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Wallet wars: How digital payments are reshaping finance

The Payments Association

CEO Linda Yaccarino framed the move as a leap forward, but the real story is bigger: tech giants are no longer just facilitating payments, theyre actively reshaping the financial industry. Some people might find this unexpected, but as digital wallets become more common, it makes sense for companies involved in payments to embrace them.

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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

The demand for faster payments is ringing louder than ever during the economic downturn. Businesses need to maintain smooth revenue streams and are working hard to avoid being hit with painful late client payments or delayed access to their earnings while also ensuring their workers are paid promptly.

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Radius Bank: Virtual Debit, Mobile Tools Help Banks Fight Debit Fraud

PYMNTS

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions.

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Can Push Payments Be The Ultimate Check-Killer?

PYMNTS

When it comes to accessing their money, today’s consumer wants it now, with the push of a button. As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. New Tools on the Block .

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Disbursements Go Under Modernization Microscope

PYMNTS

The fiasco around distributing individual stimulus payments and Paycheck Protection Program (PPP) loans made it glaringly obvious that despite advances like instant P2P transfers in the consumer world, business disbursements lag. Underestimating Real-Time Requirements. Overcoming Flawed Perceptions. That’s changing.

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NEW REPORT: What Faster Payments Means To Venmo — And The P2P Use Case

PYMNTS

While there are plenty of tools that make it easier to get money deposited into a bank or debit card account, there aren’t many that make it easier to ask your friends or co-workers to cough up the cash when you pick up the tab after a night out. News from the World of Faster Payments. billion in fares. billion in fares.

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NEW REPORT: How Push Payments Pull Payments Innovation Forward

PYMNTS

With all the new payment innovations on the scene, it seems like the paper check is the party guest that failed to RSVP and refuses to leave. And these payments can be disbursed using one of several different payment options that can make it easy for the recipients to access and use the funds quickly.