Fintech Finance

OCTOBER 23, 2024

The research aimed to evaluate the state of instant payments across the European banking sector. Key findings from the survey include: Only 33% of respondents reported that they are ready to meet the EU’s instant payment deadlines.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

Finextra

OCTOBER 16, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single (..)

Payee 52

Payee Verification Instant Payments Legal 52

Fintech Finance

APRIL 11, 2024

With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place.

Payee 52

Payee Verification Payment APIs and Integration IBAN 52

Finextra

OCTOBER 11, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single (..)

Payee 52

Payee Verification Instant Payments Legal 52

Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments.

Interoperability 59

Interoperability Instant Payments Cross-Border Payments Cross-Border 59

Finextra

JULY 2, 2024

At EBAday 2024, Kjeld Herreman, Head of Strategy Advisory, RedCompass Labs, discusses the fast approaching deadlines and how financial institutions can be best prepared for the SEPA instant payments regulation.

Instant Payments 59

Instant Payments Regulations Payee Verification 59

Fintech Finance

DECEMBER 12, 2024

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC).

Payee 75

Payee Verification IBAN End User 75

Finextra

JULY 3, 2024

At EBAday 2024, Sheri Brandon, Chief Market Officer, Northern & Western Europe, Worldline, sets the scene around the challenges and strategies that permeate when implementing instant payments, including short deadlines that must be met amid many other ongoing regulation projects.

Instant Payments 59

Instant Payments Liquidity Management Payee Verification 59

Fintech Finance

MAY 21, 2024

The deadline from the UK Payment Systems Regulator for Payment Service Providers is 31 October 2024 (Specific Direction 17). The deadline in Europe for Verification of Payee, based on the Instant Payment regulation, is October 2025. billion CoP/VoP checks across the UK and EU since 2017.

Payee 52

Payee Verification Regulatory Compliance Scams 52

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee 59

Payee SWIFT Cross-Border Cross-Border Payments 59

The Fintech Times

JUNE 19, 2024

Small and medium enterprises (SMEs) across the European Union currently feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve cashless, as well as their competitiveness; according to new research by financial messaging network Swift. One in five expect to be more competitive.

Instant Payments 59

Instant Payments SWIFT Cross-Border Payments Regulations 59

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. By October 2025, institutions must also handle outgoing instant payments. Compliance hurdles are significant.

ISO 20022 52

ISO 20022 Instant Payments Regulations ISOs 52

Fintech Finance

MAY 23, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced it has been selected by LGT to roll out instant payment services in Austria and Liechtenstein, with other markets to follow. We look forward to supporting LGT on further developing its payments services.”

Instant Payments 52

Instant Payments Compliance Regulations Payment APIs and Integration 52

PYMNTS

MARCH 21, 2019

While from a consumer standpoint, the payment process in healthcare might look like a payor cuts a check and a payee gets it in the mail, Bloh noted that the process is rarely that simple. This is where the networks have a big advantage, because of the verification system[s] they have built in.

Instant Payments 60

Instant Payments Innovation Payments Visa 60

Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

Payee 40

Payee Service Provider Verification Compliance 40

The Fintech Times

OCTOBER 24, 2024

As much as two in three European banks may not be prepared to meet the EU’s instant payment deadline, a new survey by the transaction data management firm, Intix , has revealed. The post 25% of European Banks Aren’t Ready to Comply With EU Instant Payment Deadlines, Intix Reveals appeared first on The Fintech Times.

Instant Payments 59

Instant Payments ISO 20022 Fraud Detection ISOs 59

Fintech Finance

JUNE 10, 2024

Eastnets, a global leader in compliance and payment solutions, has announced a strategic partnership with iPiD , a leading provider of beneficiary name and bank account verification services. This service is vital for ensuring the accuracy of instant payments, where funds are irrecoverable.

Payee 52

Payee Instant Payments Verification Payer 52

Finextra

MARCH 18, 2024

A few days after the Instant Payments Regulation adoption by the Council of the EU, LUXHUB’s shareholders (Spuerkeess, BGL BNP Paribas, POST and Raiffeisen) are expressing today their support to the company’s Payee Verification Platform.

IBAN 52

IBAN Checks Payee Instant Payments 52

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.

Global Payments 124

Global Payments Alternative Payment Methods Online and Mobile Banking Instant Payments 124

Finextra

JUNE 12, 2024

FinextraTV and Banfico’s CEO Kannan Rasappan explore all the current moving pieces of the puzzle for payments service providers in the EEA region, dive deep into the biggest challenges ahead of compliance with the incoming instant payments regulation in October 2025 and how Verification of Payee will impact this.

Regulations 59

Regulations Interoperability Cross-Border Payments Cross-Border 59

Fintech News

AUGUST 13, 2024

In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.

Cross-Border Payments 126

Cross-Border Payments Cross-Border Payments Instant Payments 126

Fintech Finance

JUNE 5, 2024

This funding will accelerate iPiD’s efforts to enhance payment security globally, with a focus on strategic markets like Europe and Asia. Founded in 2021 by a team of former Swift executives, iPiD provides cutting-edge payee verification and identification solutions. Confirmation of Payee in the UK is a case in point.

Payee 52

Payee Verification Cross-Border IBAN 52

The Payments Association

DECEMBER 2, 2024

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. These changes are not just reshaping the way payments are processed however, also redefining the responsibilities of firms operating in this space.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Fintech Times

DECEMBER 18, 2024

Tackling fraud CBIs response to increasing fraud and misdirection of payments is evident in a range of services, such as: Check IBAN, Name Check, CBI GO and CBI Safe Trade. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance 71

Finance IBAN Fraud Prevention Interoperability 71

PYMNTS

MARCH 21, 2019

While from a consumer standpoint, the payment process in healthcare might look like a payor cuts a check and a payee gets it in the mail, Bloh noted that the process is rarely that simple. This is where the networks have a big advantage, because of the verification system[s] they have built in.

Instant Payments 40

Instant Payments Innovation Payments Visa 40

The Fintech Times

OCTOBER 31, 2024

LSEG Risk Intelligence is launching Global Account Verification, which checks payee and account details match before transfers are confirmed, as well as Document and Biometric Verification, which uses AI and deep learning to accurately conduct identity checks.

Mitigation 59

Mitigation Risk Global Payments Deepfake 59