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It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B p stanley italy ayments context.This week look at payment rail innovation is all about speed, both for legacy rails and new ones. SWIFT has revealed plans to develop new real-time rails, while VSoft is wielding traditional bank rails to facilitate its real-time payments capabilities.PYMNTS breaks down all of the latest initiatives below.SWIFT stanley quencher to Launch New Real-Time RailsIt was a big week for payments messaging solution provider SWIFT, which announced that it will be revamping its real-time payments strategy. The initiative aims to upgrade its platform to optimize interactions between financial inst stanley cup usa itutions FIs for heightened transparency and payments predictability. SWIFT is expected to use an application programming interface API to streamline interactions between intermediaries.We are innovating the underlying infrastructure that financial institutions use to make transactions run even faster end-to-end, and at the same time further reducing costs for the community through industry-shared services in the areas of cyber, fraud and compliance, SWIFT CEO Javier P茅rez-Tasso said in a statement, adding that SWIFT will also integrate data analytics to mitigate risk.Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their o Hrpp AccuFund Adds New Features To Government AP Offering

Last year,聽merchants and banks felt fraud losses reach聽$21.84 billion聽on all credit, debit and prepaid general-purpose and private-label payment cards issued globally.According to The Nilson Report stated, this means that for every $100 in volume, 6.97 cents was fraudulent. The number doesn ;t come at too much of a聽surprise considering fraud itself grew by 20.6 percent in 2015, outpacing the growing聽global card volume. The industrys best defense against counterfeit fraud are EMV cards and the terminals needed to read their chips, David Robertson, publisher of The Nilson Report, said in a press release. EMV has been steadily penetrating dozens of countries, but in the U.S., where issuers poured EMV cards into the market, merchan stanley france ts lagged in deploying terminals. By 2020, it predicted that card fraud worldwide will聽t stanley shop otal $31.67 billion. Despite the fact that fraud has continued to worsen year-over-year, the report shows that the rate of fraud is still lower than the peak years of the 1970s when measured as basis points of total volume.Here are the numbers:$8.45 billion聽| The amount of聽gross聽card fraud losses worldwide聽that the U.S. market accounted for72% | The percentage of worldwide fraud losses 聽incurred by card issuers$6.12 billion |聽The percentage of worldwide fraud losses incurred by merchants and acquirers20.6% | The gr stanley cup owth percentage of global fraud in 2015$31.31 trillion | The total global card volume last year$31.67 billion | The amount of card fraud wor