PYMNTS

NOVEMBER 19, 2018

Launched in June 2018, the Faster Payments Playbook Project Team is comprised of nearly 60 volunteers made up of a diverse set of participants including financial institutions, technology providers, associations, networks and businesses. The meeting, which took place last month during the larger Alliance meeting in Washington, D.C.,

NACHA 63

NACHA Faster Payments Risk Mitigation Payments 63

Faster Payments Council

NOVEMBER 3, 2019

The inaugural Faster Payments Barometer was widely circulated and received well over 700 responses from a broad array of payments stakeholder segments including financial institutions, core processors, payment network operators, business end users, acquirers, fintechs, and more. The survey was conducted from Sept. 18 – Oct.

Faster Payments 68

Faster Payments FPC Interoperability Payments 68

Faster Payments Council

JUNE 3, 2020

The form of settlement is an important factor when considering options for interoperability between faster payment systems and can have a bearing on both banks participating in a service and their end user customers. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org.

Interoperability 68

Interoperability Faster Payments Real Time Gross Settlement (RTGS) FPC 68

Faster Payments Council

JANUARY 20, 2020

It's our mission to help guide industry participants on their unique faster payments journeys and help demystify and simplify developments in the faster payments landscape. Its goal will also be to guide them through faster payments strategy development by addressing those opportunities and considerations specific to the business environment.

Faster Payments 68

Faster Payments Payments Tools FPC NACHA 68

PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. FinTechs are interested in providing value-added services to FIs — and can conceivably connect their offerings to the FedNow platform via participating depository institutions.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Faster Payments Council

MAY 7, 2020

So, that's the intent of the FPC's newly formed End-User QR Code Interface Work Group, chaired by Walmart's Matt Howarter. This group plans to develop a QR Code interface for use by participants in faster payments transactions—one that will enable a frictionless faster payments experience.

FPC 68

FPC Faster Payments Payments Facilitators 68

The Fintech Times

DECEMBER 13, 2023

The first is a continued focus on addressing consumer demand, specifically around frictionless checkout. Partnerships and other collaborations, particularly when thinking about those with payment networks, allow fintechs to be able to scale more efficiently while also delivering greater value to their end users.

FinTech 75

FinTech Payment Networks Research Payments Strategy 75

PYMNTS

FEBRUARY 20, 2018

In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level. Financial literacy is also key, while regulatory initiatives to address a decline in correspondent banking relationships — critical to cross-border payments — may also help.

Cross-Border Payments 43

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

PYMNTS

AUGUST 7, 2020

The Fed is defining instant payments as a subset of payments in which an end user receives funds in near real time, with immediate interbank settlement of the payment also having occurred. That’s where parties sending and receiving funds can use email addresses or phone numbers rather than account numbers. (Or

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

JANUARY 27, 2021

The end result is that there is a deluge of calls into banks’ call centers as consumers cancel or block subscription payments, or switch telco or utility relationships. “On On the product side, we address what we call the subscription life cycle, meaning that we help users to keep control of what recurring payments customers have today.

Consumer 72

Consumer Technology Push-to-Card Blocks 72

PYMNTS

JANUARY 22, 2020

For others, like NatWest and Sabre , that means collaborating on corporate card products that augment the end-user experience. According to the announcement, nearly 60 percent of the UAE workforce does not participate in the country’s traditional financial system. Visa, Sabre Pair For Virtual Travel Cards.

Commercial Card 52

Commercial Card Payroll B2B Small Business 52

PYMNTS

DECEMBER 20, 2019

Yet, for industry participants in particularly challenging fields, like CBD or hemp, access to stable banking relationships can be a challenge, Murray said, even though those products are entirely legal under federal law. . “How do we help these particular farmers and growers drive down the 4 percent, 4.25

Cross-Border 52

Cross-Border Cross-Border Payments Stablecoins Payments 52

PYMNTS

NOVEMBER 26, 2019

At the time of the suspension, the Bank of Lithuania released a statement that noted while “Lithuania is aiming to become a regional FinTech hub by creating favorable conditions for financial market participants” the central bank has “a zero-tolerance approach to any risk and irresponsible activities.”.

