PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. Some of them have been mandated by governments, readying for anticipated demand. Particularly in the U.S,

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

APRIL 13, 2020

The demand for mobile disbursements comes as more consumers rely on their smartphones for their financial needs. These individuals also expect faster payments in their day-to-day lives thanks to their interactions with peer-to-peer (P2P) payment apps. They also have the infrastructures to support these payments.

Innovation 93

Innovation B2C B2B P2P 93

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments.

Checks 66

Checks Real Time Payments B2C Faster Payments 66

PYMNTS

NOVEMBER 7, 2018

Faster payments solutions must meet a variety of demands. Small retailers want to keep their cash flow moving by receiving consumer payments quickly, while large corporations need improved data and visibility to ensure their B2B transactions arrive on schedule. In addition, the rails are expected to benefit B2C payments.

Faster Payments 49

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B 49

PYMNTS

JANUARY 21, 2021

They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Around The Real-Time Payments World.

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. But the market’s B2B payments practices present a tougher sell to make the switch from faster, electronic payment technologies, Peters told PYMNTS.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Stax

MARCH 14, 2024

All this to say that if your company transacts with other businesses, it’s worth supporting multiple B2B payment methods so you can cover your bases. This post offers a primer on B2B payments to help you understand which methods and solutions work best for you and how to implement them. Not sure where to start?

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

OCTOBER 29, 2019

Developers are increasingly exploring how to address some of the biggest B2C payment friction points in the market, most notably the pain of renters making monthly payments to landlords, often via paper check or clunky, fee-heavy online payment portals. .

B2C 41

B2C B2B Innovation FinTech 41

PYMNTS

NOVEMBER 7, 2018

The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient payment tools. Around The Smarter Payments World.

Electronic Funds Transfer (EFT) 63

Electronic Funds Transfer (EFT) Faster Payments Payments Governance 63

PYMNTS

DECEMBER 5, 2017

It has these newer, faster methods running across core payments infrastructure that was not built to support so many, so fast. Supply and Demand. The ability to keep up with consumer demand is the crux of any capitalist enterprise. From millennials to baby boomers, all want payments to keep up with their lifestyles.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

APRIL 7, 2020

Consumer payments, he noted, often don’t require the final step that B2B payments have around invoice true-up in AR software, which makes business-to-consumer (B2C) payments comparatively simpler and therefore good candidates for rapid innovation. And the world of financial services is built on trust.

B2B 83

B2B B2C Privacy Origination 83

PYMNTS

DECEMBER 3, 2019

The magnitude of the market is attractive even to B2C FinTechs, though the industry has quickly understood that B2B problems cannot be addressed with tools and technologies designed for consumer. And indeed, some businesses in need of cross-border payment solutions have been forced to revert to those B2C solutions, with lackluster results.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Blockchain 53

PYMNTS

DECEMBER 2, 2019

The overarching themes that cut across these interviews: The speed of payments is, of course, increasing. The change is coming and can be anticipated, across C2C to B2C to B2B — and providing at least some sort of roadmap. That is broadening, too, and crossing borders. The age of bankers’ hours is officially over.

Cross-Border 55

Cross-Border Cross-Border Payments Payment APIs and Integration Treasury 55

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. Trust and safety is a … bigger issue in the B2B space than the B2C space.”.

B2B 73

B2B Cross-Border Blockchain Small Business 73

PYMNTS

DECEMBER 30, 2020

Indeed, the continued digitization of B2B payments and commerce has opened up the opportunity to accelerate and automate an array of back-office processes on both the buyer and supplier end of a transaction. Shifting Business (And Payment) Models. For some B2C firms, that meant expanding into the B2B market.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

MAY 4, 2018

Industry consolidation is a lofty objective, and with so much happening in corporate payments – from faster payment initiatives to cross-border payments technologies – where does one start? In many ways, it can begin in the peer-to-peer payments space, which has offered an example for business payments.

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46

PYMNTS

OCTOBER 22, 2019

Managing cash positions has become an exercise in thinking big, thinking long-term, and at the same time addressing constantly shifting smaller details and demands of businesses that are increasingly global in scope. Corporate treasurers live in interesting but hardly easy times.

Cash Management 41

Cash Management ISO 20022 Message Standards Faster Payments 41

PYMNTS

NOVEMBER 15, 2019

In today’s top payments news, Walmart CEO Doug McMillon said eCommerce isn’t quite where it needs to be revenue-wise, but that it will be one day. Adyen Adds Card Issuing By Merchant Demand. Dutch global payments platform Adyen announced that it’s launching card-issuing services to its customers.

