PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Evolving Use Cases. Digital assets are no longer a futuristic pipe dream in modern economy.

Treasury 84

Treasury Cross-Border Cross-Border Payments Interoperability 84

Fintech Finance

DECEMBER 14, 2023

Yet today, legacy core banking systems work in batch environments, while modern fintech use cases and user journeys require near real time responses.

Embedded Finance 52

Embedded Finance Issuers Near Real-Time Processors 52

PYMNTS

MAY 14, 2020

Looking at the natural progression of 5G adoption across a variety of use cases for enterprises and individuals, he noted some parallels in what has come before. Now more than ever, he said, it is “absolutely clear how essential” converged communications platforms have become for businesses and consumers alike.

Consumer 52

Consumer Use Case Near Real-Time On-Demand 52

PYMNTS

DECEMBER 3, 2020

While Mastercard originally launched Mastercard Send with consumers in mind, Hernandez said the company quickly expanded the product to include small-business debit cards — and it’s been growing Mastercard Send use cases ever since.

Treasury 89

Treasury Visa Digital Payments Debit Card 89

Fintech Finance

JANUARY 10, 2024

Payouts has many use cases such as business-to-business (B2B) account payables, gig economy wages, insurance claims, tax refunds, sales commissions, tips, contractor payouts, and more. In addition, businesses can be delayed waiting for bank approvals and integration resources. enabled by Visa Direct.”

Payment APIs and Integration 52

Payment APIs and Integration Security Tax Refunds Push-to-Card 52

BitPay

APRIL 25, 2023

Crypto payroll solutions are especially beneficial when paying employees overseas, as cross-border payments using traditional banking methods can be costly and inefficient. Making cross-border payments in crypto allows for near real-time settlement while reducing transaction costs.

Stablecoins 52

Stablecoins Cross-Border Cross-Border Payments Payroll 52

PYMNTS

SEPTEMBER 19, 2019

When it comes to banking use cases for the company’s technology, Northeast Credit Union (NECU) upgraded its HappyOrNot member satisfaction terminals at 20 branch locations. They are also intended to share their wait times, the level of employee professionalism and any loan rates, among other data, in near real time.

Near Real-Time 43

Near Real-Time Credit Union Assessments Use Case 43

CB Insights

JANUARY 16, 2019

For example, Telsa cars have powerful onboard computers which allow for low-latency data processing (in near real-time) collected by the vehicle’s dozens of peripheral sensors. This provides the vehicle with the ability to make timely, autonomous driving decisions. Get the full 59-page report.

CHIPS 57

CHIPS Near Real-Time Use Case On-Demand 57

PYMNTS

JUNE 5, 2018

Pigg said this is the approach that must be taken — a calculated one, based first on understanding the tech and, second, on applying it to specific problems and use cases where it can deliver results that are better than what organizations are achieving today. Use Cases For Blockchain. and global clients.

Blockchain 61

Blockchain Cross-Border Cross-Border Payments Use Case 61

PYMNTS

NOVEMBER 8, 2017

“Interest in real-time payments platforms is growing at an ever-faster pace,” reflected FIS’ chief operating officer for banking and payments, Anthony Jabbour, in a statement. This scheme supports near real-time transactions and, like Denmark’s, operates 24/7. B2B’s Role In Faster Payments.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

NOVEMBER 29, 2016

They’ll use the EdgeVerve Blockchain Framework for Financial Services product, reports added. The banks will use blockchain to trade invoices, purchase orders, invoice financing processes and other trade finance transactions in near real-time, the banks noted.

Blockchain 44

Blockchain Near Real-Time NOV Finance 44

FICO

OCTOBER 28, 2016

The opportunity for enterprises to leverage cloud based analytics is especially compelling in the area of real-time and near-real-time communications. In recent years, FICO has been democratising analytics and enabling organisations of all sizes to harness the power of analytics-based decisioning.

