PYMNTS

NOVEMBER 24, 2020

Embracing automation and digital payments can help unlock spend and can also improve working capital management with the increased visibility that comes with modernization. In a typical funds transfer, payments are irrevocable, and compromised purchasing cards can represent a huge area of exposure for a corporate buyer.

Commercial Card 72

Commercial Card Accounts Cross-Border Payments Cross-Border 72

PYMNTS

FEBRUARY 11, 2019

based digital payments network that has gained traction among individual customers and, of course, a growing list of participating U.S. The flip side, as Webster added, is that when payments are done instantly and on demand, they are irrevocable. We’re not at the end; we’re [toward] the beginning.

Faster Payments 78

Faster Payments Same Day ACH Real Time Payments Payments 78

PYMNTS

JANUARY 3, 2020

These include advanced data security and new state and federal regulations governing payout mechanisms – to say nothing of the irrevocable nature of instant payments. You can’t pull them back. Perhaps the best thing is the trackability of instant, a big departure from the paper past.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

JULY 22, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Julie Negrete-Anderson , founder and chief operating officer, OnPay Solutions. Recent events have irrevocably changed the way finance departments operate, bringing to light glaring issues with the current processes.

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Automation Accounts Irrevocability Checks 60

Nanonets

SEPTEMBER 1, 2023

Companies still rely on traditional paper checks to pay vendors, which means they grapple with various challenges, such as manual processes, difficulty tracking payments, and high check-related fees. The preference for online payments has surged, accelerated by the COVID-19 pandemic, prompting vendors to opt for digital transactions.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

The Fintech Times

JULY 24, 2024

While each of the aforementioned countries has advanced their digital payment infrastructures, the US has lagged behind. In fact, in 2023 , real-time payments only made up one per cent of all payments in the country. What is actually popular?

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

OCTOBER 8, 2019

That’s particularly true when funds are truly instant — meaning they are irrevocable. However, enablers of instant money assume the risk between the time when they make funds available and when settlement happens later.”.

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49

PYMNTS

JULY 25, 2018

It can help firms establish a hierarchy of urgency, funneling transactions with an eye on destination, payment type and timing. The context helps to satisfy the numerous factors or considerations that go into any corporate payment, said Jacobs. The payment needs to be irrevocable.

Payment APIs and Integration 41

Payment APIs and Integration Wires Wire Real Time Payments 41

PYMNTS

NOVEMBER 19, 2019

It’s about flipping many switches — or working with a partner like Ingo that essentially flips all the switches at once, enabling consumers to not only choose an instant payment, but to choose the one they want. On top of all that, there are also security concerns, because instant payments are also irrevocable.

Instant Payments 43

Instant Payments Online and Mobile Banking Remote Deposit Capture Push-to-Card 43

PYMNTS

OCTOBER 16, 2017

Bitcoin’s innovation — anonymity and irrevocability — have taken the friction out of crime. That means that no one actually knows how much money has been lost to hacking, but the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable.

Cryptocurrency 71

Cryptocurrency Bitcoin Near Real-Time Use Case 71