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NETSTARS Partners with ACI Worldwide to Power the World’s Payment Ecosystem

Fintech Finance

The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.

ISO 20022 104
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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients. Because speed is not necessarily corporates’ biggest payments pain point, FIs must look elsewhere to develop real-time payments-based services. “If

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Visa Joins Phixius Pilot For B2B Payment Data Exchange

PYMNTS

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. 12) announcement. It was also reported in March that Ernst & Young (EY) would help out with Phixius’s creation.

Phixius 79
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

The comments and insight across the past year-plus has led the Fed to ready a FedNow pilot program — an effort that will seek additional guidance from financial institutions (FIs), including payment processors, to help the service evolve moving forward. Looking Toward Interoperability And Scale .

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Rethinking CBDCs: Addressing design flaws and privacy concerns

The Payments Association

Accounts Nearly all of the prevailing CBDC proposals assume that money must always be held in accounts maintained by a service provider, making that service provider a de facto custodian, and suggesting that bearer instruments have no place in the future of digital money. But the damage was done. But the damage was done.

Privacy 88
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How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

Enriched data insights enable AI innovation, translating into more tools and value-added services. Combine digital ID, AI and new rich data standards like ISO 20022, and I’m excited to see what can be done. Digital IDs enable carmakers and service providers to operate more efficiently.