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Myth or Reality? Unlocking Bank ID in the UK

Open Banking Excellence

Sweden is reaping the economic and social benefits of a ubiquitous digital identity scheme, which is both secure and user-friendly, providing the UK with an exciting example of what could be achieved by leveraging digital identity. They do not need to download an app or upload documents or photos to use the service.

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The FPC in 2021: Much to Celebrate

Faster Payments Council

We launched seven new white papers and reports, including the Cross Border Faster Payments White Paper and Why Interoperability is Important for Faster Payments report. To date, the podcast has had more than 1500 downloads, and as a result of the success, in 2022, we will be increasing the frequency from monthly to bimonthly.

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Third Parties Help Central Banks Ride RTP Rails

PYMNTS

The industry’s issues include insufficient interoperability between schemes, as well as confusion and cost hurdles faced by financial institutions (FIs). Faster Payments Council (FPC), which will work toward a ubiquitous and secure faster payments system, offering 24/7 availability. To read the full story, download the Tracker.

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The Fed On Finding A Clear Road To Getting Faster

PYMNTS

The report laid out strategies for fostering a ubiquitous, secure, faster payments ecosystem by 2020. According to Connie Theien, senior vice president of industry relations at the Federal Reserve, the group is focused on developing a governance framework for faster payments technology interoperability in the U.S. About the Tracker .

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Four Payments Ideas That Had A Breakout 2019

PYMNTS

The first, he noted, is choice, as instant payments aren’t really ubiquitous until the recipients of funds can actually choose the final destination of their funds for an instant payment. Interoperability is a bit tricky, though I think it has to be done. So what to watch for next? Two things.

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Apple’s AR Bets, Amazon’s Rumored Alexa Glasses, And Facebook’s New Headset: How 12 Tech Corporates Are Going After AR/VR

CB Insights

Already, early AR apps have taken off: the smash hit AR mobile app Pokemon Go was reported to be the most downloaded app in the first week in App Store history. Interestingly, Unity and Autodesk announced a recent partnership to increase interoperability. Read More : VentureBeat , RoadToVR , BusinessWire.

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Connecting The Dots To A Modernized Payments System

PYMNTS

While these may not necessarily be the greatest vehicles to exchange value, they are ubiquitous in many payment markets, which makes moving consumers and businesses away a major challenge. To download INTERAC’s white paper: Principles of a Modernized Payments System , click the button below: