Remove Emerging Payments Remove Payment Networks Remove RTP
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Payment Rails Search For Harmony In B2B Payments

PYMNTS

Reports in The Japan News said that MUFG and Recruit are collaborating on a possible digital currency with the potential to facilitate B2B payments, and with plans to launch their joint venture in the first half of next year. Credit Unions Embrace RTP. Profituity Aims To Elevate ACH. Credit Unions Mix Blockchain With Existing Rails.

B2B
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How Open Banking Drives Real-Time Payments Traction

PYMNTS

Use-cases for real-time payment capabilities continue to grow for consumers, small businesses and corporates, while the open banking business model is proliferating beyond the ability for FinTechs to loop into their customers’ bank account data, and into new opportunities like enhanced small business loan underwriting and automated accounting.

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Walmart Taps Fiserv to Offer Pay by Bank

Finovate

Bloomberg unveiled this week that, while the retailer has offered pay-by-bank via Walmart Pay for a few months now, the payments were routed through ACH payment rails and still took days to clear. Leveraging Fiserv to power real time payments is an important move for Walmart as it enters the pay-by-bank game.

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FPC 2023 Fall Member Meeting

Faster Payments Council

MEETING AGENDA Tuesday, September 26 10:00am-12:30pmCT: Registration/Check-In (Foyer) 12:30pm-12:40pmCT: Opening Remarks (Foundry Ballroom) Speakers: Michael Bilski, FPC Board Chairperson; Reed Luhtanen, FPC Executive Director 12:45pm-1:25pmCT: Panel Session – What Commerce Experience Do We Want in Faster Payments?

FPC
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How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

The emergence of faster payment networks is elevating the importance of AR functionality even more. He did note, however, that he is “very optimistic” about the emergence of new payment services able to move remittance data along with funds.

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How Amex determines what makes or breaks a payment method and how it chooses the right payment tech 

Tearsheet

A great example of this comes from India, which used to rely primarily on cash up until recently, but a government-led push into digital payments is helping those who operated in the informal economy to build transactional histories and receive payments more securely.