Payments News
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Risk & Fraud

Britain’s Digital Payments Have Gotten Too Fast

November 6 2019

“Unlike debit and credit card networks, which have certain types of fraud protection , consumers have had little recourse from scams involving bank-to-bank transactions. More than £600 million ($772 million) was stolen through scams, including unauthorized card fraud, in Britain during the first six-months of the year, according to trade association UK Finance .”

On The Web

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Providers

As Real-Time Payments Rivalry Heats Up, Vendors Eye Market Niches And Mid-Tier Institutions

September 30 2019

“With The Clearing House Payments Co. operating a real-time payments network and the Federal Reserve planning one for no later than 2024, payments companies are looking at slices of the market for opportunities in instant money movement. And these niche plays aren’t just the province of the country’s biggest banks. The latest development comes from […]
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Systems

For FedNow, a Lot More Questions Than Answers

October 10 2019

“Two Fed officials fielded questions about those topics and more during a 90-minute Fed-sponsored webinar last month. Much of what was discussed wasn’t new, but some new factoids emerged as well as identification of issues that will be getting much more attention as the service develops (“The New Reality in Real-Time Payments,” September). For example, […]
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Systems

Mastercard to Launch “Request to Pay” Bill Pay in the UK

September 26 2019

“Vocalink’s Request to Pay solution in the UK is the latest addition to Mastercard’s portfolio. It supports the business’ effort to bring innovation to bill payments and aid consumers. In addition, this latest collaboration builds on previous partnerships, such as the UK Image Clearing System (ICS) for cheques. Business process automation firm Exela will be […]
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Reports

U.S. FASTER PAYMENTS BAROMETER — SURVEY RESULTS

November 6 2019

“Glenbrook and the U.S. Faster Payments Council (FPC) are pleased to present results from year one of the U.S. Faster Payments Barometer. In the inaugural survey, over 700 industry professionals with broad representation from across the ecosystem responded. Results revealed how respondents are using faster payments today, the challenges facing their organizations, and what the industry […]
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