This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story
 

09/10/2023

Panel: Real-Time Ubiquity and Connectivity Turn Payments Into ‘Satisfaction Tools’

PYMNTS

Real-time payments schemes are proliferating around the globe.

Getting them to work in sync and breaking down the silos that exist between countries will be key to helping faster payments scale across a variety of commercial and consumer-facing use cases, a trio of payments experts told PYMNTS.

Panelists included Dave Scola, CEO for the U.S. at Form3Sarah Billings, senior vice president, head of payments and international product operations and transformation at PNC; and Dan Williams, senior vice president, head of embedded banking at KeyBank.

As Williams noted, “the numbers around international trade are pretty staggering.” Trillions of dollars flow across the globe as enterprises pay one another, as buyers pay suppliers. And yet, he noted, traditional payment systems are “not that friendly when it comes to delivery of funds, predictability of funds and reconciliation.” Financial institutions (FIs), he added, need to help those client firms deliver money more efficiently in order to improve the performance of supply chains, and to improve consumer payments, too.

Read more...

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information