Stax

NOVEMBER 13, 2024

Making a payment via the ACH network differs from making a payment with a credit card in that you are sending the money directly from one account to another, instead of charging it to a card you would later be liable to repay. The receiving bank then credits the money to the account of the receiving customer.

ACH

Fintech Finance

MARCH 18, 2025

The report explains that the ISG collapse made a mockery of payment performance reporting which ranked ISG among the industry’s very best payers, when in reality subcontractors were owed large amounts and were battling to get paid.

Governance

Stax

MARCH 18, 2025

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. If the transaction is approved, the issuing bank transfers the money from the customers account to the merchant account.

Process

Fintech Finance

MARCH 7, 2025

With small businesses accounting for 60% of UK employment and 48% of business turnover in 2024, late payments add additional pressure to what is already a tough economic environment. The perceived lack of control varies based on the payer. Already, nearly a quarter (24%) of SMBs say they receive payments that are up to 60 days late.

Small Business

The Fintech Times

JUNE 10, 2025

Cross River says the new feature lets businesses send secure digital payment requests, which the payer can immediately authorise and fund, helping to improve cash flow and reduce the need for pre-funded accounts. The RfP capability aims to address delays in inbound payments, which often rely on traditional ACH and wire transfers.

Request for Payment

The Fintech Times

MARCH 19, 2025

The report explains that the ISG collapse made a mockery of payment performance reporting which ranked ISG among the industrys very best payers, when in reality subcontractors were owed large amounts and were battling to get paid. ProjectPay also highlights the lack of regulatory support in the UK.

Government

Stax

MARCH 27, 2025

TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. EFT is the umbrella term for all electronic transactions that transfer funds digitally between bank accounts using only bank account information. With other EFT methods, only the payer can send payment manually.

ACH

The Fintech Times

NOVEMBER 22, 2024

” Embracing payment automation With GoCardless, payments are automatically pulled from customers’ accounts when due, which has improved payment success rates. “Using bank payments for instalments offers greater security and reliability for both our merchants and their payers.

Automation

The Fintech Times

MARCH 10, 2025

With small businesses accounting for 60 per cent of UK employment and 48 per cent of business turnover in 2024, late payments add additional pressure to what is already a tough economic environment. This perceived lack of control appears to vary based on the payer.

Small Business

The Fintech Times

JULY 2, 2025

This provides enhanced protection for cross-border payments within the EU, including for customers of these banks with accounts in other European countries. Through this expansion, banks in Belgium and the Netherlands can now perform mutual VOP checks. SurePay now processes 200 million VOP checks per month.

Payee

Fintech Finance

JUNE 23, 2025

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.

Regulatory Compliance

Fintech Finance

JUNE 9, 2025

RfP allows businesses to send a secure, digital request for payment — enabling payers to authorize and send funds instantly with greater control, a significant step forward in streamlining the payment experience and reducing friction in how money moves.

RFP

The Payments Association

DECEMBER 2, 2024

By holding PSPs financially accountable for fraud losses, the regulation motivates these institutions to implement more robust fraud prevention measures, thereby reducing the incidence of APP fraud.

Regulations

Fintech Finance

JULY 1, 2025

This provides enhanced protection for cross-border payments within the EU—including for customers of these banks with accounts in other European countries. Country-level approach benefits Belgian banks, businesses and consumers Like the Netherlands and Denmark, Belgium has opted for an extended version of the standard VOP service.

Payee

Finextra

JULY 2, 2025

Real-time tools measure a transaction’s carbon footprint so payers can offset emissions or earn “green points” at checkout. Corporate dashboards show supplier ESG ratings alongside account balances, helping treasurers pick the most sustainable partners. Banks and Fintechs now add sustainability scores to every payment.

Transactions

The Payments Association

JUNE 16, 2025

These are linked to the requirement for instant offline settlement, i.e. digital money leaves the payer device to go into the payee’s device. Any future digital pound will likely co-exist with stablecoins, e-money, tokenised deposits and an upgraded account-to-account payment infrastructure.

Settlement

Fintech Finance

FEBRUARY 4, 2025

Financial institutions have increasingly adopted the RTP network to offer their customers a more transparent payment experience that delivers instant funds availability while providing payment confirmations to both the payer and the receiver.

RTP

Trade Credit & Liquidity Management

AUGUST 5, 2025

Automating accounts receivable processes has transformed the collections landscape. Before automation, each collector decided on the appropriate action, whether to call or send a letter, depending on the overdue amount and their experience with a particular account.

Automation

Payments Dive

JUNE 12, 2025

While 48% of cash-paying drivers use cash for budgeting reasons, 17% of cash-payers don’t have bank accounts, and 12% aren’t credit or debit cardholders, according to the February survey of 1,548 U.S. Our research found that 51% of consumers store funds directly in payment apps, effectively using them as alternative bank accounts.”

Digital Payments

Neopay

MARCH 26, 2025

While it can feel like a daunting task to make changes to payment processes, the reality is that the time and cost to automate can be less than expected and provide benefits both for the short and long term. Source : Payments Cards and Mobile The post 8 in 10 UK businesses plan to improve payments processes in 2025 appeared first on Neopay.

