PYMNTS

MARCH 8, 2017

With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 trillion global payments market. . All in on APIs. About the Tracker.

B2B

PYMNTS

JANUARY 31, 2019

Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S. demand for faster payment capabilities, too. the Federal Reserve’s Faster Payments Task Force published a report last April urging the nation to review the current regulatory landscape.

Faster Payments

PYMNTS

MAY 3, 2017

NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the initiative and other faster payments efforts will reduce the window of opportunity for FIs to detect and prevent an incident. Faster payments is especially prone.”.

Faster Payments

PYMNTS

NOVEMBER 28, 2016

was one of the first markets to truly push for faster payments with the launch of the Faster Payments Service , an initiative spearheaded by several government agencies and top banks. Several years later, the initiative has made big strides as other markets around the globe look to the U.K.

Faster Payments

PYMNTS

DECEMBER 6, 2017

As the financial services industry takes a look back at 2017, a few milestones stand out: the progress of faster and instant payment initiatives. And, much to the relief of corporates, the continuing focus on B2B payments innovation. Traditional FIs have noticed B2B Pay, too.

B2B

PYMNTS

AUGUST 8, 2019

The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s s path toward faster, digital payments. Keeping Checks In B2B Payments.

FedNow

PYMNTS

SEPTEMBER 14, 2017

The legacy systems in place at many banks, he said, can create a “cumbersome” process because they require payments to be batched and files to be created and then uploaded to a bank’s portal. This setup, Isaacson said, can be a burden for customers because it can involve lag time between the payment initiation and batch processing.

API

PYMNTS

OCTOBER 28, 2016

Whether through virtual payment technologies or faster payment initiatives, the B2B payments ecosystem has explored ways to accelerate the time it takes a buyer to pay its supplier. Some argue electronic payments, like credit cards, are the answer. What Doesn’t Work.

B2B

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Faster payments initiatives, blockchain and other disruptions all show promise to make major changes in the B2B payments space. B2B Payments Outlook.

B2B

PYMNTS

FEBRUARY 7, 2017

You can test all you want, but for payments innovators, the true test only comes when a solution is released out into the real world. s Faster Payments initiative, there have already been some changes made to the service that looks to support real-time transacting. For the U.K.’s But last June, the U.K.

Faster Payments

PYMNTS

OCTOBER 30, 2018

Strength in global consumer spending — along with double-digit cross-border gains and traction in B2B payments — marked third-quarter Mastercard results released Tuesday (Oct. 30), as management eyes digital checkout and other high-tech payments initiatives in the U.S. Digital Efforts And B2B Via Mastercard Track.

B2B

PYMNTS

NOVEMBER 16, 2016

Their partnership will allow financial institutions to offer real-time and same-day ACH payments as a white-labeled solution, reports said. Linked2pay pointed to B2B payments as a particular area that could see positive disruption from faster payments initiatives.

Real Time Payments

PYMNTS

SEPTEMBER 2, 2019

For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. Faster Payments.

Commercial Card

PYMNTS

FEBRUARY 18, 2020

In an interview with PYMNTS, Todd Harbison, chief revenue officer of Ventanex , an integrated payment solutions provider, contended that the healthcare system itself creates friction between healthcare providers and vendors. He added that wires are particularly vulnerable to many of the new payment networks and technologies being deployed.

B2B

PYMNTS

JULY 10, 2017

Accelerated payments initiatives like the U.K.’s ’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. They also need to join Faster Payments Scheme Limited and agree to all of its obligations.

Faster Payments

PYMNTS

OCTOBER 17, 2018

Sberbank , Russia’s largest bank, is collaborating on a faster B2B payments solution with the financial services unit of Russian search engine Yandex. Corporate clients of Sberbank using the Yandex.Checkout solution will have access to the instant payment service, reports said.

B2B

PYMNTS

MAY 1, 2018

A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and are embracing real-time payments initiatives.

API

PYMNTS

AUGUST 6, 2020

This month’s Deep Dive explores the various forces behind FIs’ payments initiatives, and why sticking with legacy banking systems could result in declining customer loyalty and lost competitive ground to challenger banks and FinTechs. About The Tracker.

Regulations

PYMNTS

DECEMBER 4, 2019

Recent analysis from Juniper Research found that blockchain-powered cross-border B2B payments are expected to reach a $4.4 The bank’s decision to introduce the service to corporates before consumers demonstrates the financial services industry’s confidence in B2B use cases for faster and real-time payment services.

