Press release content from Business Wire. The AP news staff was not involved in its creation.
ACI Worldwide’s Craig Ramsey Appointed to U.S. Faster Payments Council’s Board Advisory Group
April 8, 2021 GMT
MIAMI (BUSINESS WIRE) Apr 8, 2021
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that the U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, has selected ACI’s Craig Ramsey, head of Real-Time Payments, to be part of its FPC Board Advisory Group. The FPC Board Advisory Group advises the FPC Board of Directors and FPC staff to make the most of growing trends in the faster payments market.
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
EBAday 2021: Will the European Council’s latest endorsement boost corporate instant payments? 2 hours ago
1 The European Council recently backed the creation of an integrated and instant system for retail payments, interoperable across all EU member states.
While this update gives the Commission strong political mandate for pushing forward initiatives across these fields, the industry is yet to see supervisory attention given to the corporate sector with the same fervour.
Adopting conclusions that respond to the Retail Payments Strategy presented by the European Commission in September 2020, the Council is pushing to ensure that market conditions for the development of EU-wide payment solutions are created to decrease the EU’s dependency on major global players
® Global Network partners.
Discover Global Network is encouraging its partners to move to the EMV 3DS v.2.2 protocol as soon as possible, especially given the potential impact on merchants throughout the EU.
The payments ecosystem involves a high number of dependencies and parties must work together to implement SCA. The constraints the current crisis places on the roll-out of SCA technology severely limits the time available for participants to test together, which is essential to a safer and controlled implementation. Discover Global Network has put programmes in place to proactively monitor transactions to detect any change in approval rates for its merchants and issuers.