Payment Savvy

FEBRUARY 24, 2023

Real-time payments have revolutionized how we make financial transactions, providing unparalleled speed, convenience, and security. With real-time payments, money can be transferred almost instantly from one person to another, anywhere in the world.

Real Time Payments 98

Real Time Payments Payments Risk Cash Management 98

Stax

JULY 9, 2024

Traditional payment methods, such as mailing checks, can take several days to process, whereas EFT payments are swift and can be completed within minutes. EFT payments offer a high level of security compared to traditional payment methods. EFT payments are a cost-effective solution for both businesses and consumers.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Stax

MARCH 14, 2024

Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Industry data shows that the B2B payments landscape is rather diverse. TLDR B2B payments are payment transactions that occur between two businesses.

B2B 88

B2B Process B2C Credit Cards 88

Payment Savvy

MAY 15, 2023

FedNow will have robust encryption methods and other protective measures in place to make sure that hackers and other bad guys can’t get their hands on your personal details or financial information. Liquidity Management Transfers: This option is focused on managing the liquidity of a financial institution.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

Payment Savvy

SEPTEMBER 5, 2024

While it’s not instant like a wire transfer, it’s still much quicker than waiting for a check to clear. ACH deposits are usually cheaper than other methods like wire transfers or sending paper checks. One of the main security measures in place is encryption. First, let’s look at ACH deposits versus wire transfers.

ACH 52

ACH ACH Network Wire Transfer Direct Deposit 52

PYMNTS

JUNE 12, 2019

Faster and emerging payments systems are gaining traction, as nearly half of corporates are using or interested in using new payment services. Each payment type — even if looking at legacy payments systems — has its own set of associated risks, according to Cranston. Paper checks can be altered, signatures forged.

Accounts 62

Accounts Email Compromise Same Day ACH Compromise 62

EBizCharge

MAY 15, 2024

It acts as an intermediary between customers, merchants, and financial institutions, ensuring that sensitive payment information is transmitted securely and efficiently. Payment gateways encrypt sensitive payment data, such as credit card details, ensuring secure transmission.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52