Faster Payments Council

AUGUST 23, 2024

The Fall Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field.

FPC

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. to launch their own faster payments efforts. “In the U.K., “Smaller banks found it very difficult to join.”

Faster Payments

PYMNTS

FEBRUARY 6, 2020

APIs also allow business clients to more easily integrate banking and payments functionalities into their workflows, which can connect them to real-time payment rails for faster, data-rich transactions. Faster payments rails] existed before. Opening up to Faster Transactions.

Faster Payments

PYMNTS

NOVEMBER 18, 2019

HSBC Bank has launched real-time payments capabilities on the RTP network that gives businesses the ability to pay and be paid immediately, the company said in a press release Monday (Nov. Since July 2019, businesses have been able to receive real-time payments. Now, they can also send real-time payments.

Real Time Payments

PYMNTS

MARCH 4, 2020

Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail. For more on these and all the rest of the latest B2B API headlines, download the Tracker.

API

PYMNTS

JUNE 23, 2020

In a sign that RTP adoption is now spreading beyond the biggest banks, Chesapeake Bank , based in Virginia, has looped into The Clearing House’s Real-Time Payments (RTP) network. ” “Supporting real-time payments through the RTP network is an important step for us,” he continued.

Federal Reserve

PYMNTS

MARCH 30, 2018

When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. The vast majority of that volume and value, however, was in the form of business-to-consumer payments, while B2B transactions accounted for just 6 percent of this activity. Faster payments are “the No.

Payroll

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

Faster Payments

Faster Payments Council

SEPTEMBER 23, 2023

The Fall Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. Foundry Ballroom) Payment networks need volume to scale and keep costs low.

FPC

PYMNTS

NOVEMBER 26, 2020

Sticking with established weekly or biweekly payroll schedules is out of the question for many entities that are now seeking alternative ways to manage these processes. Real-time payments can improve the efficiency of firms struggling with their cash flows, he added. Meeting accelerating expectations in real time

Payroll

PYMNTS

JULY 10, 2019

Canada is embracing the payments modernization journey, with organizations like Payments Canada driving adoption of faster, more agile payment functionality in the country. Faster Payments. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.

B2B

PYMNTS

JUNE 21, 2018

The report, written by Strategic Treasurer and sponsored by Bottomline Technologies and Bank of America, surveyed corporate treasurers, cash managers and CFOs about their key focuses for improving B2B payments. One-third said their payment rail of choice for faster transactions is Same-Day ACH.

Faster Payments

PYMNTS

SEPTEMBER 25, 2018

As it turns out, there may be a disconnect between what treasury professionals need in their day-to-day endeavor of cash management and what their service providers think they need. Thus, the lure of real-time payments, push payments and disbursements, and increased data that can attend each stage of the process.

Treasury

PYMNTS

SEPTEMBER 24, 2019

“Our corporate clients are hungry for the speed, flexibility and improved liquidity enabled by real-time payments,” said Societe Generale Head of Payments and Cash Management Solutions Nicolas Cailly in a statement.

Real Time Payments

PYMNTS

SEPTEMBER 22, 2016

“When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K. “You want to ensure faster payments, even though you may have an alert. ” Khosla said. And speed is critical.

Regulations

The Fintech Times

DECEMBER 31, 2023

. “According to research from the European Central Bank (ECB), Single Euro Payments Area (SEPA) instant credit transfers currently account for only 14 per cent of all conventional SEPA credit transfers. Companies will increasingly move cash management (forecasting, visibility, etc.)

Global Payments

PYMNTS

JANUARY 14, 2020

Such offerings require FIs to ensure their payment services work seamlessly with clients’ other operational solutions, and APIs shine by providing integrations that connect products and prevent headaches. APIs that improve cash management are in strong demand among Wells Fargo’s business clients. Turning Up the Speed With APIs

API

PYMNTS

SEPTEMBER 17, 2019

Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. However, it’s not necessarily the ability to pay suppliers in real-time that has companies enticed. Treasurers See Faster Payments Benefits. Marie Aloisi in a statement.

B2B

PYMNTS

DECEMBER 4, 2019

While firms like Diamante and SatoshiPay embrace blockchain, traditional players like Wells Fargo and HSBC are relying on RTP to accelerate corporate payments. HSBC Bank is introducing real-time payments capabilities to its corporate clients by connecting into the RTP network, allowing businesses to send and receive RTP payments.

B2B

PYMNTS

OCTOBER 1, 2020

The emergence, and embrace, of platforms, he said, can help bridge the great divide between the in-store, hardware laden (via terminals and NFC readers) and online payment processes, which revolve around tokenization, card not present transactions and other digital hallmarks.

B2B

PYMNTS

OCTOBER 2, 2019

With ongoing shifts in payments, commerce, security and transparency, corporate cash managers have a lot on their plates. The fact remains that instant payments — as a concept, perhaps, and certainly as measured in execution or deployment — has not caught on as quickly in the United States as in other countries.

Instant Payments

PYMNTS

DECEMBER 24, 2018

For corporate treasurers and cash managers grappling with currency volatility, “the primary strategy is to have a strategy,” Schamotta said, “rather than hope the exchange rates move in your favor.”. That is, indeed, a lot of money changing hands — with cash providing a guiding force for real-time payments adoption.

Financial Crimes

PYMNTS

MARCH 4, 2020

The core offerings to corporates across a platform such as Bottomline’s are centered on payments and cash management functions, which of course are essential for any business. To coax that change toward digital payments, DeLuca said, context is key. The Use Cases. Some Foreshadowing.

On-Demand

PYMNTS

SEPTEMBER 17, 2018

Processers enable push payments via a debit card as an alias, giving companies new options and the certainty of getting money instantly into the bank accounts of their customers. We see similar dynamics at play in the B2B payments space around the notion of real-time payments.

Rules

PYMNTS

APRIL 18, 2016

With all this talk about faster payments — and even real-time payments — you’d think spenders are most concerned with how quickly their money gets from Point A to Point B. But, according to Western Union Business Solutions President Kerry Agiasotis, real-time payments can only go so far to help a corporate payer.

Cross-Border

PYMNTS

APRIL 15, 2016

When the results were published, ACI Worldwide Director of Solution Consulting and Immediate Payments Barry Kislingbury said the findings represent a “great opportunity for banks working with these businesses to demonstrate the value of their real-time payments offering.”.

Faster Payments

PYMNTS

JANUARY 11, 2021

Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.

Treasury

EBizCharge

MAY 20, 2024

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. Saved cards can facilitate smoother, faster payments and improve customer loyalty.

Process

PYMNTS

SEPTEMBER 24, 2019

Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate. SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept. We need to become efficient enough to provide seamless real-time and digital process.”.

SWIFT