Faster Payments

DAV recognizes exceptional veterans advocates

Retrieved on: 
Thursday, February 29, 2024
DAV, House, Legislation, Disabled American Veterans, Woman, COLA, House Committee, Army, Survivor, Federal, Congress, Senate, PACT Act, Name, Sergeant, Parity, Faster Payments

Washington, Feb. 29, 2024 (GLOBE NEWSWIRE) -- DAV ( Disabled American Veterans ) announced the names of eight dedicated veterans advocates being honored for their outstanding efforts and achievements on behalf of the men and women who served.

Key Points: 
  • Washington, Feb. 29, 2024 (GLOBE NEWSWIRE) -- DAV ( Disabled American Veterans ) announced the names of eight dedicated veterans advocates being honored for their outstanding efforts and achievements on behalf of the men and women who served.
  • Federal executives, senators, representatives, congressional staffers and other veterans advocates are eligible for this recognition, which spotlights commitment and excellence in service to veterans, their families and their survivors.
  • DAV greatly appreciates his staunch advocacy efforts for rural veterans, tribal veterans and veterans’ families, and it salutes his leadership during the 117th Congress on the Veterans’ Emergency Care Claims Parity Act.
  • Lourdes Tiglao, director, Center for Women Veterans, U.S. Department of Veterans Affairs, for her dedication and commitment to the women veterans community, which deserves our deepest gratitude and admiration.

BitPay and Banxa Partner To Expand Crypto Payments Access Across Dozens of Countries

Retrieved on: 
Wednesday, October 25, 2023
Transfer, Litecoin, Sale, United Kingdom, Bank, ETH, MATIC, BitPay, Interac, Single Euro Payments Area, Partnership, Faster Payments, Faster Payment System, LTC, SPEI, BTC, Cryptocurrency, SEPA, PIX, IDEAL, Instant, Online shopping, Electronic funds transfer, Bitcoin, Polygon, Ether, Quipu

ATLANTA, Oct. 25, 2023 /PRNewswire/ -- BitPay, one of the world's largest providers of Bitcoin and cryptocurrency payment services, is partnering with Banxa, the global payments infrastructure provider for the crypto-compatible economy, to give its crypto buyers across multiple countries across the globe access to new payment methods.

Key Points: 
  • Banxa is dedicated to meeting global regulatory requirements and obtaining necessary licenses in order to offer the local payment methods for end users.
  • SEPA (Instant & Standard): The Single Euro Payments Area (SEPA) is a prominent local banking method in European countries.
  • Faster Payments System: The Faster Payments System is a local banking method prominently used in the United Kingdom.
  • BitPay and Banxa support the sale of over 175 cryptocurrencies across 20 chains, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (MATIC), and dozens more.

Form3 Completes Certification for Federal Reserve's New Instant Payment Service

Retrieved on: 
Wednesday, July 26, 2023
Federal Reserve Bank, Faster Payment System, API, Certification, Organization, Federal Reserve Bank of Boston, Federal Reserve Bank of Chicago, FPS, Federal Reserve, FedNow, TCH, Faster Payments, Growth, Environment

The FedNow Service is the Federal Reserve's new instant payment platform, which will provide financial institutions of every size, and in any location across the nation, access to safe and efficient instant payment services in real time, 24 hours a day.

Key Points: 
  • The FedNow Service is the Federal Reserve's new instant payment platform, which will provide financial institutions of every size, and in any location across the nation, access to safe and efficient instant payment services in real time, 24 hours a day.
  • "Completing certification is a key milestone for participating organizations to validate their ability to deliver instant payment services."
  • To achieve certification, Form3 met the requirements of the FedNow Service testing program and attested that it is prepared to meet the requirements to successfully operate in a 24x7x365 instant payments environment.
  • Form3's innovative and industry-leading approach to backend payment technology is built on the company's deep experience of the instant payment industry in Europe.

ACI Worldwide Launches ACI Instant Pay for Merchants in Europe and U.K.

Retrieved on: 
Monday, June 19, 2023
Banking, Software, Mobile, Wireless, Networks, Other Retail, Professional Services, Online Retail, Payments, Electronic Commerce, Technology, Security, Retail, Finance, Transfer, SEPA, Eurozone, Internet, API, ACI Worldwide, E-commerce, ACIW, European Commission, Credit transfer, Faster Payments, Single Euro Payments Area, Ageing, ACI, Online shopping

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced it has launched ACI Instant Pay — a real-time payments solution that enables merchants to accept instant online, mobile and in-store payments via a simple API integration with ACI Payments Orchestration Platform — in Europe and the U.K.

Key Points: 
  • ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , today announced it has launched ACI Instant Pay — a real-time payments solution that enables merchants to accept instant online, mobile and in-store payments via a simple API integration with ACI Payments Orchestration Platform — in Europe and the U.K.
  • The new regulation is aimed at unlocking the benefits of instant payments for European economies.
  • Consequently, more merchants are expected to adopt instant payments and reap the benefits they offer for their business and customers.
  • While the term “instant payments” is used in Europe, the term “real-time payments” is more widely used in other parts of the world.

