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The U.K.’s six major banking groups are now required to have implemented the new Confirmation of Payee (CoP) scheme for Faster Payments and Chaps as part of a regulatory push to tackle the rampant rise in Authorized Push Payment (APP) fraud.July 2
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Speed isn't enough. There also has to be value and new products, says Icon Solutions' Toine Van Beusekom.June 16
Director of the payments center of excellenceIcon Solutions
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Mobile and contactless payments have generated more consumer attention as ways to safely move money during the coronavirus pandemic, but there's also a growing wave of support for The Clearing House's Real Time Payments network for banks.May 27
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Faster processing is not normal, and payment companies need to add more value to capture business, says Icon Solutions' Lauren Jones.May 26
Global payments ambassadorIcon Solutions
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With the stakes now higher than ever, we can expect to see a marked acceleration in payments transformation initiatives, says Icon Solutions' Simon Wilson.May 20
Director of payments solutionsIcon Solutions
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The sharing economy faces its first true crisis, but the payment companies that enable nontraditional payrolls say that the best way to fuel the recovery is to simply be more creative in how people get paid.May 14
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Coronavirus has taken a massive toll on suppliers, and emerging invoice methods are getting thrust into the mainstream to rescue cash-strapped businesses.May 12
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The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.May 4
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PayPal is temporarily waiving fees for consumers using its app to accept government and payroll checks during the coronavirus pandemic.April 24
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With more people sheltering at home and grocery stores limiting access, Domino's is seeing a surge in demand for its pizza — and a need to pay delivery drivers their tips and wages after each shift at a time when the credit card orders outpace the cash on hand at each store.April 21
