This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlayservices that it says will help to speed up real-time payments, according to a press release.
In a PYMNTS interview, according to Sean Devaney, VP of banking and financial markets at consulting and IT firm CGI , the real pickup of Open Banking is only just beginning with the emergence of so-called overlayservices. But my argument is that, if you get the overlayservices right, nobody needs to know about Open Banking.
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. Transcard Embraces Track for Real-Time B2B Payments. Volante Explores the Real-Time B2B Value Prop.
B2B demand for real-time payments has been ramping up, with companies looking to free themselves from the limitations of batched processing. As more countries implement instant payments, it offers treasurers new ways of working, moving from batch processing into a real-time environment.”. Opening up to Faster Transactions.
Friction abounds in the world of B2B payments, especially amid international payments across far-flung supply chains. In an interview with PYMNTS, Stanley Wachs, global head of bank engagement at SWIFT, said SWIFT’s gpi represents a “completely new service for the banking industry,” one that is focused on corporate customers.
Over the summer, ACI announced that it was implementing digital overlayservices to speed up real-time payments. Jeremy Wilmot, group president at ACI Worldwide, told PYMNTS in July that he thinks the B2B payments landscape is being reimagined at the crossroads of public, digital and physical channels.
In this week's B2B Data Digest, PYMNTS looks at some of those numbers, finding cybercriminals both within and outside of the enterprise don't discriminate across borders as attacks hit companies in New Zealand, the U.K. statistic through the rollout of its Confirmation of Payee service for banks in the market. and elsewhere.
“We see APIs as a big part of the overlayservice,” he told the publication. A lot of [FinTech firms] are interested in working with banks, and the more we can facilitate that by providing APIs into SWIFT or into the service of banks, the better.” “We really want to play a facilitation role there.
In an interview with PYMNTS, Jeremy Wilmot, group president for on premise and cloud P&L at ACI Worldwide , told Karen Webster that a convergence of public, digital and even physical conduits is reshaping the B2B payments landscape. This enables the very fast adoption you’re seeing in India.”. Driving Consumer Adoption.
“A business service can either be used in its native form by participating financial institutions and third parties, or it can be further built on and commercialized by an organization wanting to develop an overlayservice on top.”. Dwolla Combines ACH With Cards.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content