Process

EBizCharge

DECEMBER 18, 2024

Card payment clearing: Facilitates credit and debit card transactions by ensuring funds are transferred from the payers bank to the payees account. ACH networks process transactions in batches, making them cost-effective and suitable for high volumes. These systems are critical for large-value transactions.

Facilitators

Fintech Finance

FEBRUARY 28, 2025

Businesses and entrepreneurs now account for 15% of Nequi’s user base, according to the platform’s data. “This transformation has fueled the growth of cross-border transactions those where the payer and recipient are in different countries.

Volume

EBizCharge

JANUARY 6, 2025

but offers a 10% discount to cash payers. Accounting and record-keeping complexity: Tracking discounts and reconciling accounts may increase administrative burdens. Essentially, customers save money by paying with cash, while businesses reduce their reliance on card payments.

Legal

The Fintech Times

JANUARY 7, 2025

It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro. In order to do so, payees PSPs will need to provide such service to the payers PSP according to the requirements defined in the Regulation.

Value Added Service

Trade Credit & Liquidity Management

JULY 9, 2025

The federal government is moving to eliminate paper checks for all federal disbursements by September 30, 2025, under Executive Order 14247, “Modernizing Payments To and From America’s Bank Account.” ” This initiative, led by the U.S. Fraud Reduction: Paper checks are significantly more vulnerable to fraud.

NACHA

Finovate

FEBRUARY 5, 2025

To this end, new regulations for Verification of Payee (VOP) mandate that payment service providers (PSPs) give payers verification of payee details before making credit transfers. Numeral’s VOP technology also leverages a configurable matching algorithm that helps firms balance risk management and a seamless user experience.

Payee

Neopay

JULY 30, 2025

On 11 March 2024, HM Treasury launched a consultation on the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). The MLRs will provide carve-outs to facilitate rapid access for customers of insolvent banks to new accounts.

Money Laundering

Trade Credit & Liquidity Management

JULY 14, 2025

Foreign Customer Creditworthiness Risks Changes in a customer’s financial situation, such as declining sales, mounting debt, or lost customers, can quickly turn a previously reliable payer into a late payer, draining cash flow and increasing risk exposure. Clearly, margins are being squeezed up and down supply chains.

Payer

PYMNTS

NOVEMBER 9, 2020

Payer Financial Services has developed a new registration product to change how customer relations are made between companies online through better identity verification services, according to a press release. Payer is determined to lead the development of the end-to-end payment chain for B2B.

Payer

Fintech Finance

OCTOBER 17, 2024

Worldline [Euronext: WLN], a global leader in payment services, today announces the launch of its account-to-account payment method named “Bank Transfer by Worldline”. From other similar payment methods, we know our customers feel safe paying with their bank account.

Accounts

PYMNTS

SEPTEMBER 26, 2018

The latest corporate banking offering by Citi aims to virtualize treasurer accounts for more personalized, streamlined services. 25) that it is rolling out Citi Virtual Accounts for institutional clients. The bank said in an announcement Tuesday (Sept. Citi said it plans to expand the offering into the U.S.

Accounts

Open Banking Excellence

JANUARY 9, 2024

Open Banking-powered account-to-account (A2A) payments deliver a faster speed whilst reducing the risk for the merchant when it comes to the individual payments made to establish a policy. All payers need to do is authenticate the payments via (desktop or mobile) online banking and funds are sent directly to the insurance merchant.

Payment APIs and Integration

PYMNTS

JANUARY 13, 2021

The paper check, the paper invoice, slow accounts receivable (AR) processes and collecting on aging receivables can be difficult for even the most seasoned AR professionals. With virtual cards, he said, a portion of that interchange rate gets shared with the payer. The problems are analog. But digital-era help is on the way.

Process

Fintech Finance

AUGUST 6, 2024

Invoiced’s SaaS platform empowers B2B finance teams to automate A/R processes by managing invoices, communicating with payers, and reconciling payments to their Enterprise Resource Planning (ERP) systems. According to industry research, the global Accounts Receivable Automation revenue market size is estimated to grow from USD 3.3

Payment Networks

Fi911

MAY 22, 2024

When merchants accept credit card or debit card payments, the hope is that the funds from that sale will remain in their account as revenue. A payment reversal is the process through which funds from a transaction are returned to the payer’s account. What happens when a transaction needs to be reversed, though?

Payer

PYMNTS

MARCH 26, 2020

Acknowledging that delayed and late B2B payments is not solely caused by poor payment behavior on the customer’s end is an important piece of optimizing the accounts receivable (AR) process, according to Alex Louisy, co-founder and CEO of France-based FinTech Upflow , who said that the notorious spreadsheet is often to blame.

B2B

Fintech Finance

AUGUST 28, 2024

GoCardless for Salesforce Switching to account-to-account payments with GoCardless means Salesforce customers will save time and money by automating their payment processes. Our integration not only provides more visibility and control over how AppExchange users get paid, but also makes the process faster and easier for end payers.”

Payer