Finextra

DECEMBER 4, 2024

The Clearing House, the operator of the RTP® network, the largest instant payments system in the United States, will raise the individual transaction limit to $10 million.

Transaction Limits 52

Transaction Limits RTP Transactions Instant Payments 52

The Paypers

MARCH 11, 2024

Ant Group , the fintech affiliate of Alibaba Group Holding, has increased the mobile payment transaction limits for overseas visitors to Alipay and international e-wallets in China.

Transaction Limits 41

Transaction Limits Transactions Mobile Payments FinTech 41

PYMNTS

MARCH 23, 2020

Ireland’s AIB has nixed a plan to implement a 1-cent fee on contactless transactions during the pandemic, finding it imprudent to set that fee while a lack of human contact is encouraged. The change mirrors decisions made in other sectors of the public sphere across Europe.

Transaction Limits 56

Transaction Limits Transactions Contactless Payments Visa 56

Fintech News

MARCH 3, 2025

Transfers can only be made from funds topped up via PayNow or a linked bank account, with transaction limits set at S$20,000 per transaction and S$100,000 annually. Security measures include OTP verification and PIN or biometric authentication for transactions exceeding S$1,000.

Multi-Currency 90

Multi-Currency Cross-Border Payments Cross-Border Transaction Limits 90

Fintech Finance

FEBRUARY 19, 2025

With unlimited inbound transfers, high outbound transaction limits, enhanced security, and competitive pricing, this product also gives Lili’s small business customers the option to pay and get paid via wire transfer as quickly as 24 hours later.

International Payments 94

International Payments Wire Transfer Wire Wires 94

Clearly Payments

MAY 13, 2025

billion transactions, up from 1.2 million transactions in 2024. Interac e-Transfer for Business (Automated): This version is more powerful and includes features such as real-time settlement, automated deposit, higher transaction limits, and business name visibility. In 2024, the platform processed over 1.4

Credit Cards 94

Credit Cards Online and Mobile Banking Settlement Processors 94

The Paypers

MARCH 27, 2020

The European Banking Authority (EBA) has issued a statement urging the European payments industry to increase contactless transaction limits to EUR 50 (USD 54.97).

Transaction Limits 39

Transaction Limits Transactions Authorization Payments 39

Finextra

MARCH 8, 2024

In response to China's new policies to facilitate international visits, Ant Group is raising single-transaction limit for international travellers using its cross-border payment services from USD 1000 to USD 5000; and annual cumulative transaction limit up from USD 10,000 to USD 50,000.

Transaction Limits 45

Transaction Limits Cross-Border Payments Cross-Border Transactions 45

The Paypers

SEPTEMBER 24, 2021

Lloyds Bank , Halifax , and Bank of Scotland have announced they will allow customers to set their own contactless card limits when the new GBP 100 transaction limit starts in October 2021.

Transaction Limits 44

Transaction Limits Transactions 44

Stax

MAY 6, 2025

From handling higher transaction volumes to enabling new revenue models, the right system should grow with you and streamline both your operations and your customers checkout experience. From handling spikes in transactions to supporting subscriptions, omnichannel sales, and new markets, your payment processor should make expansion easier.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Volume Payments 88

Finovate

NOVEMBER 14, 2024

Payfinia used IPX’s fraud prevention capabilities to tailor user controls and permit higher transaction limits, allowing the funding to be sent in $500,000 increments to its account at U.S. Each transaction settled in less than five seconds. million in Seed funding. ” said Star One CEO Gary Rodrigues.

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

Fintech Finance

JULY 3, 2024

This collaboration will provide Zimpler’s merchants with an optimized payment solution combining the strengths of Zimpler’s account-to-account (A2A) payments and Swish’s seamless transaction capabilities. Increased conversion rates: Addressing transaction limits and reducing errors to ensure successful payments and minimize drop-offs.

