Payments Source

JUNE 11, 2020

The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen.

Government Payments 102

Government Payments Governance Government Payments 102

PYMNTS

JANUARY 11, 2021

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books.

Financial Inclusion 95

Financial Inclusion Payments Governance Government 95

PYMNTS

NOVEMBER 5, 2020

In fact, as noted in an upcoming Ingo Money playbook, in research performed in conjunction with PYMNTS, more than half of consumers and roughly 70 percent of microbusinesses received at least one non-government payment in the last 12 months, with roughly half of them made through “ faster ” methods that include instant payments.

Faster Payments 98

Faster Payments Instant Payments Payments Same Day ACH 98

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

PYMNTS

APRIL 24, 2020

He told PYMNTS in a recent interview that as consumers prioritize cost savings over shoring up rewards and airline miles, citizens are preferring to use ACH to pay their government bills and fees online rather than pay the processing fees often associated with cards. Business-To-Government Payments.

ACH 64

ACH Governance Government G2B 64

PYMNTS

AUGUST 21, 2020

” Research into digital payments, of course, is nothing new for the Fed — and as Cunha offered by way of example, a few years ago his bank published research that found value in mobile payment tokenization. It’s not about going to production.”

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

Core

FEBRUARY 6, 2024

As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. How is this achieved?

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

PYMNTS

MAY 28, 2020

As Mastercard Senior Vice President of Digital Payments Silvana Hernandez told Karen Webster in a recent conversation, the recent difficulties weren’t created by the COVID-19 pandemic so much as they were fully exposed by it and put under more pressure all at once. Turning The Big Ships.

Visa 61

Visa Consumer P2P ACH 61

PYMNTS

OCTOBER 19, 2020

Digital payments form a critical facet of the world’s economy, facilitating the flow of tens of trillions of dollars among individuals and businesses each year. However, the sheer number of cross-border payments belies the challenges that individuals and companies face when conducting them.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Technology 77

Fintech Finance

DECEMBER 12, 2023

Visa, one of the world’s leading digital payment companies, and RevoluPAY , a wholly owned subsidiary of RevoluGROUP Canada Inc. This innovative solution arrives amidst a growing trend among consumers favouring digital payments and demanding new methods for seamless money transfers.

P2P 52

P2P Near Real-Time Facilitators Payments 52

PYMNTS

JUNE 29, 2016

Amazon Payments will soon be an official payment option of the U.S. federal government. The Bureau of the Fiscal Service announced today (June 29) that Amazon Payments will soon be a digital payment option for consumers needing to make an online payment to the federal government.

Bureau of the Fiscal Service 42

Bureau of the Fiscal Service Governance Government Fiscal Service 42

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. Businesses, banks and payment providers worldwide are innovating the way disbursements are sent and received to better serve the needs of this group of consumers.

On-Demand 49

On-Demand Instant Payments Online and Mobile Banking Checks 49

Neopay

SEPTEMBER 26, 2024

The PSR, as part of the Joint Regulatory Oversight Committee (JROC), established the VRP Working Group in June 2023, which developed a blueprint for implementing VRPs for financial services, utilities, and government payments. The PSR also consulted on Faster Payments proposals to enable a phased rollout of VRPs.

Cross-Border 52

Cross-Border Faster Payments Payee Consulting 52

Payments Source

AUGUST 31, 2020

Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.

Financial Inclusion 157

Financial Inclusion Instant Payments Funds Transfer Blockchain 157

PYMNTS

JUNE 3, 2016

. “They will save time and effort through purchasing with the payroll cards that are considered [a] safe and smooth payment tool that facilitates their daily lives,” he added. At present, electronic government payments account for about 2 percent of the overall consumer spending market in the country, he said.

Financial Inclusion 40

Financial Inclusion Payroll Governance Government 40

Clearly Payments

FEBRUARY 12, 2024

As global payment networks, they must navigate complex regulatory frameworks governing payment processing, AML/CFT , and consumer protection in multiple jurisdictions. Financial regulations and compliance requirements also shape Visa and Mastercard’s operations.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

PYMNTS

JANUARY 22, 2020

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. government departments.

Governance 52

Governance Government Checks Tax Refunds 52

Core

OCTOBER 4, 2023

Government agencies must carefully plan and allocate resources for a smooth integration. Pressure to Match Consumer-Level Expectations In the modern digital age, constituents have grown accustomed to a seamless, user-friendly digital payment experience.

Governance 52

Governance Government Payment Reconciliation Payments 52

PYMNTS

APRIL 9, 2020

Financial concerns caused by the temporary closures of many businesses as well as rising health concerns are leading many to request funds they have been waiting for — including rebates, insurance claims or government payments — as quickly and as easily as possible.

Checks 71

Checks Online and Mobile Banking Direct Deposit Scams 71

PYMNTS

AUGUST 6, 2019

Digital disbursements for pensions and government funds gained more traction in India this April, when the Reserve Bank of India’s (RBI’s) Committee on Deepening Digital Payments came together to discuss whether all government payments to citizens should be made through digital channels.

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

Core

JUNE 29, 2023

The Solution To address the issue, the county partnered with CORE to implement a digitized payment processing platform. By leveraging this technology, the payment experience was accelerated, resulting in ten times more payments in just six years.

