PYMNTS

JUNE 3, 2020

As the report noted, “[online] bill payments currently made to providers and payers via automated clearing house (ACH), check and debit cards are particularly likely to be replaced by real-time methods by 2022.”. Pushing Past Paper.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

JANUARY 17, 2020

He added that solutions like Melio are able to support bank transfers or card payments on the buyer side, then push out bank deposits or paper check payments for vendors. Where Faster Payments Fits. Yet, there is one particular opportunity for faster payments to find its place in B2B transactions.

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

PYMNTS

OCTOBER 22, 2019

Bank introduced a new eBilling tool also designed both for billers and payers. Bank of America Optimizes Payment Choice. Bank of America Optimizes Payment Choice. Bank Targets Both Billers and Payers. But a closer look at the offering, announced last week, also reveals significant attention paid to the supplier.

Payer 40

Payer B2B Commercial Card Faster Payments 40

PYMNTS

NOVEMBER 3, 2020

Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

SEPTEMBER 24, 2019

The Septem ber Faster Payments Tracker explores new initiatives aimed at better serving SMBs’ payment needs as well as other key developments in the space. Around the Faster Payments World. The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system.

P2P 98

P2P Faster Payments Push-to-Card Point-of-Sale (POS) 98

PYMNTS

FEBRUARY 6, 2020

“The benefits of APIs for instant payments [are] huge,” said Charlotte Hausemer, vice president of innovation and product management for trade and treasury solutions at BNP Paribas. Faster payments rails] existed before. What we do with instant payments and APIs is offer 24/7 [access to those] services.

Faster Payments 64

Faster Payments API Payment APIs and Integration B2B 64

Fintech Finance

FEBRUARY 4, 2025

Financial institutions have increasingly adopted the RTP network to offer their customers a more transparent payment experience that delivers instant funds availability while providing payment confirmations to both the payer and the receiver.

RTP 59

RTP Volume Transactions Real Time Payments 59

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

PYMNTS

MARCH 20, 2018

Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech by Michele Bullock, assistant financial system governor of the Reserve Bank of Australia (RBA), suggests there is more to be done to address fraud risks. Europe and U.S. It led the U.K.

Faster Payments 46

Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

MARCH 1, 2019

Now, demand for faster payments options is taking off worldwide. It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions. trillion ($2.25

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53

PYMNTS

JUNE 12, 2017

“As more banks and bank accounts must be managed and new currencies and regulations come into play, the complexity faced by corporates with their payments operations grows.”. Payments Rails. ACH is the most preferred payment rail for corporate payers, according to Strategic Treasurer and Bottomline Technologies.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

MARCH 8, 2018

The world is quickly embracing faster payments technologies as more jurisdictions implement the technology required to accelerate transactions. Next in line is Hong Kong, which plans to roll out its own faster payments scheme later this year.

Faster Payments 43

Faster Payments Cross-Border Payer Authorization 43

PYMNTS

NOVEMBER 17, 2017

But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s s Faster Payments scheme , some are beginning to realize that, when it comes to corporate payers, real-time payments capabilities can offer more than speed. Take payroll, for example.

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

PYMNTS

NOVEMBER 14, 2019

Increasingly, the gold standard for payments is invisibility. Platforms and payment service providers are seeking digital, integrated payment experiences that are so seamless, neither the payee nor payer take much notice that a transaction has even occurred. Faster Payments Shift the Landscape.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

PYMNTS

OCTOBER 29, 2020

PNC Bank ’s treasury management division recently sought to provide an alternative by offering companies capabilities for suppling employees with prepaid debit cards and then pushing payroll over faster payment rails onto those tools. percent of payers said they offered them. percent of payers said they offered them.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

JULY 31, 2019

With NetNow, he said, Tipalti already has existing relationships with payers and payees and “a huge source of data” at the ready, enabling it to provide accounts payable and remittance services for clients.

Faster Payments 69

Faster Payments Payee Payments Underwriting 69

Neopay

MARCH 26, 2025

With over a quarter (27%) of respondents admitting they spend too much time managing payments, a significant proportion recogni se the benefits that automation can deliver in process improvement, chiefly highlighting faster payments (49%), reduced errors (34%) and time savings (25%).

