PYMNTS

NOVEMBER 25, 2020

We have not seen the use cases or the digital overlay services rolled out,” he noted. But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

Fintech Finance

MAY 30, 2024

The initiative trialled a new overlay service which will allow all UK banks and building societies to analyse money flows and use predictive intelligence to proactively detect fraud and help prevent crime before it occurs, safely and securely. This would see over £112m worth of fraud detected in a year.

Fraud Detection 52

Fraud Detection Overlay Service Crime Scams 52

PYMNTS

OCTOBER 23, 2020

Over the summer, ACI announced that it was implementing digital overlay services to speed up real-time payments. Earlier this month, ACI partnered with Mastercard to expand real-time, multi-channel payment solutions worldwide.

Overlay Service 61

Overlay Service Real Time Payments Processors Returns 61

PYMNTS

OCTOBER 17, 2018

“We see APIs as a big part of the overlay service,” he told the publication. A lot of [FinTech firms] are interested in working with banks, and the more we can facilitate that by providing APIs into SWIFT or into the service of banks, the better.” “We really want to play a facilitation role there.

API 59

API Payment APIs and Integration Overlay Service Real Time Payments 59

The Fintech Times

JUNE 1, 2024

The standards body confirmed the pilot in June 2023, after contacting industry partners to test the benefits of the service with a group of participating banks and payment service providers. Kate Frankish, chief business development officer and anti-fraud lead at Pay.UK

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

PYMNTS

SEPTEMBER 8, 2020

statistic through the rollout of its Confirmation of Payee service for banks in the market. The solution is an overlay service, which is mandated for the U.K.'s Bottomline is now hoping to lower that U.K.

Business Email Compromise 69

Business Email Compromise Ransomware Payee Overlay Service 69

The Fintech Times

MAY 7, 2024

Banks that lead instant payments and overlay services will gather greater market share as US companies apply these tools to productivity and growth.” It is simple: to maintain the position of the world’s largest, most dynamic economy, the US cannot afford to be a laggard in payments.

Instant Payments 59

Instant Payments FedNow RTP Zelle 59

PYMNTS

FEBRUARY 6, 2020

The new connectivity and data flow opportunities enabled via APIs go beyond information reporting and payments, extending easy-to-integrate overlay services and furnishing corporate customers with new tools developed through FinTech partnerships.

Faster Payments 64

Faster Payments API Payment APIs and Integration B2B 64

PYMNTS

NOVEMBER 8, 2017

Noting that APIs are part of gpi’s Tracker technology, Wachs said the company is “encouraging third-party application vendors to develop overlay services on top of the gpi platform” using the API. Roughly two dozen banks are live in the system and active in their use of gpi.

SWIFT 43

SWIFT B2B Correspondent Bank Overlay Service 43

PYMNTS

JULY 1, 2019

In addition, digital payment initiatives are leveraging Open API and real-time rails with mobile devices, enabling what he called “development of digital overlay services at the mobile device. This enables the very fast adoption you’re seeing in India.”. Driving Consumer Adoption.

Digital Payments 52

Digital Payments Payments Overlay Service Financial Inclusion 52

PYMNTS

NOVEMBER 5, 2019

“A business service can either be used in its native form by participating financial institutions and third parties, or it can be further built on and commercialized by an organization wanting to develop an overlay service on top.”. Dwolla Combines ACH With Cards.

Faster Payments 40

Faster Payments Interoperability FedNow ACH 40