PYMNTS

JANUARY 15, 2018

That rings especially true in the areas of B2B payments and cross-border payments, which are complex, require the movement of data along with funds, and often involve multiple parties that have to all be on the same page about a transaction. 145 billion: the value of cross-border B2B payments as of December 2017.

API

PYMNTS

FEBRUARY 11, 2020

The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.

B2B

PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

Cross-Border Payments

PYMNTS

MAY 1, 2019

and cross-border payments. ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution. “With the increasing popularity of Software-as-a-Service models in financial services, this is an ideal time for U.S.

ISO 20022

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. Payments, Cross-Border and Over the Phone.

Cross-Border Payments

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. demand for faster payment capabilities, too. ” As the U.S. “It’s chaos,” he said.

Faster Payments

PYMNTS

APRIL 30, 2020

Most recently, Western Union announced an expansion of its real-time cross border money transfer capabilities. ACH Gets A Boost In The Public Sector. “On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said.

Innovation

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

Faster Payments

PYMNTS

JULY 31, 2019

Visa Direct can be used for more efficient payments, including cross-border payments, insurance disbursements and contractor payments for gig economy jobs. Boston-based auto, home and business insurer Safety Insurance said it will roll out Same-Day ACH payment capabilities for insurance claims.

PayPal

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. Meanwhile, several banks, including Sweden’s SEB, are consider using Ripple’s digital currency for cross-border transactions. But the U.S. A survey of 10 commercial banks from the U.S.,

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 Another service provider looking to bypass existing rails in favor of blockchain is Diamante, whose corporate payment services aim to address the cross-border B2B payments friction of traditional wires.

B2B

PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. The financial messaging service announced in late October that its near-instant, cross-border payments proof of concept performed successfully in tests.

Faster Payments

PYMNTS

AUGUST 30, 2018

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach. In the U.S.,

Same Day ACH

PYMNTS

AUGUST 14, 2019

But the move toward instant money movement is a global one, as evidenced by statistics that come from cross-border transfers in Asia and Europe leveraging networks that are already in place. million: Number of same-day ACH credit and debit payments made during the second quarter of 2019.

Faster Payments

PYMNTS

JANUARY 16, 2020

The final frontier for many SMBs is cross-border trade — and payments — both logistical nightmares until relatively recently. APIs are getting it done, with a cascade of FinTechs making announcements like cloud accounting platform AccountsIQ and its deal with B2B payments firm TransferMate, enabling streamlined cross-border payments.

API

PYMNTS

NOVEMBER 14, 2018

In its latest report, “ Preparing for real-time liquidity ,” Deutsche Bank acknowledged that the value caps on schemes like Faster Payments and Same Day ACH limit the applicability of these trends for corporate payers. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

Real Time Payments

PYMNTS

OCTOBER 8, 2018

Topic One: B2B Payments — yeah, it’s not perfect, but, all-in-all, it works pretty well — even across borders. Could it be better when moving money across borders? ACH rails now settle same-day, three times a day. who today already have access to an ubiquitous faster payments scheme called same-day ACH.

B2B

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B

PYMNTS

JUNE 25, 2019

The second (and concurrent) leg of strategy will be to tokenize existing transaction flows, notably account-to-account activity, which includes ACH, Same Day ACH and real-time payment transactions. Ripple Effects. Down The Road. It’s difficult to predict the future.

Transactions

PYMNTS

MARCH 3, 2017

She gave the example of cross-border payments, where companies are offering new services to ease pain points tied to international activity, via ACH and other conduits, with the impact of streamlining B2B and other transactions. .

Same Day ACH

PYMNTS

JANUARY 2, 2017

That’s a problem that San Francisco-based Wyre is offering to solve with its real-time cross-border payment solution. “We We are trying to get [merchants] away from the idea that waiting three days for payments is efficient,” said Michael Dunworth, cofounder and CEO of Wyre. Blockchain and faster cross-border payments.

Cross-Border Payments

PYMNTS

APRIL 26, 2019

In the age of commerce that is always on, across borders and across currencies, in an age where the side hustle has now become the gig economy , payments are getting flexible and faster. 27 billion: Total ACH volume in 2018. consumers who can access Same-Day ACH and card rails. 95 Percent: Share of U.S.

