The Clearing House’s Post

Implementing Instant Payments: Challenges and Strategies for Banks and PSPs At #EBAday2024, Sheri Brandon, Chief Market Officer, Northern & Western Europe, Worldline, sets the scene around the challenges and strategies that permeate when implementing #instantpayments, including short deadlines that must be met amid many other ongoing #regulation projects. Resources can be constrained in these scenarios, and #banks must now consider how new regulation will lead to new requirements, such as #VerificationofPayee, and ensure these processes fit into current processes. The discussion also covers implementation of instant payments and the trade-offs that must be established. #Security must be enhanced, the #backoffice must be managed differently, and maintenance windows must be rescheduled as #liquiditymanagement is of paramount importance. Moving from predictable flows to instant flows will be a cumbersome challenge. https://lnkd.in/eAmzhsec #fintech #FinextraTV #finance #economy #money #innovation #future #trends #banking #financialinstitutions #Worldline #paymentchallenges #strategies #implementation #regulatorycompliance

𝗖𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗳𝗼𝗰𝘂𝘀 Discover the benefits  for banks with Mastercard's cross-border payments solution. Find out in this short video.  Or watch the full episode by FintechTalentshere: https://bit.ly/3RrXTG4 #ibismanagement #Mastercard #CrossBorderPayments #GlobalConnectivity #Finastra 

Need to withdraw cash but you don't have the physical bank card with you? No need to panic, there are banks worldwide that have the solution, cardless withdrawals! The process is easy, you go to your CaixaBank, Piraeus Bank or Interbank application and set the amount you need to withdraw. Then just head to an ATM, enter the code you received via SMS and you are done! How useful is this feature, right? #fintechinsights #digitalbanking

In a recent survey of banks, payment companies, and credit unions spanning 10+ countries, it was overwhelmingly cited that flat card technology has accelerated and shifted into overdrive. Did you know that 77% of financial institutions witness increased transaction volume after implementing flat card technology? Gain insights from leading issuance experts on the magnitude of the shift in this infographic. Learn more at: https://lnkd.in/gbqGxvEQ #FlatCard #CreditCard #DebitCard #InstantFinancialIssuance #CentralIssuance #FinancialIssuance

Through our payments API with U.S. Bank, we’re transforming how clients: ✅ Send domestic payments across global accounts ✅ Securely monitor payment processing in a single platform ✅ Eliminate third-party fees with bank APIs Learn more about our payments integration with U.S. Bank here: https://bit.ly/437ytSl

Picture a world where every payment goes through seamlessly. EasyDebit’s Bank Account Verification Service checks the accuracy of bank account details across all major South African banks, preventing failed payments and financial discrepancies. This not only ensures smooth transactions but also helps maintain a reliable customer database. Join us as we delve deeper into our solutions! 📊🔍 #BankAccountVerification #AccuratePayments #FinancialSecurity

Volume up! 🔊 Listen to our CEO, Mr Robin Bairstow, discuss the I&M Bank Mastercard and its key features and benefits. Upgrade today and live the best of both worlds. #LiveLimitless #WeAreOnYourSide

“Ultimately, a good partnership between a bank and a BaaS client looks like a marriage where both sides are deeply involved.” — Ahon Sarkar, Helix by Q2 GM    Banking and #fintech analyst Kate Drew takes a closer look at the question, "Where is Banking-as-a-Service (BaaS) headed in 2024?" in her latest Forbes article.   Read the article to learn more success strategies for #banks and #BaaS providers in 2024.

A new digital wallet for US banking customers from Paze | FF News at Money20/20 USA At Money20/20 we had a quick chat with Matt Miller, the Head of Product at Paze℠ to find out more about their product. Several of the largest banks in America have come together to create a new digital wallet that aims to make life easier for consumers in the US. This is certainly a big development that could be added to checkouts across the country and Paze want more financial institutions to get on board too. Tune in to find out when it will be available and why they’re at Money20/20. https://lnkd.in/dcwv9Hcn #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance #money2020usa

I called my bank recently to ask about their currency exchange options. I asked if I could get some euros today. Absolutely, said the friendly customer service rep. Great, I said. What do I need to do? She told me I just needed to go into my branch and tell them I wanted euros. And I can get the euros today? Oh, no, she said. You can come in today to order the euros. Then you can pick them up in 7-10 business days. I now think about switching banks regularly, probably due to joining Travis Liebig to build ATTY Financial, a digital banking platform for law firms. But I've got a problem. Switch to what? Switching is only worth it if I have a better option to switch to. And when it comes to banks, I’m not sure I do. Do you think about switching banks? Do you have any options that are better than others?