PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” But he pointed to a use case that might be a bit under the radar. Interoperability In Focus .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

The Payments Association

MARCH 19, 2025

By addressing focused use cases, banks can reduce risk, improve ROI, and incrementally build toward a fully modernised, scalable banking, cards, loans and payments infrastructure. Customer expectations have changed: Businesses and consumers now demand frictionless, real-time transactions, which legacy systems struggle to support.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

The Fintech Times

APRIL 12, 2025

Industry-specific agents are also available for health care, consumer and financial services. To address this, Deloitte is working with Google Cloud and ServiceNow to advance Agent2Agent (A2A) Google Cloud’s new open standard for agent interoperability, which enables successful communication between agents across platforms and services.

AI 51

AI Interoperability Legal Consulting 51

Fintech Finance

AUGUST 20, 2024

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Interoperability Payments 52

Fintech Finance

OCTOBER 8, 2024

Backed by collective industry expertise of over 250 years, the platform meets the needs of government, corporations, merchants and consumers while being highly scalable, with the capacity for up to 10,000 TPS. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises.

Global Payments 124

Global Payments Blockchain TPS Interoperability 124

The Payments Association

JANUARY 21, 2025

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

The Payments Association

JANUARY 13, 2025

It is advised that firms ensure their custody arrangements, contracts and terms of service are aligned with these legal definitions in the interest of avoiding disputes while strengthening consumer trust. Most notably, the three areas are contractual uncertainty, asset recovery challenges, and consumer claims.

Legal 88

Legal Stablecoins Cross-Border Due Diligence 88

Fintech News

MAY 27, 2024

However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system.

CBDC 129

CBDC Transactions Payment APIs and Integration Cross-Border 129

Faster Payments Council

JUNE 28, 2021

Today's consumers want fast, easy, digital transactions. While it represents a significant portion of payment value, cross-border transactions can be complex, involving a number of different players, can take some time to reach the intended recipient, and lack interoperability. At the FPC, we are tackling this issue head on.

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

The Payments Association

MARCH 18, 2025

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Ultimately, this convergence fosters a more inclusive and efficient financial ecosystem, benefiting consumers and businesses alike. What’s next?

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

DECEMBER 18, 2020

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. Central Banks Around the World Eye CBDCs.

Digital Currency 142

Digital Currency Central Bank CBDC Fed 142

The Payments Association

MARCH 17, 2025

How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. The challenge for UK policymakers is to set clear boundaries that protect consumers and markets without choking off growth. Why is it important?

Regulations 88

Regulations Risk Stablecoins Payments 88

Faster Payments Council

JULY 21, 2020

Faster Payments Council (FPC), in partnership with Glenbrook, today released the research white paper, "Faster Payments and the Potential to Transform Consumer Bill Pay." The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank.

Faster Payments 68

Faster Payments FPC Research Consumer 68

PYMNTS

AUGUST 10, 2020

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. Part of the tailwind comes from the fact that consumers are becoming more aware that there’s a better mousetrap out there. Expanding The Use Cases.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

Fintech Finance

OCTOBER 15, 2024

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. The first available use is for proximity-based person-to-person (P2P) payments.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

Tearsheet

APRIL 22, 2024

At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024. Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

DECEMBER 18, 2017

“If I send you a message, there is all kinds of interoperability happening in the background that is moving the data from one network to another and one platform to another. What it should be focused on instead is how to make payments systems interoperable. Integrations Vs. Interoperability.

Interoperability 47

Interoperability Payments Payee Bitcoin 47

Faster Payments Council

AUGUST 23, 2024

Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

Fintech Finance

APRIL 15, 2024

Responding to the ever-growing need to move money seamlessly, Mastercard and VoPay today announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.

Visa 92

Visa Electronic Funds Transfer (EFT) Near Real-Time Cross-Border 92

PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. Looking Toward Interoperability And Scale . Interoperability is a core component” of FedNow, said Montgomery. How does one then turn that into cash?

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. The Consumer Case, Leading To The Business Case. Yet, Kresse pointed out that, ultimately, individual consumer behavior drives changes in business behavior. So, from the beginning, start with the individual consumer.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

JANUARY 2, 2019

The advocacy comes in the wake of real-time payments infrastructure deployment and use in countries such as the United Kingdom and Singapore. Among that pantheon lies Australia, where the New Payments Platform (NPP) debuted earlier in the year as a way to accelerate the movement of funds between consumers and businesses.

Real Time Payments 79

Real Time Payments RTP ISO 20022 Cross-Border 79

PYMNTS

JANUARY 22, 2019

Financial Innovation Now (FIN) submitted a public letter in December, contending that the Fed was best-positioned to operate a ubiquitous, interoperable real-time payments network. Innovation, flexibility and agility helped drive WEX ’s acquisition of Discovery Benefits, Inc. DBI) in 2018.

Faster Payments 66

Faster Payments Real Time Payments Ubiquitous Debit Card 66

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Banks must understand that shift in order to uncover the most valuable B2B use cases, he said – and that means not only embracing new payments technology, but also adopting new business models that can address the shifting needs of corporates.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

MARCH 17, 2020

Drill down a bit, he said, and the “e-IDs” that governments are starting to issue, as have been seen in Australia, are serving as a springboard of sorts, gaining traction across a few use cases. And then,” Pointner told Webster, “you have the overarching, strategic developments of digital identities that can be interoperable.”.

Authentication 86

Authentication Verification Interoperability Cross-Border 86

Fintech Finance

JULY 24, 2024

As the FPC looks to add even more value, Carl’s experience and judgment will be invaluable in assessing the growing need for coordination and standardization to streamline the adoption of faster payments across various use cases.”

Faster Payments 97

Faster Payments FPC FedNow RTP 97

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). It isn’t real-time, but it seems good enough for a lot of use cases.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JUNE 14, 2019

As users and manufacturers struggle to sufficiently secure connected solutions, companies are bringing IoT to more and more use cases. The company said it has designed the drones to use artificial intelligence (AI) to help it avoid telephone wires, people, pets and other obstacles. Get the full scoop in the Tracker.

Regulations 64

Regulations Interoperability Wire Wires 64

PYMNTS

OCTOBER 2, 2019

The Use Case – and B2B. Kohli said person-to-person (P2P) use cases are among the first to gain ground. especially, bill payments are proving to be valued by consumers and B2C transactions, as the gig economy and insurance disbursements are a strong use case for Citi’s clients. In the U.S.,

Instant Payments 63

Instant Payments Interoperability Cash Management Cross-Border 63

PYMNTS

AUGUST 7, 2019

The Nets deal, he recounted, follows logically from recent acquisitions, like Vocalink, where infrastructure was the focus but now looks toward applications and new use cases as revenue drivers. But the reality is that across borders many of the needs of consumers and business are the same. “We The Use Cases.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

PYMNTS

MAY 29, 2018

EMVCo , the global technical body that manages EMV Specifications, announced it has created a QR Payment Mark to promote global interoperability across EMV QR Code payments. EMVCo said the QR Payment Mark can inform consumers if a merchant accepts EMV QR Code for payments.

EMV 45

EMV Interoperability Payments Use Case 45

PYMNTS

DECEMBER 10, 2018

For Visa Global Head of Payments Products and Platforms TS Anil, it’s been a year in which many big steps have been taken on the journey toward giving merchants something that has made checking out in the store a safe, standard and interoperable checkout experience. Encrypting card data creates a more secure online shopping experience.

Credential 72

Credential Interoperability Checks Security 72

Fintech News

MAY 21, 2024

Traditional securities transactions often involve complex and time-consuming settlement processes, which can take several days to complete. This includes establishing reliable trading platforms, secure custody providers, efficient settlement systems, and interoperable blockchain networks.

Settlement 139

Settlement Cryptocurrency Blockchain Digital Currency 139

The Fintech Times

FEBRUARY 27, 2024

“As fraudsters start to use AI for nefarious purposes such as deep fakes, banks will quickly need to address these threats to protect their customers by developing their own AI systems. Soon, payments will be instantaneous, cheap, frictionless and interoperable, able to move along and across different payment rails.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

The Fintech Times

JANUARY 13, 2024

The investigation’s findings revealed the complete dominance of the largest banks in the financial market, prompting the CMA to mandate that the nine largest banks in the UK, known as the CMA9, collaborate to facilitate secure sharing of consumers’ banking data with trusted third parties. ” What else needs to be achieved?

Payment APIs and Integration 81

Payment APIs and Integration Use Case On-Demand Consumer 81

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In fact, 83% report they already use digital wallets or fintech mobile apps and 62% plan to use faster payments more.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88