PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Real Time Payments Push-to-Card Payee 67

PYMNTS

APRIL 2, 2019

The former, biller direct (BD), involves paying bills directly through providers’ websites, while the latter entails doing so through online banking platforms. . BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. Real-Time Utilities Payments .

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. an employer paying an employee their wages) uses an app provided by their credit union to request the desired payment.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

FICO

JUNE 26, 2018

The real-time payments fraud experiences of countries such as the UK provide a lesson to new adopters of what can happen to fraud rates when money can be transmitted fast. In the UK £250K can now be sent in a single, irrevocable payment – and the system has been tested for up to an eyewatering £10 million. Who Is Liable?

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Payments 63