Payments Source

JUNE 11, 2020

The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen.

Government Payments 102

Government Payments Governance Government Payments 102

Fintech Finance

AUGUST 27, 2024

Globally, ACI covers approximately one-third of the countries that offer real-time payment services, reaching about 3 billion people served by various organizations, including central governments, payment networks, banks, financial institutions, and fintech companies.

Instant Payments 72

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 72

The Fintech Times

DECEMBER 21, 2023

“The TECH5 team is delighted to bring to this partnership deep understanding and implementation expertise of Foundational ID projects at a national level, as well as technology components and infrastructure that support biometric matching, digital ID and identity wallet solutions for frictionless and secure payments.”

Government 105

Government Governance Financial Literacy Financial Inclusion 105

Payments Source

MARCH 29, 2019

Today: Square and Apple Pay go to the ballpark; Government payment gateway draws funds; CoinAcquiring approaches merchants; Movie ticket subscriptions get even more crowded. The information you need to start your day, from PaymentsSource and around the Web.

Payment Gateways 67

Payment Gateways Gateways Government Payments Governance 67

Fintech Finance

FEBRUARY 28, 2024

Globally, ACI covers approximately one-third of the countries that offer real-time payment services, reaching about 1.8 billion people* served by various organizations, including central governments, payment networks, banks, financial institutions and fintech companies.

Real Time Payments 81

Real Time Payments Financial Inclusion Central Bank Payments 81

Payments Source

JULY 2, 2018

centralizes government payment units. The information you need to start your day, from PaymentsSource and around the Web. Today: LTE faces attacks; Apple Pay's growing quickly in Poland; Adidas suffers a breach; U.K.

Breach 68

Breach Government Payments Governance Government 68

Fintech Finance

JANUARY 9, 2024

“We are looking forward to this strategic collaboration with Visa, learning from their invaluable expertise and market knowledge, and jointly developing the next-generation digital identity solutions powered by SSI-based Digital Identity Wallets, with a specific focus on government payment digitization.

Government 81

Government Governance Financial Literacy Cross-Border 81

PYMNTS

NOVEMBER 12, 2020

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.

ISO 20022 138

ISO 20022 Real Time Payments Settlement ISOs 138

Payments Source

JANUARY 5, 2017

A 2018 deadline to automate government payments is fast approaching. Only with a mix of technology solutions and cooperation among agencies can that deadline be met.

Government Payments 60

Government Payments Automation Governance Government 60

Payments Source

APRIL 11, 2016

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

SWIFT 63

SWIFT Compliance Payment Message Government Payments 63

Payments Source

APRIL 11, 2016

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

SWIFT 63

SWIFT Compliance Payment Message Government Payments 63

PYMNTS

NOVEMBER 19, 2020

percent, state that most of their non-government payments come through non-instant methods and take more than a day to receive. As to awareness, the consumers most likely to know, use and even insist on instant payments are the digital-native Gen Zs, as digital is always their first choice and they know the terrain.

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94

PYMNTS

JANUARY 11, 2021

With the new feature, merchants, businesses, individuals, FinTechs and government entities will be able to utilize real-time payments via the internet, mobile phones and agents, alongside government payments like salaries and pensions, Reuters writes.

Financial Inclusion 95

Financial Inclusion Payments Government Governance 95

Open Banking Excellence

MARCH 5, 2024

One area where the industry is already seeing innovation is with Variable Recurring Payments (VRP) and the upcoming commercial pilot for low risk use cases for financial services, utilities and government payments. The PSR ’s (Payment Systems Regulator) approach is not sustainable,” he explains. “It

Innovation 147

Innovation Payment APIs and Integration Push-to-Card Use Case 147

PYMNTS

APRIL 24, 2020

. “We’ve been helping governmental agencies for about 20 years now, and over that timeframe, we have definitely seen that ACH has played a much bigger role than it used to, and governments are embracing that,” he said. Business-To-Government Payments.

ACH 64

ACH Government Governance B2G 64

Fintech Finance

JANUARY 30, 2024

With new risks emerging all the time, AccessPay will continue to add new features to the Fraud & Error Prevention Suite to help protect against potential losses, legal liabilities, and reputational damage.

Payee 52

Payee Money Laundering Non-Bank Checks 52

Fintech Finance

DECEMBER 12, 2023

The post RevoluPAY introduces Visa Direct to enable instant P2P payments through RevoluSEND appeared first on Fintech Finance.

P2P 52

P2P Near Real-Time Facilitators Payments 52

Fintech Finance

DECEMBER 13, 2023

Globally, ACI covers approximately one-third of the countries that offer real-time payments services, reaching about 1.8 billion people served by various organizations, including central governments, payment networks, banks, financial institutions and fintech companies.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Tearsheet

NOVEMBER 30, 2023

In 2021, 18% of adults in developing countries opened their first bank account to receive government payments, according to the World Bank. G2P has a proven track record of incentivizing people into entering the financial ecosystem.

Government 52

Government Governance Addressing Social Security 52

PYMNTS

SEPTEMBER 15, 2020

Though at least some central banks are focusing on wholesale payments — 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) said they were working on CBDCs — central bank efforts may bring retail use cases to bear, specifically through stimulus and government payments to individuals and families.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

PYMNTS

DECEMBER 19, 2018

And just this week, around 300,000 people had their personal data stolen in a breach of Click2Gov, a widely used government payment software. “We have determined that certain employees’ personally identifiable information (PII) may have been exposed,” an alert said at the time. “We We have notified those employees.”.

