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

The Payments Association

JANUARY 16, 2025

The regulation introduces strict requirements for stablecoin issuers, including robust reserve backing, transparency, and governance. Payments companies relying on stablecoins must ensure these assets meet the new standards, impacting everything from operational processes to customer offerings.

Compliance 88

Compliance Cross-Border Payments Cross-Border Stablecoins 88

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

The Paypers

MARCH 13, 2023

The Central bank of Egypt (CBE) has approved the rules for payment card service codes, allowing contactless transactions via mobile apps within the framework of the NPC.

Central Bank 36

Central Bank Card Services Rules Government Payments 36

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

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

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

Core

MARCH 19, 2024

Not only do these losses impact the community at large, but payment fraud can also significantly undermine the integrity of local government operations for years. Procurement fraud can include kickbacks, bid rigging, or conflicts of interest between government employees and vendors.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

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

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.”

Governance 105

Governance Government Financial Literacy Financial Inclusion 105

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

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 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

PYMNTS

NOVEMBER 5, 2020

In fact, as noted in an upcoming Ingo Money playbook, in research performed in conjunction with PYMNTS, more than half of consumers and roughly 70 percent of microbusinesses received at least one non-government payment in the last 12 months, with roughly half of them made through “ faster ” methods that include instant payments.

Faster Payments 98

Faster Payments Instant Payments Payments Same Day ACH 98

Fintech Finance

JUNE 18, 2024

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

Cross-Border 98

Cross-Border Cross-Border Payments Transactions Instant Payments 98

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.

Governance 98

Governance Government Financial Literacy Cross-Border 98

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 Governance Government G2B 64

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

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

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 Government 94

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

Core

FEBRUARY 6, 2024

The responsibility to safeguard public funds—and maintain trust with constituents—falls on government compliance managers, CTOs, comptrollers and auditors, finance teams, and Treasurers. Data Analytics and Monitoring Digital payment systems benefit from automated processes that streamline government payment processing.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

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

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

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

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 Governance Government Fiscal Service 42

The Fintech Times

JUNE 21, 2024

Globally, ACI covers approximately one-third of the countries that offer real-time payments services, reaching about three billion people served by various organisations. These include central governments, payment networks, banks, financial institutions and fintech companies. How was this achieved?

Cross-Border Payments 59

Cross-Border Payments Cross-Border Process Instant Payments 59

Payments Source

SEPTEMBER 27, 2020

Since July, Visa has noticed an uptick in unemployment insurance fraud with prepaid cards being used as a key disbursement vehicle. And the best solution may be rooted in technology, not law enforcement.

Law Enforcement 165

Law Enforcement Laws Technology Identity Theft 165

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

Payments Source

AUGUST 31, 2020

Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.

Financial Inclusion 157

Financial Inclusion Instant Payments Funds Transfer Blockchain 157

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

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

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 3, 2020

TrueLayer To Enable UK Government Payments. government to work with public sector entities and provide them with payment initiation services, according to reports in SmartCitiesWorld. Below, PYMNTS breaks down the latest in bank-FinTech partnerships. API technology firm TrueLayer has been cleared by the U.K.

FinTech 68

FinTech Remote Deposit Capture API Payer 68