Government 52

Government Governance Reconciliation Automation 52

Core

JULY 12, 2023

In fact, 40% of digital wallet users who have multiple cards loaded into their digital wallets already practice changing their default card every couple of weeks. Consumers want a digital, mobile payment experience Consumers are ready for a digital payment experience. More than 80% of U.S.

Payments 52

Payments Mobile Payments Payments Strategy Best Practices 52

PYMNTS

MARCH 14, 2018

Large-scale digital payments initiatives can offer instruction into the boons and challenges tied to boosting financial inclusion and bringing financial services into the 21st century. He noted that 39 million of the Thai population of 60 million have registered for PromptPay, with 127 million real-time payments processed so far.

Financial Inclusion 48

Financial Inclusion Real Time Payments Mobile Banking Federal Reserve 48

PYMNTS

JUNE 2, 2020

While individuals can typically file claims and check the status of payments online, some requests for new passwords are being sent through — you guessed it — the U.S. Add it all up and the stage may be set then for more modern ways to get government payments to recipients, chiefly through digital means.

Checks 53

Checks Federal Reserve Governance Government 53

PYMNTS

DECEMBER 12, 2019

regulatory landscape, and how it arguably hinders real-time payments adoption, is that the government itself stands to benefit from faster payments capabilities. What’s especially noteworthy in the current U.S. From Implementation to Integration .

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

Core

JUNE 21, 2023

Convenient and modern payment processes are a critical focus for government agencies, and providing efficient digital payment solutions to citizens is only the beginning. And that puts a big burden on the people working for all of the different government entities.” Three takeaways from the discussion: 1.

Governance 52

Governance Government Online and Mobile Banking Enrollments 52

PYMNTS

MAY 11, 2020

Solving these problems requires innovating government payments from the ground up to incorporate more instant disbursement options that can help businesses and consumers struggling to stay afloat,” the report states. That’s the kind of flexibility payees require now, although much remains unclear in early May.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

Stax

JUNE 27, 2024

According to a 2023 study by Forrester , 69% of online adults in the US said they’d used electronic payments at least once in the past three months. Brainy Insights valued the digital payments market at $102.60 In fact, many suppliers and merchants may prefer this mode of payment due to some benefits we’ll look at in a while.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Core

SEPTEMBER 15, 2023

By offering kiosk payment options, governments can divert a significant portion of transactions away from counters to minimize wait times and alleviate congestion. Offline Accessibility Though digitized payment solutions are on the rise, some individuals may not have access to internet-driven payment options.

Governance 52

Governance Government Transactions Security 52

Stax

SEPTEMBER 17, 2024

ACH transfer is used for various purposes, such as payroll, paycheck direct deposits, recurring and one-time bill payments, Business-to-business (B2B) payments, direct deposit of tax refunds or government payments, Buy now pay later (BPNL), and person-to-person (P2P) payments such as PayPal , Cash App, Zelle, and Venmo.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

The Payments Association

MAY 16, 2025

The regulatory framework governing payments continues to expand in scope, with increasing implications for merchants operating in the UK and EU.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Payments Source

JANUARY 12, 2021

The original coronavirus stimulus program in 2020 stumbled out of the gate, delaying payments for months and exposing America's lack of universal access to the financial system. With round two, it's the digital rails that are sputtering early on.

Origination 87

Origination Payments Government Payments Governance 87

PYMNTS

MAY 5, 2017

New solutions like Ingo Money’s Instant Payments platform and NACHA’s Same Day ACH initiative are offering corporations digital alternatives to paper checks for funds disbursement. Push payments in particular deliver instant, safe-to-spend funds directly into a consumer’s account. Time to Write Off the Paper Check?

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

OCTOBER 25, 2019

For the foreseeable future, collaboration and Open Banking will be among the main factors that Payments NZ and other payments-oriented businesses and professionals will be working on in New Zealand, hoping that at least some of their innovations will find an audience outside the country.

FinTech 44

FinTech API Innovation Consumer 44

CB Insights

DECEMBER 4, 2019

Payments made with Amazon Pay spiked following service expansion to new geographies — France, Italy, and Spain — and to new verticals, including government payments, travel, insurance, entertainment, and charitable donations. At the time, Amazon also announced it would inject more capital in its Indian digital payment business.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Fintech Labs Insights

OCTOBER 3, 2016

Won Best Corporate/Government Payments Programme at Emerging Payments Awards. Connected digital payments hub with Finovate alum Klarna’s checkout solution. Added a pair of VPs: Tomas Likar (Strategy and Business Development) and Daniel Berardo (People). Launched loyalty program for independent workers.

Payment APIs and Integration 18

Payment APIs and Integration Online and Mobile Banking Due Diligence Multi-Currency 18

Fintech News

FEBRUARY 11, 2025

Fintech applications such as HelaPay and iPay are also integrated, expanding digital payment options. The initiative seeks to streamline financial transactions, reduce cash handling, and enhance cybersecurity while improving efficiency and minimising fraud risks in government payments.

Government Payments 94

Government Payments Governance Government Central Bank 94