Process 52

Process Push-to-Card Automation Payments 52

PYMNTS

FEBRUARY 9, 2017

For all the tools available across the construction trade, faster payments solutions are not among the most utilized by employers. So, what can an old-school industry do to innovate and speed up the process of payment exchange? The required lien waiver documents can complicate the payment process, he said.

Faster Payments 48

Faster Payments Payments NACHA Payment Solutions 48

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Common forms of pull payments include debit cards and paper checks.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

PYMNTS

OCTOBER 21, 2019

18), PNC announced its intelligent payment routing capabilities, which allows treasurers to generate a payment file and then have PNC automatically determine which payment channel should be used to execute the transaction. If not, the payment will then automatically be initiated via ACH. In a press release Friday (Oct.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

MARCH 9, 2020

Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Facilitating Uptake.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

NOVEMBER 23, 2016

But with federal officials now pressing for faster payments technologies to get off the ground, time is running out for the nay-sayers to be convinced. The firm has introduced real-time payments capabilities for its Bank Centric Payments platform, built for financial institutions. .”

Real Time Payments 73

Real Time Payments Payer Faster Payments Payments 73

PYMNTS

OCTOBER 24, 2016

One of the biggest areas facing skepticism with blockchain technology and B2B payments is the idea that corporates don’t need real-time payments, as would be provided by Visa B2B Connect. Ludwin argued that blockchain has a few steps up on other payment rails, like ACH. .

Blockchain 77

Blockchain B2B Real Time Payments Payer 77

PYMNTS

AUGUST 6, 2020

The solution, Pay Direct , allows corporates to more seamlessly accept online payments directly from the sender’s bank account using the U.K.’s ’s Faster Payments real-time payments system. Plaid, Galileo Boost ACH Efficiency.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Same Day ACH Liquidity Management 78

PYMNTS

MAY 2, 2019

Payment speed can be dragged down in many ways. For example, the payer company may have a convoluted invoice approval process to complete before it can compensate its small business (SMB) supplier. Faster Payments Deliver ‘Instant Gratification’ for India’s Migrant Workforce.

Faster Payments 40

Faster Payments Push-to-Card Payments Cross-Border 40

PYMNTS

NOVEMBER 25, 2020

One mode supported by Transcard’s new offering is RTP, a faster payment capability that, while quickly gaining traction, may not immediately seem like the right fit for B2B payers looking to hold onto capital as long as possible. Everybody calls RTP a faster payment.

B2B 116

B2B RTP Payments Real Time Payments 116

PYMNTS

JUNE 29, 2018

But the industry and its service providers must first address the issue of moving data quickly and efficiently before insurance companies embrace faster B2B payments, said Peters. ” Luckily, Peters said the market is at least on the path to improved B2B payments processes. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

NOVEMBER 7, 2018

The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient payment tools. Around The Smarter Payments World.

Electronic Funds Transfer (EFT) 63

Electronic Funds Transfer (EFT) Faster Payments Payments Governance 63

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. Speed will be key in several workflows of the B2B commerce experience.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Two in particular, he said, are technology and payer habits. “It’s

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

NOVEMBER 13, 2019

Faster payments continue to gain traction in the U.S., as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. In the U.S.,

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

OCTOBER 10, 2019

“With push payments, the consumer is always in control of a transaction,” LaFleche said. Pull Payment Trends. The September Faster Payments Tracker found that push payments are often viewed as more secure than pull payments, the latter of which give creditors access to sensitive bank account information.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. Just which payment rail they will migrate to, however, remains unclear. Deutsche Enables Faster Payments In Thailand.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

MARCH 31, 2020

Faster Payments Council Names New Leadership. Faster Payments Council has named Reed Luhtanen as its new executive director. “I’m excited about the opportunity to lead the FPC and further its commitment to advancing the path to a faster payments future in the United States,” he said in a statement.

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. percent, state that most of their non-government payments come through non-instant methods and take more than a day to receive. Yet, there it is.

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94