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ACI Worldwide Adds More Digital Overlay Services For Contactless B2B Payments

PYMNTS

ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release. And, there will be flexible person-to-person (P2P) services with added layers of security authorizations.

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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.

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How Overlay Services Add New Opportunities In Open Banking

PYMNTS

In a PYMNTS interview, according to Sean Devaney, VP of banking and financial markets at consulting and IT firm CGI , the real pickup of Open Banking is only just beginning with the emergence of so-called overlay services. But my argument is that, if you get the overlay services right, nobody needs to know about Open Banking.

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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.

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Bottomline wins cross-border payment company of the year

The Payments Association

The category recognises organisations that use innovative technologies, strategic partnerships, and operational excellence to improve financial connectivity worldwide. Bottomline, a global leader in business payments, has been awarded Cross-Border Payment Company of the Year: North America by International Banker.

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How are Financial Firms Like Visa, Swift, Pay.UK and Mangopay Using AI to Combat Financial Fraud?

The Fintech Times

The standards body confirmed the pilot in June 2023, after contacting industry partners to test the benefits of the service with a group of participating banks and payment service providers. Everywhere you look, AI-related innovations are taking place. Kate Frankish, chief business development officer and anti-fraud lead at Pay.UK

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Australia’s New Payments Platform Invites Startups Via API

PYMNTS

Dubbed the NPP API Framework, NPP Australia’s sandbox aims to promote “open access” to the payments platform and offer “companies and innovators the chance to understand how they can use its world-leading capabilities,” according to NPP Australia CEO Adrian Lovney.

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