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Instant Payment News

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Bank, Technology

Banks and retailers to increase payments spend

Almost three-quarters (71 percent) of European retailers and financial institutions plan to increase spending on payments technology in the next 18 to 24 months in the face of increasing competitive pressure and a feeling of being ‘under siege.’ The five-part Global Payments Insight study, conducted by ACI Worldwide (NASDAQ: ACIW), and market research firm Ovum, […]

Partnership, Scheme

FSS to provide UPI solutions for six Indian banks

India-based payments firm Financial Software and Systems (FSS) will provide Unified Payment Interface (UPI) solutions for six unnamed Indian banks. The National Payments Corporation of India (NPCI) recently launched UPI, which offers instant, online bank payments. The move is seen as a major change to the Indian financial sector. FSS says UPI enables the banks […]

Scheme, Technology

European Payments Council Pushes Instant Payments Fix

The European Payments Council said earlier this week that it is launching the public commentary period tied to the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme. As noted in a release by the council, the proposal would offer the first platform of its kind to be operational across the European region. […]

Technology

Keeping up in a Faster Payments world

Faster payments is one of the more pervasive topics in almost any global payments conversation. And if you look at key countries like Singapore, the US, and Australia, it may seem to be more than just talking. Additionally, many countries are improving their infrastructure to clear payments in the same day or already have domestic […]