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April 10, 2024

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On the wires

April 9, 2024

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On the web

Pan-European Verification of Payee Ready by December

EBACLEARING

"EBA CLEARING announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024...With the delivery of Verification of Payee, the Company will support payment service providers (PSPs) in offering IBAN/name matching services to their customers for their SEPA transactions."

On the wires

April 8, 2024

On the wires

April 5, 2024

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April 4, 2024

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RTP® Network BreaksRTP® Network Breaks Instant Payments Records Instant Payments Records

The Clearing House

"Consumers and businesses took advantage of instant payments through The Clearing House RTP® network, which resulted in numerous records set in the first quarter of 2024. The network experienced a record 76 million transactions in the first quarter, valued at $42 billion. March was also a record month with nearly 27 million transactions, and March 1st is now the single day with the most transactions at over 1.25 million."

On the web

Banking Circle Delivers Innovative Agency Banking Service

Banking Circle

"Banking Circle’s latest enhancement to its Agency Banking solution provides Financial Institutions (FI’s) and Payment Service Providers (PSP’s) with a faster and cheaper access point to local payment schemes to expand into further markets. The solution delivers indirect access to EURO local clearing via SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst) and GBP via Faster Payments Service (FPS)."

iDEAL Integrates Spread Payments with iDEAL in3

iDEAL

"Payment solution iDEAL now also offers iDEAL in3, a payment option that allows consumers to spread the cost of online purchases over three instalments. The revenue model of iDEAL in3 is based on a fixed fee per transaction rather than aiming for the highest possible percentage of non-paying customers."

Klarna ‘Wikipink’ Challenges Broken US Credit System With Transparent Data

Klarna

"Klarna announced in an industry-first, the launch of a new online initiative - Wikipink - aimed at setting new standards for transparency and responsibility in the credit and lending industry. Klarna challenges the status quo by revealing comprehensive data on its services, including repayment rates, late fee rates, and consumer age demographics, highlighting its commitment to fair and sustainable credit solutions."

On the wires

April 3, 2024

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On the wires

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