TCH 46

TCH Online and Mobile Banking Faster Payments Payments 46

PYMNTS

JUNE 18, 2019

Adoption of real-time payments in the U.S. The assumption, of course, is that faster payment functionality only has a place in the peer-to-peer payments arena. ” The path toward real-time payments is in its early stages in the U.S., has been slow, particularly compared to other markets like the U.K.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

PYMNTS

AUGUST 14, 2019

demand deposit accounts will have access to Zelle through the 480 financial institutions contracted to join the Zelle Network,” said Al Ko, CEO at Early Warning. “We We continue to see double-digit increases in new customer wins each month, demonstrating continued demand for Zelle from national and regional banks and credit unions.”.

P2P 49

P2P Zelle Venmo RTP 49

PYMNTS

JUNE 2, 2020

Patients can struggle to afford the high costs associated with medical care, and hospitals can struggle to keep the lights on when bill payments trickle in slowly. This month’s Deep Dive examines the factors affecting the nation’s more than $103 billion healthcare market and how digital B2C solutions can streamline the payments process.

Real Time Payments 52

Real Time Payments Debit Card B2C Checks 52

PYMNTS

JANUARY 15, 2018

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency.

B2B 55

B2B Same Day ACH Innovation NACHA 55

Payment Savvy

DECEMBER 9, 2020

Technology is rapidly evolving, and the world of payments isn’t left behind. It’s why merchants should keep an eye on payment trends to ensure they’re ahead of the curve. As payments continue evolving, companies are finding new strategies for improving customer experience and optimizing software through them. Real-Time Payments.

Payments Trends 52

Payments Trends Payments RTP C2B 52

PYMNTS

DECEMBER 3, 2018

Last year, the European Payments Council (EPC) launched the SEPA Instant Credit Transfer (SCT Inst) scheme, which officially debuted on Nov. From initial launch to 12 months in, the number of payments services providers (PSPs) has more than tripled, and the number of countries that have signed up has more than doubled. 21 of 2017.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Use Case 62

PYMNTS

AUGUST 30, 2016

Some analysis concludes that B2B eCommerce is becoming more like B2C eCommerce , too, with higher demands for more personalized shopping experiences. Brown said that should also be promoting more frictionless B2B payment solutions. It’s quite an exciting time to be in the payments business.” The Role Of Data.

B2B 58

B2B B2C Authorization Service Provider 58

PYMNTS

JUNE 24, 2016

It also needed to integrate a virtual card feature as mid-market firms increase their demand for the tool. Yesterday (June 23), the company released Tradeshift Go , a virtual assistant that helps business travelers book travel plans, make payments, manage expenses and more. And it needed to be digital, of course.

B2B 41

B2B Payments Credit Cards On-Demand 41

PYMNTS

JUNE 9, 2017

For marketplaces, a major contributor to the problem is the wide use of decidedly low-tech paper checks when making cross-border payments. A number of marketplaces also partner with acquiring banks and make payments using wire transfers, which are typically delivered in three to six days but can take as long as two weeks in certain countries.

Cross-Border 46

Cross-Border Cross-Border Payments Wire Transfer Venmo 46

PYMNTS

MARCH 7, 2016

But when that business depends on in-field operations — say, for example, field technicians and contracting — the payments process can prove especially clumsy if paper bills and checks have to travel to and from the field before any processing. Late payments can be a problem for any business,” Urry added.

B2G 40

B2G Payments PayPal B2B 40

PYMNTS

JANUARY 10, 2019

Rise of Quicker Payments. But consumers are increasingly demanding quicker — even instant — payments in all types of situations, from wages to disbursements. B2C disbursements account for more than 3.5 billion payments valued at $10.7 Further evidence of that comes from the new PYMNTS Disbursements Tracker.

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

PYMNTS

SEPTEMBER 7, 2017

MN: We look at a wide range of sources for innovative ideas, from listening closely to our customers to learning from our consulting and implementation partners to following industry experts to drawing lessons from other startups and companies in other verticals, including the B2C world. There’s data, to be sure — reams of it.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

PYMNTS

MARCH 7, 2016

Store shelves would detect shoppers’ movements and dynamically change pricing based on demand and inventory on hand. As I wrote last week , in some sense, the payments industry got the retail industry all off track in pushing mobile wallets in-store instead of mobile wallets as a way of reducing friction online. And they did.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46