Real-Time Payments

Emerging real-time or instantaneous settlement of payments, e.g., FedNow.

THE FUTURE OF FINTECH IN THE MIDDLE EAST

This report describes how the Middle Eastern banking and payment landscape is evoling due to the advent of new technologies such as artificial intelligence (AI), blockchain, big data and cloud computing, as well as the increasing demand for more convenient, secure, and faster payment methods.

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EUROPEAN COMMISSION INTRODUCES PSD3/PSR TO ADVANCE OPEN BANKING

In this white paper, TINK (a Visa company) explains how PSD3/PSR is a welcome addition to the development of open banking in Europe. PSR should address standardization issues and past problems with APIs. The requirements should be passed before the summer of 2024 with enforcement happening by the end of 2025.

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A NEW PUSH FOR PUSH PAYMENTS

This white paper by Mastercard explains that as real-time payments increase globally, Card-based push payments (push-to-card) enable participants to send funds directly to consumers and small businesses via their payment card accounts. Receipt of funds via a payment card, typically a debit card linked to a deposit account, makes for a seamless consumer experience,

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