Compliance 73

Compliance Regulations FinTech Cross-Border Payments 73

PYMNTS

JANUARY 24, 2018

states passed laws allowing documents to be notarized electronically if the participants were in the same room as the notary, thus opening the market for solutions like DocVerify’s. If the notary doesn’t personally know the participant, which they typically don’t, they are required to perform an ID verification ,” he said.

Legal 48

Legal Laws Participant Authentication 48

PYMNTS

NOVEMBER 7, 2016

“Tackling today’s security challenges will require the commitment of all payment system participants,” said Gordon Werkema, the Fed’s payments strategy director, in a statement last week. “As they move to faster payments, criminals take advantage of the speed and actually circumvent controls at the weakest link.”

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

The Fintech Times

APRIL 16, 2024

Since its inception, its accelerator alumni have collectively raised over $1.5billion in capital since completing the programme and is currently looking for 10 promising fintech startups to participate in its two-week incubation and 12-week intensive programme. How did you get into the fintech industry?

FinTech 59

FinTech Innovation Global Payments On-Demand 59

Faster Payments Council

SEPTEMBER 23, 2023

Foundry Ballroom) This session will highlight faster payments Use Cases focused on real-life case studies from a variety of perspectives such as business end-users and financial institutions that are applying instant payments.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

MARCH 2, 2020

Even the research and development arena, which relies upon focus groups and clinical trial participants, faces gig economy-like challenges when compensating those individuals. Corporates need to be able to provide a positive end-user experience — even across borders — and do so cost efficiently.

B2C 60

B2C Payments Push-to-Card On-Demand 60

PYMNTS

NOVEMBER 7, 2019

Many issuing banks in the European Union are enabling quicker transactions by ensuring consumers’ email addresses and mobile phone numbers are up to date, allowing merchants and financial institutions (FIs) to utilize text messaging as a secondary form of SCA-compliant verification.

Transactions 40

Transactions Authentication Compliance Verification 40

PYMNTS

SEPTEMBER 26, 2018

Reports in CNBC said Davidson described the existing legislative framework in the cryptocurrency market as “sloppy,” and invited industry stakeholders to participate in the roundtable in an effort to “preempt a heavy-handed regulatory approach that could stall innovation and kill the U.S. ICO market.”

Treasury Management 65

Treasury Management Treasury Cryptocurrency Blockchain 65

PYMNTS

MARCH 29, 2018

Fraudsters are getting more sophisticated, and boots on the ground are needed to address unique issues in each region. Device partners and end users on the FitPay platform can now add digitized Discover cards to their accounts through a new partnership between the startup and the card network. nanopay.

Online and Mobile Banking 43

Online and Mobile Banking Cryptocurrency Risk Assessment Bitcoin 43

PYMNTS

DECEMBER 12, 2017

The investment was led by GIC, a sovereign wealth fund from Singapore, as well as a host of other participants, ranging from Khosla Ventures to Ribbit Capital and others. The firm is Affirm, which offers instant loans at the point of purchase, and which snagged the cash through a Series E funding round announced Monday (Dec.

Finance 40

Finance Credit Cards Consumer Credit Limit 40

PYMNTS

MAY 4, 2017

We also love participating in Orlando’s tech ping pong tournaments for general networking and camaraderie with great companies like Purple Rock Scissors, Power DMS and Envy Labs. Are there any initiatives to help address those barriers? PYMNTS: What are some of the challenges facing startups in Orlando?

End User 44

End User Participant FinTech Addressing 44

PYMNTS

JANUARY 21, 2019

While rules implemented in 2017 seemingly made it easier for foreign companies to participate in the massive Chinese market, global players complain of informal barriers that make it incredibly difficult for them to enter. Small businesses have to be nimble.

Debit Card 49

Debit Card Visa Central Bank Duplicate 49

PYMNTS

JUNE 20, 2016

In a short amount of time the company has reached millions of end users across a variety of applications, which exemplifies the power of data network effects and scale advantages. Goldman is leading the round, and our major existing investors, including NEA and Spark Capital, also participated.

