PYMNTS

JANUARY 17, 2020

When you’re a small business, and you have 60 or 80 payments a month, automation is nice, but it’s definitely not the value proposition that will shift businesses off checks.” It’s among the biggest differences between B2B and B2C payments, Bar noted. Where Faster Payments Fits. The result?

Faster Payments

PYMNTS

SEPTEMBER 24, 2019

The Septem ber Faster Payments Tracker explores new initiatives aimed at better serving SMBs’ payment needs as well as other key developments in the space. Around the Faster Payments World. The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system.

P2P

PYMNTS

OCTOBER 22, 2019

Bank introduced a new eBilling tool also designed both for billers and payers. Bank of America Optimizes Payment Choice. Bank of America Optimizes Payment Choice. Bank Targets Both Billers and Payers. But a closer look at the offering, announced last week, also reveals significant attention paid to the supplier.

Payer

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments

PYMNTS

FEBRUARY 6, 2020

“The benefits of APIs for instant payments [are] huge,” said Charlotte Hausemer, vice president of innovation and product management for trade and treasury solutions at BNP Paribas. Faster payments rails] existed before. What we do with instant payments and APIs is offer 24/7 [access to those] services.

Faster Payments

PYMNTS

MARCH 1, 2019

Consumers no longer had to carry hard currencies, and they could make purchases using money they expected to earn. For instance, prior to a law passed by Congress in the mid-1970s, companies could mail consumers activated credit cards without their consent. Now, demand for faster payments options is taking off worldwide.

Faster Payments

PYMNTS

MARCH 20, 2018

Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech by Michele Bullock, assistant financial system governor of the Reserve Bank of Australia (RBA), suggests there is more to be done to address fraud risks. Europe and U.S. It led the U.K.

Faster Payments

PYMNTS

OCTOBER 29, 2020

Consumers are also working to handle new budget strains and seeking swifter access to their earnings so they can better make ends meet. Businesses also demand quicker payments from their corporate clients. PYMNTS research found that microbusinesses say they are more likely to partner with payers that deliver rapid payment experiences.

Faster Payments

PYMNTS

NOVEMBER 17, 2017

But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s s Faster Payments scheme , some are beginning to realize that, when it comes to corporate payers, real-time payments capabilities can offer more than speed. Take payroll, for example.

Faster Payments

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Common forms of pull payments include debit cards and paper checks.

Payer

PYMNTS

MARCH 9, 2020

Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Facilitating Uptake.

RTP

PYMNTS

AUGUST 7, 2020

While the barriers to reaching an international consumer base are low thanks to innovations in eCommerce, online retailers and merchants still struggle to provide their global consumers with the same payments experience their domestic ones have. Providing Payer Certainty. Merchants’ Competitive Edge.

Cross-Border

PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments

PYMNTS

OCTOBER 10, 2019

Real-time payments are currently among the hottest trends and topics in the payments industry — a source of significant investment and regulatory attention, as financial institutions and other players strive to meet consumer demand for faster money movement. Pull Payment Trends. That’s a huge benefit.”.

Real Time Payments

PYMNTS

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. The majority of consumers, at 58.4 percent, state that most of their non-government payments come through non-instant methods and take more than a day to receive.

Instant Payments

PYMNTS

MAY 2, 2019

For small and medium-sized businesses (SMBs) and consumers, payments that arrive promptly are worth far more than payments of the same dollar value that trickle in after weeks of delays. Payment speed can be dragged down in many ways. Payment speed can be dragged down in many ways.

Faster Payments

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. Consumer payment solutions like Venmo and Zelle are taking off because they rely on less data to move funds as quickly as possible. “That’s the difficult part.”

Faster Payments

PYMNTS

NOVEMBER 13, 2020

PYMNTS’ research reveals that a fair share of consumers do not fully understand what real-time payments are or which payment methods support real-time transfers. percent of consumers claim to have used real-time payments, even though the methods they use either do not support real-time payments or are not made in real time.

