Fintech News

SEPTEMBER 17, 2024

It also explores the increasing adoption of real-time payments, which many countries are embracing as a more efficient and cost-effective alternative to traditional card payments. In some countries, usage of pay-by-bank solutions has grown dramatically, surpassing the share of cards for retail payments in-store and online.

APACS 102

APACS Regulations Caps Real Time Payments 102

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech 99

FinTech Cross-Border CBDC Web 3.0 99

Fintech Finance

JULY 4, 2024

Open banking investment Fintech is the future of financial services and, by delivering the next phase of open banking and open finance, we can unlock the potential for increased competition in retail payments. This might involve creating a UK crypto hub, learning from the EU’s MiCA and other similar legislations around the world.

Scams 97

Scams Payments Interoperability Governance 97

Fintech Finance

SEPTEMBER 24, 2024

“As the Deputy Governor of the Bank of England wrote, ‘One contribution the Bank of England can make, working with industry, is to redouble our efforts on innovation in money and payments — modernising trains and rails, as the fundamental infrastructure for commerce and the digital economy”.

Cross-Border Payments 87

Cross-Border Payments Financial Inclusion Cross-Border Financial Crimes 87

Payments Source

OCTOBER 25, 2017

The industry has the opportunity to expedite gains in interoperability and realize significant cost savings and productivity gains for both the clinical and administrative sides of the industry, writes Chris Seib, chief technology officer and cofounder of InstaMed.

Interoperability 69

Interoperability Product Technology ACH 69

PYMNTS

DECEMBER 30, 2019

The payment system operators should ensure interoperability among different retail payment systems,” the bank said, adding that authorization would be given based on the proposal and on how the bank assessed the potential of its place in the financial segment.

Non-Bank 52

Non-Bank Payments Interoperability ATM 52

PYMNTS

OCTOBER 15, 2019

“The payment system operators should ensure interoperability among different retail payment systems,” the bank said, adding that authorization would be given based on the proposal and on how the bank assessed the potential of its place in the financial segment.

ATM 43

ATM Non-Bank Authorization Interoperability 43

PYMNTS

SEPTEMBER 6, 2016

One of Hungary’s largest banks, Erste Bank Hungary (EBH), is enhancing its electronic payment services by working more closely with partner ACI Worldwide. ACI will be powering EBH’s updated electronic payment options using ACI’s UP Retail Payments solution. EBH is part of the Erste Group, which works with 15.8

Payments 40

Payments Interoperability Retail Payments Instant Payments 40

PYMNTS

DECEMBER 23, 2019

The payment system operators should ensure interoperability among different retail payment systems,” the bank said, adding that authorization would be given based on the proposal and on how the bank assessed the potential of its place in the financial segment.

P2P 52

P2P Caps Laws Interoperability 52

PYMNTS

JANUARY 24, 2019

“We also saw a 350 percent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity.”. In South Africa, First National Bank (FNB) said it has now enabled sole-proprietor businesses to conduct payments using a QR code via FNB’s banking app.

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

PYMNTS

MARCH 17, 2016

Payment and banking solutions technology provider ACI Worldwide said on Wednesday (March 16) that it is linking up with Verifone, which provides payments and commerce solutions, to deliver what the two firms said is a “comprehensive pan-European card payments platform” tailored to Auchan Group, which is among the biggest food retailers in Europe.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Non-Bank Payments 40

The Fintech Times

JULY 20, 2024

This involves re-engineering the architecture towards modular, microservices-based frameworks, enhancing interoperability, and investing in robust cybersecurity. . “A complete overhaul may be necessary for long-term sustainability. Blockchain technology can offer decentralised alternatives. ” Do we need to quicken implementation?

Payments 74

Payments Mitigation Regulations ISO 20022 74

PYMNTS

MAY 29, 2018

The QR Code has been enjoying some love and attention over the past few weeks, though the prospects for the digital payment tool remain relatively limited outside of Asia, at least according to one report. First up, EMVCo, the global technical body that manages those payment specifications, just introduced what it calls a QR Payment Mark.

Financial Inclusion 48

Financial Inclusion EMV Payments Tools Online and Mobile Banking 48

PYMNTS

SEPTEMBER 17, 2019

For Visa and other service providers, that means providing a layer of connectivity into new services for both financial institutions and corporates to allow interoperability — whether businesses are making high-value global payments or low-value local payments, or whether they’re using cards, ACH or otherwise.

B2B 52

B2B Innovation Payer Cross-Border 52

PYMNTS

NOVEMBER 15, 2017

Over the course of the next nine to 12 months, the Fed will be conducting a formal assessment of real-time settlement needs, with a focus on a retail payments environment. It may be no surprise that security remains top of mind for the innumerable stakeholders in the payments arena.

Fed 44

Fed Faster Payments Federal Reserve ISO 20022 44

PYMNTS

NOVEMBER 27, 2017

According to Choo, Malaysia is undergoing a national initiative to modernize its infrastructure by building a real-time retail payments platform (RPP). Building PayNet To Power The Next Generation of Payments Infrastructure. But, perhaps this will change in the years to come.

Real Time Payments 43

Real Time Payments Online and Mobile Banking Cross-Border Payments 43

PYMNTS

APRIL 14, 2017

Mastercard’s Malhotra said that as the card networks work, “we actually make these payments process within the blink of an eye.” But speed is not enough, he added, as payment rails also need to include better data and widespread availability around the clock and interoperability that can support open use cases.

ACH Network 42

ACH Network ACH Payments ISO 20022 42

PYMNTS

SEPTEMBER 8, 2020

Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To Brazil’s instant-payments system, dubbed “Pix,” is slated to a widespread rollout in November. Digital wallets that use QR codes will be interoperable with the system.

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87