Fintech News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. A notable innovation is Visa’s real-time fraud prevention service for immediate payments, such as P2P digital wallets and instant payment systems operated by central banks.

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The Fintech Times

JULY 24, 2024

Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. Are instant payment methods becoming more mainstream in the US?

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The Fintech Times

MARCH 27, 2024

The new products, integrated into the end-to-end Visa Protect suite, aim to diminish fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network. The post Visa Bolsters Fraud Prevention Arsenal with Three New AI-Powered Solutions appeared first on The Fintech Times.

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Fintech Finance

JUNE 25, 2024

Wero , the new European payment solution developed by the European Payment Initiative (EPI) will be available to Computop customers from the moment it launches e-commerce payment in mid-2025. While payments between individuals will be available in 2024, online retailers will be able to offer wero payments by mid-2025.

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PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. 16) that its cross-border platform will be retooled to enable financial institutions to deliver instant transactions. Over the next two years, the Belgium-based cooperative said the initiative will provide transaction management services.

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PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. Azerbaijan Launches Instant Payments Rail. Businesses Ready To Jump Into RTP.

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PYMNTS

OCTOBER 28, 2019

The payments industry has been riding the wave of shifting consumer habits and demands, placing the end-user experience at the forefront of new products, services and infrastructure. What’s so important about open banking, though, is its opportunity to usher in those value-added services and transform the broader user experience.

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PYMNTS

NOVEMBER 8, 2017

Those who wait may find themselves left behind as the faster payments revolution takes hold.”. Not all real-time payments initiatives are created equal, though. FIS surveyed 25 markets in which real-time payments programs are operational, rating their innovative qualities on a scale from 1 to 5.

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PYMNTS

APRIL 14, 2017

Ever more so this is the case with payments and specifically the conduits that get payments from party A to party B. The big question: Can the existing payment rails support the innovation that is needed? Against that backdrop, “innovation means many different things to different players.”.

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The Fintech Times

DECEMBER 31, 2023

In 2024, payment experts foresee increased demand for instant payments, greater use of alternative payment methods, simplified mobile-friendly payments, user-focused and secure payment practices, automation of payment processes, and heightened reliance on data analysis and AI.

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Fintech Finance

MARCH 27, 2024

Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The post Visa’s Growing Services Business Infused with New AI-Powered Products appeared first on Fintech Finance.

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PYMNTS

OCTOBER 28, 2020

We can see that cash has been reduced in favor of electronic accounts and instant payments,” he said. For instance, Scaffidi said that real-time payments (RTPs) are gaining trust at the same time that credit cards are not always seen as the right payments instrument.

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Finovate

JUNE 14, 2024

. “At Sahl, we are committed to addressing the challenges faced by consumers in utility payments, starting with electricity and expanding to water, gas, telecom, and various other essential services,” Sahl CEO Abdullah Assal said. ” Here is our look at fintech innovation around the world.

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PYMNTS

JANUARY 17, 2020

“Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” Visa CEO Al Kelly told investors on a conference call after the deal was announced, adding that Plaid provides “a terrific platform for extending” Visa’s integrated payment solutions and value-added services.

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PYMNTS

DECEMBER 24, 2019

Making Instant Payments a Hit. Instant payments is an innovation that doesn’t require much explanation. That also means the participation of FinTechs in making banking safer, more innovative and more seamless is vital — as are application programming interfaces (APIs). What’s Next for Merchant Services.

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