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Category: Faster Payments

Faster Payments

Vocalink wins Canadian clearing and settlement system contract

Mastercard’s Vocalink has won the contract to build the clearing and settlement infrastructure for Canada’s new real-time payments system. The decision comes more than 18 months after Payments Canada first picked Italian provider SIA over Vocalink and CGI for the contract. The three rivals had made a 2017 shortlist of bidders to help develop the country’s new ‘Real-Time Rail (RTR), […]

Faster Payments

Authorised Push Payment (APP) Fraud: Contingent Reimbursement Model

The Lending Standards Board is consulting on how well measures for protecting consumers and refunding the victims of scams are working and have published a consultation document.  Review of the Contingent Reimbursement Model Code for Authorised Push Payment Scams. The Contingent Reimbursement Model (CRM) Code was launched on 28 May 2019. The voluntary code sets out good industry practice for […]

Faster Payments

Faster Payments – the UK’s Instant Payment scheme

How much do you know about the UK’s Faster Payments scheme? Data source: Pay.UK In Thursday’s edition of the ‘Payments, Payments, Payments’ newsletter we will be exploring the UK’s instant payment scheme – Faster Payments. Don’t miss out: Read, Subscribe and share at: Thursday’s newsletter is a subscriber edition – use this free 7 day trial link to get […]