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ACI Worldwide Adds More Digital Overlay Services For Contactless B2B Payments

PYMNTS

ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release.

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How Overlay Services Add New Opportunities In Open Banking

PYMNTS

In a PYMNTS interview, according to Sean Devaney, VP of banking and financial markets at consulting and IT firm CGI , the real pickup of Open Banking is only just beginning with the emergence of so-called overlay services. But my argument is that, if you get the overlay services right, nobody needs to know about Open Banking.

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Bank payment innovators are stepping up in times of crisis

Payments Source

Banks are utilizing an array of overlay services to address historical market challenges, such as the continued use of checks among businesses that do not have the information or capabilities to send digital payments.

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Is the era of A2A payments about to begin?

Finextra

However, successful case studies from across the globe tend to be based on instant payments, driving home the fact that perhaps these two types of payment should be connected, particularly because this will in turn, push forward standardisation of overlay services such as Request to Pay, database proxy and use of QR codes.

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Payments as easy as Tap, Touch or Blink

Payments Dive

to launch a range of revenue-generating overlay services and create market differentiation. FSS UPI is 2.0 Banks/PSPs can take advantage of UPI 2.0

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Pay.UK’s Fraud Detection Pilot Exceeds Expectations, Detecting Over £112m Worth of Fraud

Fintech Finance

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.

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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

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.