Transaction Limits 105

Transaction Limits Payments Instant Payments Payment Solutions 105

Fintech News

NOVEMBER 12, 2024

In joint accounts, parents retain full control over account operations, while sole-name accounts for minors have stricter safeguards, such as lower daily transaction limits of S$50 to S$100, which parents can adjust. Such accounts aim to instill financial management skills in children while providing a controlled environment.

Accounts 103

Accounts Financial Literacy Transaction Limits Scams 103

EBizCharge

MARCH 20, 2025

These steps will help you optimize payment processing with fewer errors, faster collections, and secure transactions. Here are a few methods for testing: Use a sandbox environment: Most payment providers offer a test mode (sandbox) that allows businesses to simulate transactions without processing actual payments.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

The Paypers

APRIL 6, 2021

Nacha has announced that the Same Day ACH payments transaction limit will be increased to USD 1 million.

Same Day ACH 34

Same Day ACH Transaction Limits ACH NACHA 34

The Payments Association

FEBRUARY 10, 2025

Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions. AI can enhance transaction monitoring, while stronger KYC processes and staff training will help manage risks and maintain compliance.

IBAN 88

IBAN AML Master Account Due Diligence 88

NFCW

JUNE 27, 2024

To use the service, the merchant enters the transaction amount in the usual way and the customer then taps their contactless card to the merchant’s payment terminal. If the amount is over €50, they will then be prompted to enter their PIN so that the transaction can then be authorized.

Contactless Payments 103

Contactless Payments Transaction Limits Payments Payment Networks 103

Payments Source

APRIL 28, 2020

Barclays has experienced an incremental £264 million (about $330 million) in contactless spend in the month since it raised its per-transaction limit in response to the coronavirus pandemic, which has created an aversion to cash and contact payments.

Contactless Payments 97

Contactless Payments Volume Transaction Limits Payments 97

Fintech News

AUGUST 7, 2024

Key among these measures are a default transaction notification threshold of S$100 or lower and a daily transaction limit of no more than S$1,000. These include not disclosing one’s account credentials, actively checking transaction notifications, and verifying that transactions are made to the intended recipient.”

Cross-Border Payments 106

Cross-Border Payments Cross-Border Scams Transaction Limits 106

The Fintech Times

JANUARY 20, 2025

protocol is designed to support issuers, acquirers, and merchants in reducing fraud and improving transaction approval rates. These include: Improved acceptance rates: Advanced risk assessment capabilities result in fewer declined transactions, increasing successful payment completions and boosting revenue. ” EMV 3DS 2.3.1.1

EMV 59

EMV Payment APIs and Integration Authentication Processors 59

NFCW

JANUARY 16, 2024

The Swiss central bank’s researchers based their analysis on anonymized, transaction-level data for a large sample of point-of-sale debit card payments made in Switzerland between 2019 and 2021. “In Switzerland – the country we study – the tap-and-go limit was doubled from CHF40 to CHF80 in April 2020.

Contactless Payments 122

Contactless Payments Research Consumer Central Bank 122

Fintech Finance

OCTOBER 11, 2024

America First Credit Union has partnered with technology leader Diebold Nixdorf (NYSE: DBD) to modernize and improve its payment transactions and ATM offerings — including being the first credit union to implement next-generation cloud-native technology that powers enhanced member experiences.

Credit Union 98

Credit Union ATM Transaction Limits Transactions 98

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has announced a series of updates, including an increase in the transaction limit for the Unified Payments Interface (UPI), particularly for payments related to medical and educational services. million) in volume, facilitating transactions amounting to nearly 2,800 crore rupees per month.

FinTech 106

FinTech Transaction Limits Central Bank Privacy 106

The Fintech Times

APRIL 2, 2025

The business continually enhances security features, this year launching in-app calls to help customers quickly expose impersonation scams, as well as implementing real-time AI fraud detection systems, transaction limits, biometric authentication requirements and providing educational resources to help consumers stay informed about potential risks.

Scams 59

Scams Consumer Financial Crimes Encryption 59

Payment Savvy

JUNE 7, 2023

Furthermore, thanks to Venmo’s unique social function, it provides small businesses with free advertising, as all their customers’ transactions can be tracked on their social feeds. You can either request payment via an app or let a customer research your account, input the transaction amount, and click “Send.”