Online and Mobile Banking 82

Online and Mobile Banking Accreditation Near Real-Time Regulatory Compliance 82

Payment Savvy

MAY 16, 2023

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

MAY 28, 2019

Armed with these capabilities, robots can be precisely controlled dynamically in near real time, and be connected to people and machines locally and globally.”. Meanwhile, 5G deployments are gaining steam as merchants and others explore new use cases for the technology.

Near Real-Time 69

Near Real-Time Wires Wire Technology 69

Wharton Fintech

JANUARY 18, 2024

In embedded finance, we focus on three use cases: payment for platforms, embedding money movement into core products (global treasury), and enabling startups to build global or domestic banking products. Currently, our proprietary network processes over 94% of transactions over $100 billion, with less than 6% still going through Swift.

Cross-Border 52

Cross-Border Cross-Border Payments Payment APIs and Integration Embedded Finance 52

PYMNTS

NOVEMBER 29, 2018

MovieCoin aims to deploy blockchain, smart contract and cryptocurrency technologies in a wide range of use cases, all geared toward the global movies and entertainment market — one that Grand View Research recently estimated to be worth nearly $1.15 trillion by 2025.

Cryptocurrency 54

Cryptocurrency Audit Blockchain B2B 54

PYMNTS

DECEMBER 15, 2017

The card network is hoping that’s the case, as it rolls out the first use case stemming from its recently launched global prepaid money management platform. Those physical and virtual prepaid products can be used to pay online and at stores, anywhere Mastercard is accepted.

Visa 53

Visa Use Case P2P Issuers 53

PYMNTS

MARCH 13, 2019

Now, with the adoption of smartphones and other mobile devices, along with the spread of low-cost cloud computing , the time is right, in his view, for billing that better reflects actual consumer or business use of a product or service, rather than providing relative estimates on pricing. Auto Insurance Use Case.

Digital Payments 62

Digital Payments B2C B2B Payments 62

PYMNTS

APRIL 21, 2016

The continued movement toward mobile commerce has placed increasing pressure on service businesses of all stripes — from lenders to retailers — to find out, in real time or at least near real time, which customers are “good” ones. The use case dictates how it is used.

Authentication 41

Authentication Use Case Payment APIs and Integration Near Real-Time 41

The Fintech Times

MARCH 31, 2024

AI providers themselves need to have a very clear and specific use case for the insurance sector to ensure the most effective and valuable outcomes for both the sector and the end consumers. Today the best use cases for advanced generative AI models in insurance are focused on efficiency and accuracy.

Risk 68

Risk AI Underwriting Automation 68

PYMNTS

MAY 28, 2020

Mastercard Send, Mastercard’s global push payments platform, is designed to help SMBs through enabling their merchant settlement funds in near-real time through their acquirers. “And you know these days, immediacy matters.”. Instant push payments replace the days of waiting that are common with ACH transfers.

Visa 61

Visa Consumer P2P ACH 61

PYMNTS

JULY 24, 2018

MoneyGram is the first cross-border use case for Visa Direct,” Frew told Webster. All of those transactions will happen in near real time, he explained. One of the reasons we are so excited to partner with MoneyGram is because they are so passionate about innovating this space forward.”.

P2P 89

P2P Cross-Border Push-to-Card B2C 89

PYMNTS

SEPTEMBER 10, 2019

But, as is the case with so much in banking, technology can make the ATM a potent tool for customer engagement — boosting ROI, too — if financial institutions (FIs) leverage a holistic approach with the machines themselves, with a focus on self-service use cases.

ATM 63

ATM Multi-Currency Near Real-Time Value Added Service 63

PYMNTS

AUGUST 28, 2019

“What this system [does] is essentially tap into our operational data store, which is a copy of our core that will allow us to detect, in near real time, different anomalies with a pattern of transaction,” Moran explained. We’re really just kind of scratching the surface right now,” Moran said.