B2B

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

Fed

PYMNTS

NOVEMBER 14, 2019

Faster Payments Shift the Landscape. Emerging payment technologies, namely, faster payment initiatives and services, are playing a significant role in not only enabling businesses and their payroll service providers to address global payroll friction, but also in transforming the payroll function at a broader level.

Payroll

PYMNTS

JANUARY 27, 2017

Digital payments firm Dwolla is the latest to want in on the Federal Reserve Faster Payments initiative. 26) said the FinTech company is one of 19 to submit proposals on how to run part of the Fed’s real-time payments network. Reports by Forbes Thursday (Jan.

Faster Payments

PYMNTS

NOVEMBER 17, 2017

At least, that’s according to a report from the EuroFinance Corporate Treasury Network published last month, which found less than half of corporate treasurers say having the ability to make a real-time payment is a priority. But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s

Faster Payments

PYMNTS

JUNE 27, 2019

New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. According to the latest PYMNTS Faster Payments Tracker , Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019. In the U.S.,

Faster Payments

PYMNTS

NOVEMBER 8, 2017

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. Financial institutions need to be actively exploring use cases for real-time payments within their own organizations for meeting the requirement of their customers.

Real Time Payments

PYMNTS

MAY 4, 2016

In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. Here’s a sneak peek: The ultimate goal, Waterhouse said, is ubiquity – namely, to make real-time payments mainstream.

Faster Payments

PYMNTS

JUNE 13, 2019

As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments. Demand is there, pent up, for greenfield opportunities to bring speed and digitization to payments across a range of use cases. After all, faster payments impact cash flow, too. Why B2B Lags.

Checks

PYMNTS

MARCH 28, 2016

The path to faster payments in the U.S. doesn’t have to be paved with a 500+ person task force analyzing what the world would look like if we were starting from a clean sheet of paper, competing propositions for who’s going to build and operate a new set of rails, or even what sort of spiffy software can make existing rails faster.

Faster Payments

PYMNTS

AUGUST 24, 2016

With so many workers getting paid via direct deposit, Same Day ACH and other faster payments initiatives could theoretically lead to improvements in corporate payroll strategy.

Faster Payments

PYMNTS

MAY 26, 2016

The drive of payments innovation, security and speed in B2B payments is fueled by more than the basic buyer-supplier commodities transaction. Beanstream is a payments technology firm that is the latest to enter the U.S. Stewart described the faster payments initiatives of the U.S. “The U.S.

B2B

PYMNTS

OCTOBER 27, 2016

Between the rise of blockchain technology, the market debuts of faster payments initiatives and the advancements in virtual card capabilities, small businesses have more choice and power when it comes to their payments needs. there is evidence that B2B payment practices are improving. In the U.S.,

Cash Management

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. economy is proving to be a tailwind for faster payments and processes. That said, the U.S.

Real Time Payments

PYMNTS

JULY 22, 2020

Businesses in lockdown are finding that real-time payments can support the need to move money and execute payments quickly from a remote working environment, he said, while for customers, merchants’ acceptance of faster payment methods supports demand for touchless and online transacting. In the U.S.,

Real Time Payments

PYMNTS

DECEMBER 12, 2019

Such solutions can also help third-party developers build new tools that leverage rapid payments, providing customers with even more offerings. This month’s Deep Dive examines the advantages of utilizing API-centric approaches to provide businesses with faster payments. . APIs For Accessing Real-Time Payment Rails.

API

PYMNTS

MAY 31, 2016

One of the biggest ways it impacts his thinking is in pondering the role of faster and, eventually, instant payments in the world. in the first world, it’s not an issue,” Hils said of providing faster payments. “But the payments system in Haiti or Honduras can’t handle instantaneous payments.”

Faster Payments

PYMNTS

DECEMBER 19, 2019

In addition to Open Banking, other industry trends like faster payments are keeping banks on their toes when it comes to security. “Fraudsters, thus, rely on this technology gap to circumvent the strongest anti-fraud measures employed by established institutions.” ” Big Banks’ Big Security Concerns.

Faster Payments

PYMNTS

NOVEMBER 23, 2016

But with federal officials now pressing for faster payments technologies to get off the ground, time is running out for the nay-sayers to be convinced. The firm has introduced real-time payments capabilities for its Bank Centric Payments platform, built for financial institutions. Doubt plagues any disruptive technology.

Real Time Payments