PYMNTS

JUNE 25, 2019

Now, the addition of Rambus’ token technology will help Visa extend its security and convenience to transactions done beyond the confines of Visa’s cards, including account-to-account transactions, payments done on domestic card networks and payments done across real-time payment systems. Ripple Effects.

Transactions

PYMNTS

FEBRUARY 4, 2019

Real-time payment systems are quickly cropping up across the globe. This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 The Federal Reserve’s Faster Payments Task Force established a goal in July 2017 that any consumer or business with a U.S.

Faster Payments

PYMNTS

DECEMBER 7, 2016

Same Day ACH, the faster payments initiative for banks and other financial institutions in the United States, seems to be popular. still has a long way to go and plenty of faster payment lessons to learn. Canada and Europe found 90 percent of respondents are mulling blockchain technology for payments.

Faster Payments

PYMNTS

DECEMBER 4, 2019

Recent analysis from Juniper Research found that blockchain-powered cross-border B2B payments are expected to reach a $4.4 This week’s examination of payments rail modernization looks at a range of service providers embracing new rails rather than relying on technology to improve existing ones. HSBC Loops Into RTP.

B2B

PYMNTS

FEBRUARY 6, 2020

In today’s market of real time, legacy payments infrastructure needs a facelift. As the company readies for early adopters later this year, Transparent Systems also acknowledged that it will initially target the B2B payments landscape. Corporates’ Real-Time Demand.

Settlement

PYMNTS

MAY 12, 2020

“That is definitely the secret sauce, relative to speed and ease of integration, because corporates can disburse payments digitally and reconcile them through their systems as though they sent a check,” said Reed. “It GreenBox POS Adds Same-Day ACH Support. It really minimizes the disruption.”. Fed Forms FedNow Community.

B2B

PYMNTS

APRIL 30, 2020

Western Union is targeting speed and globalization, while OpenPayd explores the opportunity for corporates to reduce their reliance on banks to access a variety of payment networks. One FinTech, meanwhile, throws blockchain into the mix of legacy rails. Western Union Expands Real-Time Capabilities.

Innovation

PYMNTS

JUNE 21, 2018

Finally, adoption of cutting-edge B2B payment technologies could be on the rise, with nearly two-thirds of survey respondents reporting that their businesses are already using same-day payments or other faster payment technologies. One-third said their payment rail of choice for faster transactions is Same-Day ACH.

Faster Payments

PYMNTS

DECEMBER 31, 2019

FinTechs provide many services that can streamline firms’ AP processes, and almost one-quarter of businesses reportedly plan to boost their use of FinTech payment solutions in the next three years. The adoption of digital payment methods is also bound to speed payment settlements and enhance tracking options.

Process

PYMNTS

OCTOBER 8, 2018

ACH rails now settle same-day, three times a day. NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails. But even that is a slow-moving train today and will take time to scale.

B2B

PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

Zelle

PYMNTS

MARCH 7, 2018

From community banks to central banks, the need for faster payments is gripping financial institutions (FIs) of all shapes and sizes. FIs worldwide are making bold pushes to increase their payment speed, from Australia’s new real-time payments scheme to Saudi Arabia’s turn to blockchain. Over in the U.S.,

Same Day ACH

PYMNTS

FEBRUARY 15, 2018

Koeppel said integrations into existing enterprise resource planning (ERP), accounting and other back-end systems will be key, though he’s not entirely sure whether those integrations will come in the form of application programming interfaces (APIs) or in WeTravel’s development of proprietary solutions and the creation of its own payment rails. “I

ACH

PYMNTS

JUNE 27, 2019

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. As faster and real-time payments gain traction in the U.S.,

Faster Payments

PYMNTS

AUGUST 3, 2017

The August Faster Payments Tracker™ , powered by NACHA , highlights notable news and developments from across the faster payments landscape, including coverage of the long-awaited release of the Federal Reserve’s Faster Payments Task Force report on how to improve the U.S. Community banks meet the millennial generation.

Community Banks

PYMNTS

OCTOBER 23, 2019

Meanwhile, both PNC Bank and Bank of America introduced new solutions designed to ease friction in B2B payments by embracing a range of existing rails. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH. s first new payment rail since ACH launched in 1974.

Faster Payments

PYMNTS

JUNE 12, 2019

Faster and emerging payments systems are gaining traction, as nearly half of corporates are using or interested in using new payment services.

Accounts

PYMNTS

MARCH 2, 2016

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. The Power Of Payments.

Faster Payments

PYMNTS

JANUARY 2, 2017

If you have got the money and it’s being transferred, then we want to shorten the wait time for the accounts receivable side and reduce the amount of working capital that businesses have because they are waiting on payments from other companies.”. Blockchain and faster cross-border payments. B2Bs’ need for speed.

Cross-Border Payments

PYMNTS

AUGUST 4, 2017

With the platform in place, ICBA members can easily access ACH solutions, remote deposit capture and card payment transactions. By offering these services to community banks, Giorgio said, those banks are better prepared to begin helping smaller businesses gain quicker access to real-time payment solutions.

Community Banks

PYMNTS

SEPTEMBER 13, 2018

This embrace comes as corporates are just starting to work with faster payments. Data from NACHA – The Electronic Payments Association shows that roughly 6 percent of the two million same-day ACH transactions made in the 11 days since launch were B2B transactions, signaling room for growth.

Cross-Border Payments

PYMNTS

JANUARY 2, 2017

It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. FASTER PAYMENTS TRACKER. made its much-anticipated rollout.

ACH

PYMNTS

SEPTEMBER 6, 2018

Meanwhile, big changes are coming to Aruba’s central bank, which recently announced plans to develop and launch an instant payments infrastructure by early 2019. The bank signed a deal with a payments and transactional services company to help make that happen.

Faster Payments

PYMNTS

MARCH 7, 2016

It’s a wave that was set in motion worldwide a few years ago when regulations in a few countries mandated that consumers and businesses have a right to access funds sent to them in real-time. In other words, it’s a teeny and tiny part of the payments mix in the countries where it was required to happen. Here in the U.S.,

Online and Mobile Banking

PYMNTS

MAY 10, 2018

With PeaCounts poised to release its solution from beta phase later this year, the company is looking to tokenization and blockchain as key drivers of B2B payments speed and security. “We We are tokenizing payments to employees and vendors,” she explained. When NACHA introduced Same Day ACH in the U.S.,

B2B