Credit Union 46

Credit Union AI Near Real-Time Fraud Prevention 46

PYMNTS

JULY 27, 2017

VocaLink and fast ACH help complement the Masterpass push payments service, said the executive, facilitating the delivery of funds in “near real time to virtually all debit card accounts in the United States” with reach into 85 markets across the world, connecting mobile wallets and bank accounts. “So

Visa 40

Visa Consumer Cross-Border Push-to-Card 40

PYMNTS

MAY 6, 2020

There is not one technology that fits every use case, though, and FIs must adapt how they view and verify data to stay ahead of flexible fraudsters who employ tools to more easily impersonate legitimate customers. This will allow them to gain holistic views of their new and existing customers to better protect against cybercriminals.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

JULY 24, 2017

One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. Post Office decided it was time for them to run it. No one, since without it, new payments schemes struggle, and many use cases are DOA.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

APRIL 20, 2018

Artificial intelligence, he continued, is able to offer predictions and problem-solving for CPOs in near-real time. Artificial intelligence, in real time, can give you savings that are three to five times what a human being can do with data analytics.

AI 41

AI Risk Mitigation Near Real-Time Compliance 41

PYMNTS

NOVEMBER 17, 2017

At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority. But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

PYMNTS

AUGUST 15, 2018

The information collected enables merchants and issuers to make near real-time authorization decisions. Growing tension about privacy appears likely as behavioral biometrics gains more attention and use in the coming months and years. One of the largest B2B buyers in the world — the U.S.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Privacy Multifactor Authentication 44

PYMNTS

NOVEMBER 16, 2018

As PYMNTS readers are well aware, the optimism and promise that surround AI (some of it mere hype that will eventually deflate based on actual use cases, of course) are at high levels.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

Fintech Finance

JUNE 3, 2024

Visa Direct is a VisaNet processing capability that allows safe, convenient, near real-time funds delivery directly to financial accounts using card credentials. With Visa Direct, Nuvei merchants are able to provide instant payout capabilities to their customers, with transactions routed and processed in near real-time.

Near Real-Time 52

Near Real-Time Credential Cross-Border P2P 52

CB Insights

JUNE 5, 2018

Over the next decade, the rise of connected (IoT) devices will require networks to transmit massive sums of data in near real-time. Early testing of this technology shows real-world speeds of 700 – 3025 Mbps (3.025 Gbps) , which consumers may experience once 5G becomes commercially available.

Near Real-Time 78

Near Real-Time On-Demand Technology Wires 78

Fintech Finance

APRIL 15, 2024

Responding to the ever-growing need to move money seamlessly, Mastercard and VoPay today announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.

Visa 92

Visa Electronic Funds Transfer (EFT) Near Real-Time Cross-Border 92

Fintech Finance

DECEMBER 12, 2023

Gavin McMillan, RevoluGROUP CEO, said , “Our alliance with Visa goes beyond being merely a partnership; it is a commitment to continue providing secure, innovative, and nearly real-time payment solutions to our customers and private label partners.

P2P 52

P2P Near Real-Time Facilitators Payments 52

PYMNTS

SEPTEMBER 18, 2019

. “As a result of the increasing digitization of banking services globally, we see a growing demand to further reduce friction regarding traditional borders, and today’s technology puts us in a strong position to do that,” said Wells Fargo’s Head of Innovation Group Lisa Frazier in a statement.

Distributed Ledger Technology (DLT) 49

Distributed Ledger Technology (DLT) Stablecoins Cross-Border Cross-Border Payments 49

PYMNTS

OCTOBER 16, 2017

Innovators also find new use cases for these new currencies, including Initial Coin Offerings (ICOs), to raise money to fund innovation outside of the realm of existing securities regulation. Bitcoin has only two proven use cases after eight years: criminal activity and speculation. Bitcoin is also anything but free.

Cryptocurrency 71

Cryptocurrency Bitcoin Near Real-Time Use Case 71