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Canada-based interbank payments network Interac has launched the Fraud Fighters initiative in a bid to support fraud education.
product launch, fraud prevention, fraud management, payments
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced that it was selected to develop a confirmation of payee service for Australian Payments Plus.
product launch, online payments, fraud prevention, financial services, fraud management
Diana Lupuleac, Content Editor at The Paypers, shares insights into the history of cross-border payments, how they are made today, and current initiatives aimed to tackle their pain points.
cross-border payments, ecommerce, online shopping, shopping, money transfer, blockchain, real-time payments, CBDC, Open Banking, marketplace, B2B payments, B2B2B2C, ACH, SWIFT
Slovakia-based provider of acquiring services and online payment solutions TrustPay has launched an instant refunds feature.
product launch, online payments, refund, fintech
PayPoint has launched Pay By Bank, a new solution offering bank-to-bank transfers as a PISP to Pay-As-You-Go energy customers.
product launch, payments , digital payments, platform, fintech
Egypt-based MIDBANK has entered the Instant Payment Network (IPN) to enable cash transfers between banks.
instant payments, online banking, COVID-19, mobile banking, digital banking
Mastercard has partnered with Empresa Interbancaria de Serviços (EMIS) to launch a co-branded contactless card with EMV technology to boost the digital economy in Angola.
fintech, cross-border payments, digital payments, digitalisation, financial inclusion
Slovakia-based payment service provider TrustPay has partnered with Portugal-based SIBS to include Multibanco and MB Way Pay in its portfolio.
payment methods, partnership, PSP, ecommerce
The Federal Reserve has announced that the FedNow Service, its new system for instant payments, has gone live in the US.
product launch, banking, fintech, paytech, instant payments, cloud, financial services, FedNow, payment methods
Daniel van Delft, CEO, Currence sat down with The Paypers to discuss the latest EPI acquisition announcement, what it means for iDEAL, and for the future of instant payments in Europe.
real-time payments, EPI, instant payments, instant settlement, SEPA, SEPA API Access Scheme
Bank Indonesia (BI) has planned to launch a domestic credit card system, looking to cut dependence on foreign ones and protect transactions from geopolitical fallout.
product launch, credit card, card scheme, banking, financial services, transactions , local payment method, settlement, payment methods, payments
Swift Go has been launched in 2021 as a solution for completing low-value cross-border payments, and there are over 600 banks that support it.
SWIFT, cross-border payments, FX , banks, payment processing
Lithuania-based neobank startup SME Bank has announced its addition of SEPA Instant Credit Transfers as well as becoming a member of the SWIFT network.
online banking, digital banking, cross-border payments, SEPA, SWIFT
CRYPTO is the umbrella term for the industry and cryptocurrency is the digital asset native to the public blockchain. In today’s instalment, we aim to distinguish between some forms of digital money.
crypto, blockchain, tokenization, NFT, stablecoin, digital assets, DeFi, Web 3.0, metaverse, cryptocurrency
South Africa Reserve Bank has adopted the International Organisation for Standardisation (ISO) financial messaging standard ISO 20022.
banks, payments , ISO 20022, data, regulation
Financial services company J.P. Morgan has executed its first cross-border transaction using decentralised finance (DeFi) on a public blockchain.
cross-border payments, DeFi, transactions , tokenization
JP Morgan has partnered with Visa to streamline global payments using their private blockchain networks, Liink and B2B Connect.
cross-border payments, blockchain, Visa, partnership, JP Morgan
ClearBank has integrated with Fondy to provide ecommerce companies with an efficient shop payment solution, allowing them to manage their money flow.
merchant, IBAN, partnership, ecommerce, transactions
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has partnered US-fintech Symbiont in order to pilot a blockchain project.
SWIFT, blockchain, partnership, Swift messages
Credit Bank of Moscow - MKB and Bank DOM.FR have announced that they are preparing to issue UnionPay cards starting with Q1 2023.
credit card, expansion, Issuer, financial sanctions, card scheme