article thumbnail

Bank payment innovators are stepping up in times of crisis

Payments Source

Banks are utilizing an array of overlay services to address historical market challenges, such as the continued use of checks among businesses that do not have the information or capabilities to send digital payments.

article thumbnail

Pay.UK’s Fraud Detection Pilot Exceeds Expectations, Detecting Over £112m Worth of Fraud

Fintech Finance

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments system including Faster Payments, Bacs and Direct Debit, can today announce the results of its pioneering fraud detection and prevention pilot in collaboration with partners Visa , Synectics Solutions and Featurespace.

article thumbnail

Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. In an announcement , FinTech-as-a-Service company Rapyd rolled out its Rapyd Protect solution.

B2B 104
article thumbnail

To Accelerate Payments, Mix Rails Or Nix Rails?

PYMNTS

Jack Henry Associates announced last week that it has on-boarded an additional 15 financial institutions to The Clearing House’s RTP network in the latest sign of faster payments gaining traction in the U.S. Faster Payments Interoperability is a Must. A new report from the U.S. On Monday (Nov. 4), the U.S.

article thumbnail

Cyberattackers Go Global To Steal Company Cash

PYMNTS

statistic through the rollout of its Confirmation of Payee service for banks in the market. The solution is an overlay service, which is mandated for the U.K.'s Bottomline is now hoping to lower that U.K.

article thumbnail

Real-Time Payments Move Past Early Adopters

PYMNTS

We have not seen the use cases or the digital overlay services rolled out,” he noted. But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We

article thumbnail

APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs

PYMNTS

“The benefits of APIs for instant payments [are] huge,” said Charlotte Hausemer, vice president of innovation and product management for trade and treasury solutions at BNP Paribas. Faster payments rails] existed before. What we do with instant payments and APIs is offer 24/7 [access to those] services.