Real Time Payments

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. Just which payment rail they will migrate to, however, remains unclear. Deutsche Enables Faster Payments In Thailand.

NACHA

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. It's All About Timing. Speed will be key in several workflows of the B2B commerce experience.

B2B

PYMNTS

NOVEMBER 13, 2019

Faster payments continue to gain traction in the U.S., as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. In the U.S.,

Real Time Payments

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Two in particular, he said, are technology and payer habits. “It’s

Federal Reserve

PYMNTS

DECEMBER 12, 2018

As fraudsters become more brazen and aggressive with how they access data, companies that handle such information — including banks and businesses — face mounting pressure to keep consumer data safe and secure. Giving Gig Workers Faster, Safer Payments. Download the Tracker to read the feature story, Deep Dive and headlines.

Data Breach

PYMNTS

JUNE 4, 2020

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release. RTP is offered through The Clearing House and is touted as the first new payments rail in the U.S.

Real Time Payments

PYMNTS

MARCH 31, 2020

Thailand-based Siam Commercial Bank (SCB) announced an expansion of its partnership with blockchain technology firm Ripple to expand its cross-border payment capabilities for business customers. Faster Payments Council Names New Leadership. Faster Payments Council has named Reed Luhtanen as its new executive director.

B2B

PYMNTS

JANUARY 28, 2020

’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. 1, a move that could encourage broader use of RTP in the B2B payments arena. The Clearing House Expands RTP Opportunity. percent jump.

Same Day ACH

PYMNTS

APRIL 18, 2019

As European countries and consumers move forward with data transparency, other lawmakers and regulators are seeking to do the same. In the latest PSD2 Tracker , PYMNTS looks over how PSD2 is affecting the use of data for businesses and consumers around the world. Around the PSD2, GDPR World.

Regulations

FICO

JANUARY 31, 2018

This year and next sees many regions adopting real-time payment schemes, adding to existing schemes in countries such as the UK, Switzerland and Japan. There’s SEPA CT Inst in the EU, the Clearing House Faster Payments Scheme in the USA and the New Payments Platform in Australia. Confirm completion or rejection instantly.

Real Time Payments

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

Fed

Fintech Finance

APRIL 11, 2024

Verituity , a leading provider of intelligent, verified payout solutions, today announced the integration of Mastercard Move , Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers.

Cross-Border

PYMNTS

SEPTEMBER 10, 2019

Internationally, JPMorgan introduced its E-Customs Payment Solution , which fully digitizes and automates cross-border payments of goods. The bank is also progressing further into the world of healthcare payments with its recent acquisition of InstaMed, which addresses payments issues for consumers, providers and payers.

Cross-Border Payments

PYMNTS

NOVEMBER 5, 2018

Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. As NACHA expands Same Day ACH functionality, it’s unclear how small and medium-sized businesses (SMBs) will embrace the faster payment capability. NACHA said 43.2

Small Business

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% in payment volume growth in Q4 2021. in Q4 2021.

ACH

PYMNTS

FEBRUARY 18, 2020

“Unlike traditional B2B areas, where the supplier and customer have agreed upon pricing, and it is the exception when the payment amount does not equal the billed amount, “ he told PYMNTS, “it is standard practice in healthcare for a provider to bill one amount only to have the payer decide to pay a completely different amount.”.

B2B

FICO

JUNE 26, 2018

In the past year, three major economies — the Eurozone, the USA and Australia — have gone live with real-time payments schemes, Canada will follow in 2019 and many other countries are on the road to implementing real-time schemes. This raises the prospect of increased real-time payments fraud against businesses.

Real Time Payments

PYMNTS

APRIL 2, 2019

It wasn’t the first to roll out such a system, but it was the first “major payments upgrade” in the U.S. RTP adoption has since spread across myriad industries and uses cases, ranging from companies paying suppliers, each other and their consumers to government entities making payouts to firms or individuals.

Real Time Payments

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%.

B2B