Faster Payments

PYMNTS

MAY 16, 2019

In a statement, Nacha COO Jane Larimer said, “The [Q1] results show that the ACH Network is poised for another year of sustained growth. Instant payment by proxy is available in Singapore, Thailand and Malaysia, said Deutsche Bank, which added that cross-border money flows will be set to debut within ASEAN in the next 12 months.

ACH

PYMNTS

MARCH 7, 2018

Same-Day ACH (SDA) is phasing into its final stage and, as recent PYMNTS research shows, it comes as 59 percent of corporations report plans to increase use of SDA credits in 2018. Making money move faster across borders takes not only the right infrastructure, but also the fulfillment of regulatory requirements.

Same Day ACH

PYMNTS

MAY 4, 2018

Connecting multiple companies under the fold of a single entity will enable Syncapay to facilitate cross-sharing of industry expertise, services and best practices, Spottiswood told PYMNTS in a recent interview. In many ways, it can begin in the peer-to-peer payments space, which has offered an example for business payments.

Same Day ACH

PYMNTS

AUGUST 3, 2017

A separate report from fraud prevention solutions company GIACT points to potential fraud risks that could arise when Same Day ACH debits roll out in September 2017. In addition to APIs, several financial institutions are taking a closer look at the potential of blockchain to offer cross-border payments.

Community Banks

PYMNTS

AUGUST 30, 2018

Because no matter which side of a transaction they may be on, cross-border trading partners expect to be able to complete transactions conveniently, simply and quickly – and in their local currency. Ripple , for example, is claiming it can facilitate cross-border payments within two minutes, instead of two to three days.

Cross-Border

PYMNTS

JANUARY 2, 2017

As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. Winding down the year, the most recent Trackers examined just what it takes to get all those Christmas presents ordered online to loved ones across borders. X-BORDER PAYMENTS OPTIMIZATION TRACKER.

ACH

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Most suppliers (57 percent) also said their current strategy to mitigate non-payment risk limits their ability to grow across borders.

Risk

PYMNTS

JANUARY 9, 2019

Faster payments, for instance, can make it more difficult to detect that fraud has occurred, BioCatch said, particularly in instances of cross-border corporate payments. In the case of Same Day ACH in the U.S., “Wire transfer fraud is of particular concern for corporate treasury,” the company wrote.

Faster Payments

Nanonets

SEPTEMBER 8, 2023

In contrast, ACH transactions may take 3 to 4 business days to settle due to the need for batching and clearance processes, which introduce delays in fund transfers. A well-established network of correspondent banks facilitates cross-border and cross-currency transfers with typically only one or two intermediaries involved.

Wire Transfer

PYMNTS

DECEMBER 27, 2019

alone, efforts like Same Day ACH and the Federal Reserve’s upcoming FedNow service are opening up the opportunity for business payments to modernize. In the U.S. Yet Ricaurte warned that there is still a long road ahead to modernization, and as new technologies emerge, new challenges do, too. “The

B2B

PYMNTS

OCTOBER 23, 2019

PNC Treasury Management recently debuted a tool that allows corporate buyers to automatically choose a faster payment solution , including real-time payment (RTP), Same Day ACH or next-day ACH, to pay their suppliers by analyzing which payment method would be quickest and most cost-effective. Start From Scratch.

Faster Payments

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. New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S.,

Faster Payments

PYMNTS

MAY 22, 2018

The fact remains that all disbursements by businesses are still done, largely, through legacy means, as 80 percent of firms still send checks or use first-generation ACH — and don’t confuse Same-Day ACH with instant, as it is fast, indeed, but not that fast.

Push-to-Card

PYMNTS

FEBRUARY 15, 2018

A lot of our payments have some kind of international component,” he said, whether that be through travelers moving across borders, cross-border payments coming in and going out or through currency conversions. The first is the international nature of WeTravel’s services. “A

ACH

PYMNTS

JULY 24, 2017

In addition to providing for a settlement capability, such roles might include provision of directory services, transaction processing, network access, security and/or cross-border payments” should said stakeholders fail to agree on standards, policies and procedures. The card networks are powering instant disbursements.

Fed