Technology 40

Technology FinTech API Venmo 40

Fintech News

DECEMBER 20, 2023

Finally, partnerships were inked to pursue artificial intelligence (AI) opportunities, increase financial access and address challenges faced by micro, small and medium-sized enterprises (SMEs). This year’s event drew a record of 66,000 participants from 150 countries and regions and attracted a line-up of over 970 speakers.

FinTech 105

FinTech Cross-Border CBDC Central Bank 105

PYMNTS

JANUARY 27, 2021

The concept of embedded banking has opened up a new frontier for financial service providers to drive holistic, elevated experiences for end-users. Now, the challenge for banks and FinTechs is to not only figure out how to address those unique requirements, but to decide which path they’ll take to get there.

Payment APIs and Integration 115

Payment APIs and Integration On-Demand Treasury End User 115

PYMNTS

SEPTEMBER 10, 2018

As different as the ecosystem pursuits that scientists and innovators may have, success means addressing the complex, and often intractable, challenge that cuts across all of them: finding the balance that keeps ecosystems healthy. Consumer for the end user. An Ecosystem By Any Other Name.

Innovation 58

Innovation Credential PayPal Debit Card 58

PYMNTS

DECEMBER 30, 2019

It’s a delicate balance; in some ways, FinTech firms and banks are competing, but many FinTech firms rely on bank account data to provide the level of service that end users have come to expect. Ocrolus deploys a solution with integrated machine learning and proprietary algorithms to address OCR’s shortcomings.

Non-Bank 57

Non-Bank Addressing Fraud Detection On-Demand 57

PYMNTS

MARCH 19, 2018

The widespread nature of this issue, said Goldspink, is why the company’s fuel card solution aims to address points of friction across all of these participants, not just the end customer. “My We are seeing demand from the end user because of the way payments is changing,” he said.

AI 61

AI Fraud Detection Mitigation Issuers 61

PYMNTS

JUNE 27, 2017

The agreement resulted from GoldBean’s participation in the 2016 INV Fintech accelerator launched by Bank Innovation and Fiserv to further innovation in financial services. GoldBean is an “investing for beginners” platform designed to promote financial literacy and empower users to be confident, self-directed investors.

Financial Literacy 43

Financial Literacy Agreements Credit Union Advisors 43

PYMNTS

SEPTEMBER 26, 2019

However, progress remains slow, not least of all because the stakes can be high: With so many financial institutions participating in a consortium or pilot, inter-functionality becomes more complex, while the demand to manage many (sometimes differing) end-user demands also adds complication.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Liquidity Management 61

PYMNTS

MARCH 31, 2017

However, the balance of influence is shifting, mimicking the trend of the social internet, where the loudest voice is no longer the central governing entity or transaction intermediary, but rather the collective voice of the network of participants who want to interact directly with one another. Blockchain Technology and The Sharing Economy.

Economy 46

Economy Blockchain Participant Central Bank 46

PYMNTS

MARCH 19, 2020

FinTechs and banks continue to develop new solutions to address many of the biggest pain points of global business payments, from speed to foreign exchange. “A lot of FinTechs are coming into the space at scale, building the pipes, building the connections, applying technology to lower costs for end users,” McCarthy said.

Cross-Border 95

Cross-Border B2B Innovation Payments 95

CB Insights

AUGUST 21, 2018

Broken down further, the firm pegs total addressable market for AR/VR software at $35B, and hardware at $45B.) In order to do so, the tech will rely on smart goggles hardware, as well as on virtual assistants with advanced speech recognition for a complete end user experience.

End User 65

End User Technology AI Processors 65

PYMNTS

AUGUST 20, 2019

Supply chains operate with common goals — to move goods or services from production to end user. To that end, Achilles Information, a supply chain risk and performance management firm based in the United Kingdom , said earlier this month that it has launched an online supplier network for the oil and gas industry.

Audit 43

Audit Compliance End User Data Security 43

FICO

DECEMBER 13, 2017

Because many Internet components push around email and other data for us humans, these machines have Internet Protocol (IP) addresses — the "phone numbers" for machines that want to talk to the Internet. For example, firewall.fico.com will not work, as that address in not linked in the Domain Name Services (DNS).

Bots 65

Bots Addressing Encryption Security 65