APP Scams Emerge as the Top Payments Fraud Threat With Fraudsters Changing Tactics, Finds ACI Worldwide Report

Retrieved on: 
Thursday, June 15, 2023
Professional Services, Payments, Security, Technology, Software, Finance, Banking, Steps, PIX, 50/50 Luv, Partnership, Authorized push payment fraud, GlobalData, Telecommunications, ISO, Risk management, Intelligence, ACI Worldwide, Privacy, ACIW, Government, System, Faster Payments, FedNow, Australian Banking Association, APP, Fraud, ACI, Cryptocurrency, Online shopping

APP scams happen when scammers coerce legitimate users to initiate a payment to a destination account under their control.

Key Points: 
  • APP scams happen when scammers coerce legitimate users to initiate a payment to a destination account under their control.
  • APP scams can take many forms, the most common being social engineering — such as phishing or impersonation scams.
  • In June 2023, the U.K. Payment Systems Regulators announced new reimbursement requirements for APP scams within the Faster Payments system.
  • Note to editors: Different markets may use different terminology to refer to APP scam, such as "APP fraud," "Scams," "Confidence tricks" and "PIX fraud."

Finastra integrates with Priority Software to enable embedded Bacs payments

Retrieved on: 
Tuesday, May 23, 2023
Faster Payments, Partnership, Open, API, Business, BACS, ERP, Organization, FPS, Software, Online shopping, Finastra

LONDON, May 23, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces and one of the largest suppliers of Bacs and Faster Payments Service (FPS) solutions for the UK, today announced its partnership with Priority Software, a leading provider of scalable, agile, and open cloud-based business management solutions, to enable UK corporates to send Bacs payments from within Priority Software's enterprise resource planning (ERP) products.

Key Points: 
  • Bacs is a UK bulk payments rail operated by Pay.UK that enables payments to flow from one bank account to another.
  • "Making and receiving regular payments directly from one bank account to another, for example initiating supplier payments, can be time consuming and expensive for corporates," said Gil Michaeli, Global Alliances & Business Development at Priority Software.
  • "By integrating Finastra's solution, our customers can facilitate these payments quickly and with ease, without leaving our ERP software.
  • We look forward to a long-standing relationship with Priority Software to support continuously evolving industry and customer demands."

Real-time Payments and APP Fraud Emerging Globally According to New Aite-Novarica Group and Outseer Report

Retrieved on: 
Wednesday, May 10, 2023
Technology, Finance, Consulting, Security, Banking, Professional Services, Software, Networks, Data Management, APP, Fraud, Research, RTP, FIS, CMO, Faster Payments, Mule, Cryptocurrency, Pharmaceutical industry

“A layered approach for fraud mitigation that combines authentication and payment fraud prevention is more important than ever to effectively mitigate RTP fraud,” says John Filby, Outseer CEO.

Key Points: 
  • “A layered approach for fraud mitigation that combines authentication and payment fraud prevention is more important than ever to effectively mitigate RTP fraud,” says John Filby, Outseer CEO.
  • 67% of FIs plan to make major changes to enhance their RTP fraud controls over the next one to two years.
  • RTP fraud mitigation is a key priority in financial institutions’ fraud prevention strategy.
  • Profiling the sender and receiving account and cross-checking fraud signals against a fraud data consortium should be part of every RTP fraud mitigation strategy.

RevoluGROUP Canada Inc. Inaugurates Significant Financial Technology Integrations

Retrieved on: 
Monday, March 13, 2023
ACT, Policy, BNN Bloomberg, TSX Venture Exchange, Clearing house, European Financial Services Roundtable, TSX, High Street, News, Faster Payments, Automated clearing house, TMX Group, Open banking, FPS, ACH, SEPA, Bank, Payment card, Cryptocurrency, EU, Visa

ACH - Automated Clearing House, Canada, and USA

Key Points: 
  • ACH - Automated Clearing House, Canada, and USA
    FPS - Faster Payments Service, United Kingdom
    Visa Direct – Bilateral real-time testing to begin April 3rd.
  • The Company is elated to confirm that these fundamental financial conduits are now live and operational.
  • RevoluGROUP CEO, Steve Marshall, commented on this significant corporate milestone "RevoluPAY users worldwide sought a venerable replacement for their costly checking accounts of old.
  • We are honored to be one of the first financial institutions to offer its users this groundbreaking financial freedom and technology.

MONI/BitGift® Signs Partnership With MoonPay to Provide Visa Debit Card, Onramp and Offramp Services to BitGift

Retrieved on: 
Monday, February 13, 2023
ACH, Visa, Mastercard, Acquisition, API, Apple Pay, Google Pay, Series, Risk, SEPA, KYC, Partnership, Fiat, Armenia–EU Comprehensive and Enhanced Partnership Agreement, Faster Payments, OTC, Cryptocurrency, Interchange (road)

Through the partnership, BitGift® will now be able to provide its customers the use of Visa Debit Cards, as well as Onramp and Offramp services.

Key Points: 
  • Through the partnership, BitGift® will now be able to provide its customers the use of Visa Debit Cards, as well as Onramp and Offramp services.
  • MoonPay ensures that compliance will never be an issue as it provides top notch KYC and onboarding services.
  • Once the integration is complete, BitGift® will be able to provide its users with a fully-complete Onramp and Offramp system.
  • This integration will allow BitGift® to provide a complete set of Onramp and Offramp services for its users, while also continuing to provide a trusted and secure platform for buying, selling, sending, and receiving a BitGift®.