these payments more convenient, the bulk of clearing and settlement for cross-border payments still goes through traditional correspondent banks, which struggle to handle the higher-volume, lower-value retail payments,” the CPMI noted in its report.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

APRIL 14, 2017

But speed is not enough, he added, as payment rails also need to include better data and widespread availability around the clock and interoperability that can support open use cases. Such a service is not used by every business, but the use cases are growing dramatically.

ACH Network 42

ACH Network ACH Payments ISO 20022 42

The Fintech Times

MAY 20, 2024

On 14 May, Spain-based Banco Santander and Iberpay , the Spanish retail payment system, processed the first international instant transfers based on the European Payments Council ‘s (EPC’s) ‘One-Leg Out’ scheme, initiated and completed in different currency areas.

Process 49

Process International Payments Instant Payments Treasury Management 49

PYMNTS

SEPTEMBER 17, 2018

Consumers know that payment methods bearing their brand are accepted at tens of millions of merchants globally and that when they use those products, they work reliably. Retail payments innovators have tapped into that ubiquity-driven certainty to enable new use cases that extend their reach.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

JANUARY 29, 2018

In a world where the certainty of a consumer’s identity and her authorized use of those credentials is essential to building trust in a world where the consumer and her credentials become more and more intangible, he who cracks the authentication code will take payments and commerce to its full, digital potential.

Online and Mobile Banking 67

Online and Mobile Banking Credential Breach Authentication 67

PYMNTS

DECEMBER 2, 2019

His comments came on the heels of a recent Commerce Ventures capital raise for a new, $60 million fund aimed at the retail and financial services sector. It’s a principle that Rosen said has become even more important, as payments have moved well past retail and toward enabling a better, more secure online user experience.

Demand Deposit Account (DDA) 50

Demand Deposit Account (DDA) C2B Innovation Continuity 50

PYMNTS

NOVEMBER 17, 2017

The technology can also be used in IoT (Internet of Things) applications, so it’s possible that Apple could be mulling its usage for authentication purposes and other use cases. That’s on top of the recent expansion that increased the number of used cars for sale on the marketplace.

Payment APIs and Integration 40

Payment APIs and Integration Security NOV Technology 40

CoinRemitter

JUNE 26, 2024

Retail: Secure Payment Methods: Blockchain makes retail payments safer and simpler by using secure, decentralized systems. Retailers can accept payments directly from customers using cryptocurrencies and stablecoins on the blockchain. This reduces fraud and data breaches.

Blockchain 40

Blockchain Central Bank Cryptocurrency Digital Currency 40

The Fintech Times

FEBRUARY 28, 2024

“Clearpay’s latest Oxford Economics report revealed that nearly one in three UK consumers used BNPL over the 12 months ending August 2023, with this figure rising to 41 per cent and 36 per cent respectively among Gen X and Millennials.

Payment Solutions 59

Payment Solutions BNPL Payment APIs and Integration Payments 59

PYMNTS

APRIL 22, 2016

That’s the main takeaway from PayPal’s global study of retailers worldwide. Consumers and the merchants that serve them are very enthusiastic about mobile’s potential as a commerce-enhancing tool; they just would like those use cases to be not so separate.

PayPal 41

PayPal Push-to-Card Venmo Consumer 41

PYMNTS

OCTOBER 8, 2018

Banks use deposits kept there as a key platform asset upon which other value is created to keep customers sticky and those deposits in their vaults. who today already have access to an ubiquitous faster payments scheme called same-day ACH. That’s also where we’ve seen banks innovate.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

JANUARY 18, 2017

This is where we can help the merchant influence the mindset of its consumers and get them to start using mobile, as opposed to cash and other physical means. It’s a challenge, but we have to do that. Otherwise, we aren’t going to see that drive.

Consumer 49

Consumer Online and Mobile Banking Mobile Payments Regulations 49