Companies Global

BIS's Project Nexus Prototype Successfully Links Eurosystem, Malaysia and Singapore Payments Systems; Partners in Indonesia, Malaysia, the Philippines, Singapore and Thailand to Work Towards Wider Payments Connectivity

BIS

“The BIS Innovation Hub Singapore Centre and partners today announced the successful connection of the test versions of three established IPS using the Nexus model and outlined the next phase of the project to work on the real-world potential of a multilateral network that could be scaled up across more countries. The year-long collaboration included […]

Tags: Bank for International Settlements

Companies

Mastercard Send™ Will Soon be Available for Checkout.com Customers in Australia, Hong Kong SAR

IBS Intelligence

Checkout.com, a global payments solutions provider, and Mastercard announced that they will make Mastercard Send™ available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send™ service which powers real-time payments for consumers, gig workers, content creators and organizations of all sizes, wherever they […]

Tags: Checkout.com Mastercard

Companies

Enhanced Check Deposit Process from VALID Systems to Compete with Real-time ACH and P2P Payment Platforms

EIN News

“VALID Systems, a leading account-based decisioning and machine learning model provider, is proud to announce a strategic initiative to deliver a new check deposit solution that eliminates transaction risk and provides bank customers with immediate access to their check funds. The new check deposit solution is designed to compete with emerging real-time ACH payments and […]

Tags: VALID Systems

Companies

Account-to-Account Payments Set to Revolutionize Shopping, with E-commerce Payments Reaching $525 Billion Globally: Worldpay from FIS 2023 Global Payments Report

Businesswire

“In 2022, account-to-account (A2A) payments continued to grow across the globe, with the expansion of real-time payment systems helping to provide faster, safer and more convenient payments for consumers at the checkout, according to a new report released today from global financial technology leader FIS® (NYSE: FIS). The Worldpay from FIS Global Payments Report 2023 examines […]

Tags: FIS

Faster Payments Risk & Fraud

Stakeholders Respond to Fraudsters’ Affinity for Instant Payments

A joint post by Joanna Wisniecka and Bethany May Rise in instant payments systems incites rise in fraud Instant payments systems (IPS) are proliferating globally, conferring benefits to economies and ultimately, end users. These systems are making digital payments faster, easily accessible, and in some countries, more affordable than other existing payments methods. As IPS […]

Tags: Real-time Payments Risk Management

Companies

Checkout.com to Power Instant Money Transfers in Australia, Hong Kong SAR and Singapore via Mastercard Send™

Mastercard

“Checkout.com, the global payments solutions provider, and Mastercard today announced that they will make Mastercard Send™ available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year. The Send™ service – which powers real-time payments1 for consumers, gig workers, content creators and organizations of all sizes, wherever […]

Tags: Checkout.com Mastercard

Global

ACI Worldwide To Partner With RedAbierta To Power Real-Time Payments in Honduras

Businesswire

ACI Worldwide, the global leader in mission-critical, real-time payments software, today announced a partnership with financial technology company RedAbierta to power real-time payments in Honduras. RedAbierta, the central infrastructure provider in Honduras, will leverage two ACI solutions — ACI Enterprise Payments Platform and ACI Low-Value Real-Time Payments — to build the domestic real-time payments central infrastructure in the Central American country […]

Companies

Can you Spot a Scam? New Visa Study Finds a Third of Canadians Have Fallen for Fraud More Than Once

Visa

Canadians are transacting digitally more than ever before. Quick, frictionless, real-time payments have created many benefits for consumers, but this has also created a wider landscape for fraudsters (also known as “threat actors”). As personal information is digitized, consumers are at increased risk of being targeted by threat actors seeking to get a hold valuable […]

Tags: Visa

Conferences & Meetings Fintech

Episode 193 - Fanning the Flames: Help! Am I Becoming a Fintech?

What do Fintechs have to do with the cereal aisle? Tune in to this episode of Payments on Fire: Fanning the Flames to hear the answer to that question and more, as Glenbrook’s Chris Uriarte and Drew Edmond prepare for MRC Vegas 23.

If you are attending, we’d love to connect! Please reach out to Chris or Drew on Our Team page or connect directly on LinkedIn.

ACH Data NACHA

Episode 192 - The Rising Value of Rich Account Data with George Throckmorton, Nacha

The Payments Network that Moves Data, Not Money

Take a listen to Yvette Bohanan and George Peabody as they speak with George Throckmorton, Senior Director at Nacha and the head of Nacha’s Phixius data network initiative.

Payments networks are remarkable constructions. They bring competitors together around a common set of rules and capabilities that then move millions of transactions a day and untold billions in value. That’s the network effect.

Industry

Key Risk Considerations for Implementing Instant or Real-Time Payments

Federal Reserve Bank of Atlanta

“The Atlanta Fed’s Americas Center and Payments Inclusion teams partnered with the Southeast Chapter of the Brazilian-American Chamber of Commerce in May 2022 to cohost a webinar, “The Risks and Rewards of Real-Time Payments: TheBrazilian Experience.” Atlanta Fed Supervision and Regulation Division senior vice president Doris Quiros discussed some of the supervisory risk considerations that can arise with instant […]

Global

India Ties Up with Singapore for its First Real-Time Overseas Payments Link

Reuters

“India and Singapore launched on Tuesday a real-time link to facilitate easier cross-border money transfers between the two countries, the first such for the South Asian nation that is the world’s biggest recipient of remittances. Transfers of funds between the two countries will now be possible using just mobile phones due to the tie-up between […]

Companies

Pidgin Partners with Community Bankers’ Bank to Facilitate Faster Payments Across Network of Independent Community Banks

Businesswire

“Pidgin, a secure real-time payments platform built for the future of payments, announced that Community Bankers’ Bank (CBB), is extending the platform to its network of independent community banks in the Fifth Federal Reserve District and contiguous states. CBB selected Pidgin to provide its community bank partners and their customers with a fast, easy, and secure way […]

Global

India, Singapore to Officially Link Payment Systems Next Week

TechInAsia

The Monetary Authority of Singapore and the Reserve Bank of India will be linking their real-time payment systems next week to enhance cross-border payment connectivity between the two countries. Singapore’s PayNow linkage with India’s United Payments Interface (UPI) will go live on February 21, according to a press statement.

Companies

Paymentus to Provide Bill Pay and Money Movement for Citizens Retail Banking Customers

Businesswire

Paymentus (NYSE: PAY), the best in class digital bill pay1 and money movement provider, today announced that it has been selected by Citizens Financial Group to provide electronic bill payment and money services for its digital-first retail banking customers nationwide. Citizens will deploy Paymentus Bill CenterSM and Paymentus Loan Payments, both powered by the Paymentus Instant Payment […]