article thumbnail

Payments’ Role In The Fourth Industrial Revolution

PYMNTS

If you look across the technology industry and the payments industry, the pace and movement of change is accelerating,” Mike Kresse, division executive for card and money movement at FIS , recently told PYMNTS in an interview. To get a sense of where faster payments are headed, look to the consumer. Particularly in the U.S,

C2B 81
article thumbnail

Cross River To Provide Clients With Real-Time Payment Ability

PYMNTS

In a press release , Avidia said it will soon onboard to real-time payments via The Clearing House, adding to its existing faster payment support that enables P2P and C2B push payments via payment cards. The company has enhanced its Banking-as-a-service (BaaS) products by allowing third parties to have access to payment rails.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Avidia Entices FinTechs With Real-Time Payments

PYMNTS

Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). Offering real-time payments as well as a range of APIs will enable Avidia to expand its offering to FinTechs that want to integrate faster payment capabilities into their own solutions.

article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

article thumbnail

Meeting Consumer Demand With Speed-Of-Life Payments

PYMNTS

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The digital economy is here and, for many consumers, it has become a way of life. But, with this progress comes friction in the form of a payments patchwork. Supply and Demand.

article thumbnail

Mastercard: Moving Beyond The Cards With Payment On Delivery, Online Bill Pay

PYMNTS

And when it comes to 24/7 real-time payments, adoption by businesses, and by consumers, will be pushed ahead use case by use case and transferring funds between accounts in minutes or seconds will gain traction. What you see through these two actions,” he told Webster, is to expand Mastercard’s role in commerce beyond cards.”

Visa 41
article thumbnail

FinovateFall 2015 Presenting Companies Announced

Fintech Labs Insights

Dynamics’ Next Generation Payment Cards crack a 30-year lack of card innovation by embedding a full computer architecture inside a payments card. After a month-long screening process, we narrowed the pile to the newest and most innovative ideas in fintech.