PYMNTS

JUNE 2, 2020

It seems the deluge of more than 40 million unemployment claims has swamped the government and exposed some inefficiencies of an antiquated system plagued in part by paper checks. government pandemic stimulus checks ($1,200 per adult) and a temporary boost in weekly unemployment payments (an extra $600 a week) will help for the jobless.

Checks 53

Checks Federal Reserve Governance Government 53

PYMNTS

OCTOBER 19, 2020

Digital payments form a critical facet of the world’s economy, facilitating the flow of tens of trillions of dollars among individuals and businesses each year. The typical cross-border payment flows through no fewer than four banks before a transaction is complete.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Technology 77

Fintech Finance

DECEMBER 13, 2023

“We are excited about the real-time payments modernization journey we have embarked upon jointly with ACI Worldwide, a global leader in real-time payments,” said Leonardo Villar, Governor of the Central Bank of Colombia. “It Real-time payments improve liquidity in the financial system and overall market efficiencies in the economy.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

PYMNTS

MAY 11, 2020

As May flowers bloom, millions of Americans are still awaiting pandemic relief monies from the government. Others believe there’s a paper check coming but find no details on the IRS “Get My Payment” web portal set up to track the progress of funds. Betting on Faster Payments. Some got it via direct deposit. People want answers.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. Businesses, banks and payment providers worldwide are innovating the way disbursements are sent and received to better serve the needs of this group of consumers.

On-Demand 49

On-Demand Instant Payments Online and Mobile Banking Checks 49

PYMNTS

AUGUST 21, 2020

Thus far, he said other banks’ research has shown — and shared — insights on how to move money on one chain, and security on another, but ensure that payments are delivered. The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

The Fintech Times

OCTOBER 26, 2024

Future applications for open banking in Saudi Arabia may include better risk assessments for variable income, more efficient government payments, and pre-filled mortgage applications. Buy now, pay later (BNPL) was a common example, with the hope that open banking APIs could improve credit assessment for these services.

Embedded Finance 59

Embedded Finance Finance Payment APIs and Integration API 59

PYMNTS

MAY 28, 2020

The need to offer more for individuals and SMBs in the digital economy has long existed, Hernandez told Webster, and the emergence of a global pandemic has created the tipping point necessary for businesses and consumers to begin to really embrace change. Instant push payments replace the days of waiting that are common with ACH transfers.

Visa 61

Visa Consumer P2P ACH 61

Neopay

SEPTEMBER 26, 2024

On 5th September, the Payment Systems Regulator’s (PSR) 2023/24 Annual Report and Accounts has been published, looking back on a year of delivery that will see numerous benefits for everyone who uses payment systems. The PSR also consulted on Faster Payments proposals to enable a phased rollout of VRPs.

Cross-Border 52

Cross-Border Faster Payments Payee Consulting 52

Core

JUNE 16, 2023

Citizens can submit payments on their electronic devices and the payments are sent directly to the government agency who originally sent a bill. The entire e-billing process refers to billing, payment collection, and notifications sent to both the recipient and sender. Electronic billing is secure and reliable.

Governance 52

Governance Government Process Electronic Payment Processing 52

PYMNTS

JANUARY 24, 2020

government. Why State And Local Governments Struggle To Shred The Paper Check. Instant payments are lauded for their convenience, ease and most importantly, for their speed. Ex-Wells CEO Fined, Banned From Banking For Life. He will also have to pay $17.5 OCC Prepares Civil Suit Against Former Wells Fargo Executives.

Online and Mobile Banking 60

Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

CB Insights

DECEMBER 4, 2019

Payments made with Amazon Pay spiked following service expansion to new geographies — France, Italy, and Spain — and to new verticals, including government payments, travel, insurance, entertainment, and charitable donations. However, Amazon has had some missteps with Amazon Pay.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Fintech News

FEBRUARY 11, 2025

Sri Lanka has launched GovPay , a new online payment platform designed to streamline digital transactions for government services. The platform aims to modernise revenue collection, improve transparency, and enhance digital governance. The long-term goal is to unify all government institutions under the platform.

Government Payments 86

Government Payments Governance Government Central Bank 86

The Fintech Times

JANUARY 21, 2025

However, Tanzania also has one of Africa’s fastest-growing economies, with some interesting plans for further bolstering this growth. The country aims to diversify its economy, transitioning to lower-middle-income status, with a robust annual gross domestic product (GDP) growth averaging seven per cent since 2000.

FinTech 59

FinTech Online and Mobile Banking Bots Authorization 59

PYMNTS

JANUARY 18, 2019

The record-breaking government shutdown is at the center of debate, largely for its impact on unpaid government workers. However, reports in Bloomberg point to another community struggling to get paid as a result: government contractors. government, according to Bloomberg on Thursday (Jan. economic output by about 0.13

Shutdown 71

Shutdown Governance Government Payments 71