The Fintech Times

JULY 24, 2024

While each of the aforementioned countries has advanced their digital payment infrastructures, the US has lagged behind. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country. What is actually popular?

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

JUNE 1, 2020

Speed of payments changes the fraud equation, and the balance that needs striking. Edwards termed real-time payments “an ACH killer … it’s moving today’s batch process of banks exchanging files with each other to a Federal Reserve centric master account to an ‘instant’ way for banks to do it.”.

Cross-Border 69

Cross-Border Payments Privacy Issuers 69

EBizCharge

NOVEMBER 12, 2024

In contrast, PayFacs streamline the process by directly allowing merchants to sign up for payment processing services without needing an individual merchant account from an acquiring bank. PayFacs aggregate multiple merchants under a single master account, making the application process faster and simpler.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

PYMNTS

MARCH 14, 2019

And while Google and Facebook can act as the auto-repositories for all passwords —solving part of the problem — it does create the small issue that if someone should gain access to or control of those master accounts, they have “the keys to the kingdom,” according to Maloney.

Authentication 59

Authentication Master Account Push-to-Card Use Case 59