Data Breach 70

Data Breach Breach Cybersecurity Social Security 70

PYMNTS

DECEMBER 16, 2019

Tracey takes the helm with the groundwork in place for successful delivery of payments Modernization.”. Payments Canada wants to help modernize the infrastructure, standards and rules that govern payments in the country.

Payments 53

Payments EMV CHIPS Government 53

PYMNTS

JANUARY 20, 2020

Below, PYMNTS unloads the latest statistics from the fight against late payments in the U.K. 45 days past due is the threshold for SMBs in India seeking clarity on large corporate and government payments. and beyond, plus explores some businesses most recently accused of paying their suppliers and business partners late.

Legal 94

Legal Payments B2B Disputes 94

PYMNTS

APRIL 6, 2017

Outside of eCommerce, there also exists a massive potential for Loadhub to facilitate government payments. On this matter, Payment Source is extremely bullish. Cook called Loadhub a great equalizer in payment solutions in this area.

Innovation 55

Innovation Government Payments Debit Card Payment Networks 55

PYMNTS

JANUARY 27, 2020

million , following a December 2019 cyberattack that has stalled government payments to suppliers. While government employees have been able to access systems, and the supplier billing portal is functional, reports noted that a backlog of supplier invoices will mean ongoing payment delays.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

PYMNTS

MARCH 3, 2019

But government payments to farmers, as well as a VMware Inc special dividend, had bolstered incomes in December. According to the Commerce Department, as cited by the report, personal income declined by 0.1 percent in January. That decrease marked the first drop since 2015. Consumer spending, however, declined 0.5

Consumer 43

Consumer Economy Shutdown Fed 43

PYMNTS

JUNE 29, 2016

. “Today, digital wallets are popular consumer payment channels because they provide a convenient, safe and simple customer experience.” ” In 2015, PayPal and Dwolla were added as digital wallet options for Federal Government payments.

Bureau of the Fiscal Service 42

Bureau of the Fiscal Service Government Governance Fiscal Service 42

PYMNTS

OCTOBER 23, 2019

percent of consumers receiving government payments, such as tax refunds, want to receive instant disbursements — but only 24.7 PYMNTS surveyed more than 5,000 U.S. The answers to these questions and more were different, depending on who was asked. The research shows that 37.4 percent actually do.

Instant Payments 41

Instant Payments Tax Refunds Payments Checks 41

PYMNTS

NOVEMBER 8, 2017

Through an agreement with Citibank, corporate payments company WEX is now able to link government agencies to its fleet card solutions, according to an announcement made Tuesday (Nov. Bank, to have landed a contract to operate GSA SmartPay 3, a government payments program.

Government 40

Government Governance Commercial Card NOV 40

PYMNTS

AUGUST 27, 2019

As reported by CoinTelegraph , Switzerland ’s Financial Market Supervisory Authority (FINMA) this week unveiled guidance on the regulatory requirements that govern payments done over blockchain.

Blockchain 58

Blockchain Regulations Money Laundering AML 58

PYMNTS

SEPTEMBER 8, 2017

But that all changed in June of last year, when the Supreme Court ruled in a separate case that some courts made it too difficult to pursue cases of false claims and said whistleblowers can sue over misinformation that impacted government payment decisions, noted the report. .

Federal Reserve 46

Federal Reserve Legal Governance Government 46

PYMNTS

JUNE 2, 2020

While individuals can typically file claims and check the status of payments online, some requests for new passwords are being sent through — you guessed it — the U.S. Add it all up and the stage may be set then for more modern ways to get government payments to recipients, chiefly through digital means.

Checks 53

Checks Federal Reserve Governance Government 53

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

Stax

SEPTEMBER 17, 2024

ACH transfer is used for various purposes, such as payroll, paycheck direct deposits, recurring and one-time bill payments, Business-to-business (B2B) payments, direct deposit of tax refunds or government payments, Buy now pay later (BPNL), and person-to-person (P2P) payments such as PayPal , Cash App, Zelle, and Venmo.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Core

JUNE 21, 2023

In the latest Government Roundtable Series webinar, CORE’s SVP of Development—Alan Pyrz, VP Head of Government Sales—Justin Dillon, and VP of Marketing—Shash Cates talk with Julia Hanley, GM Global Digital Acceptance at Discover , about the second pillar in our series for government—prioritizing people.

Government 52

Government Governance Online and Mobile Banking Enrollments 52

PYMNTS

MAY 11, 2020

Solving these problems requires innovating government payments from the ground up to incorporate more instant disbursement options that can help businesses and consumers struggling to stay afloat,” the report states. That’s the kind of flexibility payees require now, although much remains unclear in early May.

Online and Mobile Banking 52

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

PYMNTS

OCTOBER 19, 2020

However, the sheer number of cross-border payments belies the challenges that individuals and companies face when conducting them. The biggest hurdle the cross-border payments industry faces is navigating the networks that govern payment flows in every correspondent bank through which funds pass.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Technology 77