Faster payments

Driving an Uber car isn't like many other jobs, and drivers' payments and expenses are also very different. Much of those differences are built on Green Dot technology, and the bank is ready to see if its platform can work for more than just Uber.

Europe's banks stand to benefit a lot from the SEPA Instant Credit Transfer scheme — but "instant" is a high bar that many banks may not be able to reach.

The central bank is taking a lead role in trying to combat the longstanding problem. A broad study by the Fed aims to measure the extent of payments fraud and to foster more collaboration in thwarting it.

The announcement comes after a Federal Reserve Board task force issued a report in September that said it would further examine options for modernizing the U.S. payments system.

These apps may not seem like much of a threat as long as they stay in their lane — but increasingly, ride-sharing companies are pushing the limits of how their apps can be used for payments.

Denizen is designed for expats and migrants to receive money and make payments without international transfer fees or currency exchanges.

The tracking engine automatically provides status updates to all GPI banks involved in any GPI payment chain and allows them to confirm when a payment has been completed.

The IATA said it's investigating how to apply faster payments to passengers, whether directly from the airline or indirectly via travel agents. Globally, airlines absorb more than $8 billion in costs for merchant fees and fraud.

Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time.

Countries all over the world are embracing faster payment processing, and Di Challenor is one of the major forces behind the movement in Australia.