PYMNTS-MonitorEdge-May-2024

Form3

SumUp Selects Form3 for Access to UK Faster Payments Scheme
SumUp Selects Form3 for Access to UK Faster Payments Scheme
July 07, 2023  |  Faster Payments

SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35...

READ MORE >
FedNow’s Success Hinges on Getting Enough Banks to Connect — and Use It
FedNow’s Success Hinges on Getting Enough Banks to Connect — and Use It
June 28, 2023  |  Real-Time Payments

As the world becomes increasingly digital, the idea of instant gratification has become the norm. From streaming movies to ordering groceries, consumers expect everything to...

READ MORE >
What the US Can Learn From the UK About Push Payments Fraud
What the US Can Learn From the UK About Push Payments Fraud
June 22, 2023  |  Security & Fraud

The U.K. banking industry is currently facing a new wave of regulations aimed at tackling push payment fraud. In an interview with Karen Webster, Form3 CEO Michael Mueller said...

READ MORE >
Platforms Speed Banks Global Real-Time Payments Plans
Platforms Speed Banks Global Real-Time Payments Plans
June 06, 2023  |  Payments As A Service

As the world becomes increasingly digital, financial institutions and enterprises are facing a new challenge: onboarding and connecting to a proliferating number of real-time payments...

READ MORE >
Three-Day Weekends Are Relaxing — Three-Plus Days for Sending Cross-Border Payments Is Anything But
Three-Day Weekends Are Relaxing — Three-Plus Days for Sending Cross-Border Payments Is Anything But
May 26, 2023  |  Cross-border Payments

—Cross-border transactions are growing rapidly, thanks to digital transformations and new international settlement rails. But there still exist a host of international payment frustrations and...

READ MORE >
Batch Payments to Become a Long-Lived Reality in Real-Time World
Batch Payments to Become a Long-Lived Reality in Real-Time World
May 24, 2023  |  Real-Time Payments

The shift toward real-time payments won’t doom batch payments to extinction. There’s room for co-existence, Mark Staunton, head of customer success in North America at Form3, told...

READ MORE >
Why 2025 May Not Be Enough Time to Hit ISO 20022 Transition Deadline
Why 2025 May Not Be Enough Time to Hit ISO 20022 Transition Deadline
May 11, 2023  |  Payment Methods

The move to streamline and speed domestic and cross-border payments is rooted in better data exchange. The financial services industry has been readying itself, and...

READ MORE >
Silicon Valley Bank and FedNow Highlight Need for Reliable Payments Infrastructure
Silicon Valley Bank and FedNow Highlight Need for Reliable Payments Infrastructure
April 28, 2023  |  Banking

Banks and FinTechs are re-examining what needs to change after the Silicon Valley Bank collapse. As Form3 CEO Michael Mueller told PYMNTS’ Karen Webster, “nothing...

READ MORE >
Banks Look to the Cloud to Deliver Real Time Payments Speed and Security
Banks Look to the Cloud to Deliver Real Time Payments Speed and Security
April 14, 2023  |  Real-Time Payments

As real-time payments schemes take root around the world, financial institutions must grapple with new operational and technical challenges. Dave Scola, U.S. CEO for Form3, told...

READ MORE >