Instant Payments

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AFP: Does the US need Faster Payments?

/payments

AFP: Does the US need Faster Payments?

How much choice is too much choice? The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.

Sibos: PBoC to promote the ‘healthy development of cross-border payments’

/Sibos

Sibos: PBoC to promote the ‘healthy development of cross-border payments’

“The People’s Bank of China (PBoC) will continue to promote healthy development of cross border payment in the principles of openness, cooperation and mutual benefit,” said Lu Lei, deputy governor, The People's Bank of China, during the Sibos’s opening plenary.

Bank of Kenya migrates national payment system to ISO20022

/payments

Bank of Kenya migrates national payment system to ISO20022

Earlier this week, the Bank of Kenya announced the successful migration of the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard.

Paysend launches Paysend Libre in Mexico to reach underbanked population

/inclusion

Paysend launches Paysend Libre in Mexico to reach underbanked population

In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.

European A2A payments set for take off - report

/payments

European A2A payments set for take off - report

The European Payments Initiative’s Wero wallet is likely to accelerate adoption of A2A payments, with 37% of payment executives anticipating it will significantly offset card transaction growth by 2027, claims a Capgemini report.

Nationwide app hit with Faster Payments delay

/payments

Nationwide app hit with Faster Payments delay

Nationwide users have received a message that payments "are delayed at the moment". This comes after similar issues in June.

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

/crime

UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

RBI joins Project Nexus for instant cross-border payments

/payments

RBI joins Project Nexus for instant cross-border payments

RBI (Reserve Bank of India) is the latest bank to join the global Project Nexus initiative, designed to enable instant cross-border instant payments.

EBAday 2024: Collaboration is key to fraud management

/security

EBAday 2024: Collaboration is key to fraud management

In one of the closing sessions of EBAday 2024 in Lisbon, panellists Marc Corbalan, VP of RTP analytics at Visa; Erwin Kulk, head of service development and management at EBA Clearing; Simone Löfgen, global head of payment platforms and managing director at Commerzbank; and Kannan Rasappan, founder and CEO of Banfico, explored innovations in cybersecurity in a panel titled ‘New approaches to fraud management’.

EBAday 2024: 75% view instant payments regulation as their number one priority

/payments

EBAday 2024: 75% view instant payments regulation as their number one priority

Hosting the second roundtable of the event, Sulabh Agarwal, global head of payments at Accenture spoke with Simon McConnell, European clearing head, treasury and trade solutions at Citi; and Bruno Mellado, global head of payments and receivables at BNP Paribas about navigating the testing waters of transformation for banks.

EBAday 2024: Navigating the oxymoron of cross-border real time payments

/payments

EBAday 2024: Navigating the oxymoron of cross-border real time payments

The second day of EBAday 2024 in Lisbon kicked off with exciting panel sessions discussing real-time payments.

EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

/payments

EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement - payments & receivables - cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Bank.

56% of US companies offer faster payments; 35% planning to do so

/inclusion

56% of US companies offer faster payments; 35% planning to do so

According to a new US Faster Payments Council (FPC) report, more work is needed to ensure most faster payments products are financially inclusive.

NextGen Nordics 2024: A closer look at Confirmation of Payee

/payments

NextGen Nordics 2024: A closer look at Confirmation of Payee

Moderating her last panel of the day, Finextra’s head of content Madhvi Mavadiya discussed Confirmation of Payee (COP) with Christina Fransson, senior payment product specialist of FIS in EMEA, Greg Huguet, European regional director at iPiD, Paulina Kudlacik, Confirmation of Payee scheme manager at the Nordic Payments Council, and Richard Ross, global payment market infrastructure expert at Swift.

NextGen Nordics 2024: The current state of play of cross-border payments

/payments

NextGen Nordics 2024: The current state of play of cross-border payments

Moderating the second panel of the day, Niamh Curran, senior reporter at Finextra, discussed real-time cross border payments with Patrik Havander, head of B2B Connect Europe at Visa, Christian Schwarz, director payments Europe at Finastra, Dr Hubertus von Poser, member of the management board at PPI, Colin Williams, global lead for clearing transformation at J.P. Morgan, and Jenny Winther, head of payment schemes at Svenska Handelsbanken.

NextGen Nordics 2024: Nordics can look outwards for new instant payments approaches

/payments

NextGen Nordics 2024: Nordics can look outwards for new instant payments approaches

In the first panel of NextGen Nordics 2024, Finextra’s head of content Madhvi Mavadiya moderated the session: ‘Instant payments – how to prepare for RIX-INST on TIPS and the benefits of starting with Swish’.

EU banks worried about 'unrealistic' instant payment deadlines

/payments

EU banks worried about 'unrealistic' instant payment deadlines

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

MPE 2024: How are merchants implementing AI in payments?

/payments

MPE 2024: How are merchants implementing AI in payments?

At the Merchants Payments Ecosystem conference 2024, Chairwoman Anna Maj moderated the session ‘Next-Generation Technologies for Merchant Payments’, speaking to a panel of experts including Bartosz Skwarczek of GZA Capital Group, Galit Shani-Michel from Forter, Bono van Nijnatten from ASOS Payments, and Francesco Burelli of Arkwright Consulting. Maj questioned the panelists on how AI is being used in merchant payments and where AI can take their companies in the future.

NextGen Nordics 2024: 40+ banks registered to attend

/payments

NextGen Nordics 2024: 40+ banks registered to attend

NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.

Top 5 payment stories you missed in February 2024

/payments

Top 5 payment stories you missed in February 2024

Fintech heated up a bit in February meaning you could have missed out on some of the biggest stories. Here are some of the top stories we saw in January 2024.

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