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Half of Indian ATMs Could Close in Early 2019 | PYMNTS.com

ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times.

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Visa on SRC as the Future of eCommerce | PYMNTS.com

2108 has been the year of many things in payments and commerce. For Visa Global Head of Payments Products and Platforms TS Anil, it’s been a year in which many big steps have been taken on the journey toward giving merchants something that has made checking out in the store a safe, standard and interoperable […]

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Decoupled Debit — Again?

The year is 2007. Headlines are filled with news of a “revolutionary” product that will change the fortunes of merchants and unlock countless benefits for consumers when using it.

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How Accurate, Speedy Supplier Payments Start With the PO

The procure-to-pay process can be like a game of dominoes stacked up and ready to fall into place. The first domino in the set is the purchase order, and unless that PO is correct, everything else, including invoice and payment, can quickly fall into disarray.

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Kathy Kraninger Confirmed as New BCFP Head

The U.S. Senate has confirmed Kathleen Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP).

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Nonprofits Up Their Payments Game With mPOS

Cash is no longer king when it comes to taking payments. In fact, it’s sharing the crown at best. Seventy-six percent of Americans surveyed by U.S. Bank in 2017 said they carry less than 50 in cash, and 45 percent use it fewer than eight days per month.

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Retailers Ask the Fed for Real-Time Payments

Target and Walmart, among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in an effort to get paid in real time. The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive […]

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Credit Unions Join on FI-FinTech Collaborations

One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building. Banks are shuttering their physical branch locations at the fastest pace in years, according to The Wall Street Journal ( WSJ).

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SWIFT Pilot Focused on Reducing Payment Message Errors

SWIFT has announced the launch of a pilot program for an integrated gpi payments service designed to enable the fast identification and elimination of errors in payment messages.

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Instant Payments Gain Ground With SEPA, SWIFT

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. Implementation began last Friday, Nov. 30.

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US Regulators Urge Tech Innovation to Combat Financial Crime

Several regulatory agencies issued a joint statement that urged banks to study and implement where appropriate methods that would bring innovate approaches to anti-money laundering efforts and Bank Secrecy Act compliance.

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Mastercard, Microsoft Team on Digital Identity

Mastercard and Microsoft announced Monday (December 3) a strategic collaboration to improve how people manage and use their digital identity. In a press release, Mastercard and Microsoft said that currently verifying an identity online is dependent on physical or digital proof which is managed by a central party.

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