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B2B FinTechs Get Creative With Open Banking Use Cases

PYMNTS

Enterprise resource planning (ERP) technology provider Acumatica is embracing bank connectivity with the launch of its newest offering, Acumatica Advanced Expense Management and Electronic Bank Feeds.

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Kuwait’s Real-Time Payment Scheme WAMD Surpasses 1 Million Accounts in First Year

Fintech Finance

The rising demand for real-time payments drives innovation in payments, forges new use cases that stimulate economic growth, promotes financial inclusion, and meets customers’ evolving expectations,” commented Craig Ramsey, global head of account-to-account payments at ACI Worldwide.

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How Payments-As-A-Service Can Modernize Banks' Payment Processes

PYMNTS

We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said. McGill noted that payment schemes such as SEPA are marked by evolving rule schemes, and a new rulebook is expected to come out in November — two years from now.

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One small step for man, one giant leap for payments in the quantum computing age

The Payments Association

We continued the evolution from cash to cards by around the 1950s with the Diners Club credit card, the 1970s brought the ATM, and the 80s and 90s (along with fantastic style choices, haircuts and music) saw electronic banking starting to make an appearance. But what if we could push AI use cases even further?

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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

On the other hand, ACH transfers always take two days at the very least but will typically show in the recipient’s account in three banking days. This is because different clearing houses, credit unions, and banks might be involved in the process.

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Death And Taxes: One Is Becoming Much More Digital

PYMNTS

Tax refunds and government assistance were the most common disbursement use cases, while store and brand incentives, credits and rebates were the next most popular.”. As of May 2018, over 85,297,000 million taxpayers have received faster federal tax refunds via direct bank deposits into bank accounts through electronic bank transfers.