PYMNTS

NOVEMBER 27, 2019

That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The Community Approach to Ubiquity.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Faster Payments Council

NOVEMBER 3, 2019

Collaboration with Glenbrook Partners Uncovers Key Industry Views on Faster Payments Advancements; Need for Ubiquity, Interoperability, Strong Dispute Resolution The U.S. Industry Support for Interoperability Survey respondents were asked how important it is to achieve interoperability across compatible faster payments systems in the U.S.

Faster Payments 68

Faster Payments FPC Interoperability Payments 68

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.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. The US does not lack directory capability – we have an overabundance of it!

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Faster Payments Council

FEBRUARY 18, 2021

The Real-Time Recurring Work Group will promote the development and adoption of real-time recurring payment solutions to be used by business end users and financial institutions. The list of use cases for real-time recurring payments has grown substantially in recent years.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

PYMNTS

DECEMBER 26, 2019

As Swami told PYMNTS, open source could spark more payments innovation in the coming decade, as more players involved in payments look to affordable, interoperable and collaborative solutions that are relatively easy to scale — in this case, helped along by cloud computing technology and the work of developers to improve payments technology.

ATM 53

ATM Payments Fraud Prevention Interoperability 53

PYMNTS

MAY 7, 2018

The overarching theme in transactions, wrought via wrist – whether payments or payloads of personal ID, as Webster noted – is not just about the consumer experience, but also about enabling the consumer experience in a way that preserves the safety and security of the individual’s information, regardless of use case. Want an analogy?

Credential 44

Credential Use Case Issuers Interoperability 44

PYMNTS

SEPTEMBER 21, 2016

Through NACHA’s Countdown to Same Day ACH podcast series, we’ve explored what Same Day ACH is all about, the myriad of use cases and applications it’s designed to deliver and if corporations and businesses are truly ready for the change. banks and credit unions the ability to better serve their customers.

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

The Fintech Times

APRIL 11, 2024

By leveraging BaaS solutions, neobanks gain the ability to offer cutting-edge and user-friendly financial services tailored to meet the evolving needs of their client base. “The modularity, interoperability and seamless integration of BaaS have also proven to be powerful drivers of innovation in sectors beyond banking.

Embedded Finance 75

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 75

PYMNTS

DECEMBER 3, 2018

With the SCT Inst scheme, he noted, end users can transfer up to €15,000 ($17,004 USD) between accounts 24/7, with a maximum 10-second time frame. The overarching theme, though, is one of interoperability. This represents over 49 percent of European PSPs, said the executive. The Spark, Then Ignition.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Cross-Border 62

PYMNTS

DECEMBER 7, 2017

Typically, financial institutions (FIs) are a tougher sell than end users when it comes to new money-moving products. Designed for small business owners, these components can also be useful for landlords collecting rent payments, charity functions, church groups, organized sports and other use cases, said Maoloni.

Irrevocability 40

Irrevocability Payment APIs and Integration P2P Online and Mobile Banking 40

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

PYMNTS

AUGUST 17, 2017

Regardless of end user, said Weir, as an individual bank, “choosing who can consume [what data] and what you expose via API and under what conditions” are important decisions, and those decisions will probably remain within the banks’ purview for the foreseeable future.

API 76

API Online and Mobile Banking Credential NACHA 76

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech 96

FinTech Cross-Border CBDC Central Bank 96

PYMNTS

MAY 28, 2018

Hall feels the most challenging part is portability, or achieving interoperability with a single strong identity that is valid anywhere. He said ID.me’s answer has been a mix of pricing and the ability for end users to take the identity created with early partners to use at other sites. Then, there are trust issues.

Credential 43

Credential Verification Authentication Interoperability 43

PYMNTS

OCTOBER 1, 2018

Bitcoin’s use cases — enabling criminal activities and fueling speculation — helped it build critical mass as a processing platform for distributed ledger tech (DLT). It’s why bitcoin and blockchain are inextricably used — and often conflated. Innovation By Any Other Name. It’s a curious position to take.

Bitcoin 85

Bitcoin Blockchain Cryptocurrency Innovation 85

PYMNTS

MARCH 7, 2016

Because we’ve all seen what happens when we let the shiny new toy syndrome (aka what’s best for the innovator and not the end user) drive innovation. Prepaid is another product category that sounded good to innovators but perhaps less compelling, at least so far, to the intended end user. Take checkout.

Online and Mobile Banking 46

Online and Mobile Banking Payments Financial Inclusion Same Day ACH 46