Venmo 98

Venmo Transaction Limits Accounts Transactions 98

Fintech News

JANUARY 2, 2024

Alongside the increased limits, YouTrip has also introduced several anti-scam measures. The platform’s Fraud Monitoring System has been upgraded to more effectively analyse transaction patterns and identify potential fraudulent activities.

Caps 106

Caps Multi-Currency Transaction Limits Scams 106

PYMNTS

JANUARY 23, 2020

The Clearing House (TCH) is upping the value limit for transactions from the current level of $25,000 to $100,000 starting Feb. The new higher limit affects general transactions on the real-time payments (RTP) network, which is operated by TCH. 1, TCH announced on Thursday (Jan. More than half of U.S.

TCH 52

TCH RTP Transactions Credit Union 52

The Fintech Times

APRIL 27, 2025

The results, published in a new report, Pushing the Limits: US Instant Payments in 2025, based on responses from 300 senior payments professionals at US banks , suggest larger transaction limits are helping to boost instant payment demand. Instant payments adoption isnt just a tech challenge, it requires a shift in behaviour.

RTP 45

RTP FedNow Instant Payments Payee 45

PYMNTS

JULY 15, 2019

The Xoom expansion, King said, should be placed amid the larger context of estimates by the World Bank that as much as $700 billion annually will change hands in P2P remittance transactions. When adding other payment types and wire transfers, that brings cross-border transactions into the trillions of dollars.

PayPal 80

PayPal Cross-Border Transaction Limits P2P 80

Payments Source

MAY 23, 2017

Apple Pay's recent move to waive the £30 contactless transaction limit in the U.K. removes one of the key restraints it faced when competing with credit and debit cards at the checkout. But at this point in the mobile wallet adoption cycle, does this change really matter to consumers and merchants?

Debit Card 68

Debit Card Rules Transaction Limits Transactions 68

PYMNTS

JANUARY 28, 2020

When it comes to payment rail innovation, transaction speed is often the catalyst driving change. ’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. The Clearing House Expands RTP Opportunity. percent jump.

Same Day ACH 79

Same Day ACH RTP NACHA ACH 79

Clearly Payments

OCTOBER 22, 2024

As a merchant, understanding how a PIN (Personal Identification Number) works with credit and debit card transactions is essential for running a secure and efficient payment process. The purpose of a PIN is to authenticate the identity of the cardholder during a transaction. If the PIN is correct, the transaction proceeds.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Payments Source

JANUARY 23, 2020

In a move to increase the attractiveness of its Real-Time Payment (RTP) network, The Clearing House is raising the transactional limit for single payments to $100,000 starting February 1, 2020.

Real Time Payments 63

Real Time Payments RTP Transaction Limits Payments 63

The Paypers

APRIL 29, 2025

Findings from RedCompass Labs have indicated that the increasing transaction limits of RTP and FedNow are making instant payments more appealing to banks in the US.

RTP 48

RTP FedNow Instant Payments Transaction Limits 48

Fintech News

JANUARY 14, 2024

These messages falsely alert them about unauthorised access to their accounts and prompt them to click on links to verify their identities and supposedly halt fraudulent transactions. However, these links lead to counterfeit DBS websites where victims are tricked into divulging their internet banking credentials and One-Time Passwords (OTPs).

Phishing 106

Phishing Scams Authorization Transaction Limits 106

The Payments Association

MARCH 10, 2025

Merchant category codes (MCCs) are more than just numbers assigned to your businessthey shape how banks, payment processors, and card networks treat your transactions. Why MCC codes matter for merchants and banks MCC codes are essential because: Banks use MCCs to assess transaction risk.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

The Paypers

DECEMBER 10, 2021

UK-based Santander Bank has announced that its customers can now set their own contactless transaction limit lower than the maximum of GBP 100 introduced by the UK government.

Transaction Limits 57

Transaction Limits Governance Government Transactions 57