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

PYMNTS

MARCH 31, 2020

No one payment rail can solve every point of friction in B2B payments. Instead, new research suggests embracing multiple rails can drive revenue. Mixing Payment Rails Drives SMB Revenue. Faster Payments Council Names New Leadership. Crypto.com Enables Crypto Invoice Payments.

B2B

PYMNTS

OCTOBER 10, 2019

“With push payments, the consumer is always in control of a transaction,” LaFleche said. Pull Payment Trends. Fresh PYMNTS research has dug into the issue. Common forms of pull payments, meanwhile, include debit cards and paper checks. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Real Time Payments

PYMNTS

OCTOBER 24, 2016

has taken some of the most high-profile actions to combat late B2B payments, but it’s a global problem, as the latest research reveals. PYMNTS explores newly released data from across Europe, Asia-Pacific and Africa that uncovers how SMEs and suppliers manage their cash flow amid chronic late payers. 85% of the $2.6

Payments

PYMNTS

JANUARY 28, 2020

’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. 1, a move that could encourage broader use of RTP in the B2B payments arena. The Clearing House Expands RTP Opportunity.

Same Day ACH

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

Fed

PYMNTS

NOVEMBER 5, 2018

As NACHA expands Same Day ACH functionality, it’s unclear how small and medium-sized businesses (SMBs) will embrace the faster payment capability. New data has emerged about how SMBs use other payment rails , including cards and wire transfers. today, but it’s not the only one. NACHA said 43.2

Small Business

PYMNTS

OCTOBER 18, 2016

But automation in accounts receivable — including invoice generation and payment acceptance — is key to cost management, research says. That means faster payments for billers and more up-to-date bookkeeping for payers, too. The cost of preparing an invoice to send out to a client can be as high as $11.50

Accounts

PYMNTS

APRIL 22, 2020

The connectivity between AR and AP technologies is key to ensuring that accounts receivable professionals are able to efficiently deliver the invoices they generate via Billtrust for faster payment without the need to manually key in billing data.

Payment APIs and Integration

PYMNTS

AUGUST 15, 2018

The finding suggests a shift in the market, with corporates unsure or unconvinced of how faster payments capabilities might affect their operations. Still, the research suggests the commercial payments industry is certainly paying attention to real-time payments. Corporates’ Other Needs.

Real Time Payments

PYMNTS

APRIL 2, 2019

Most modern bills (73 percent) are paid directly to the biller, according to recent research , while the rest are reconciled by bank bill pay (BBP). BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts.

Real Time Payments

PYMNTS

AUGUST 1, 2019

As the Tracker notes, the European Commission and European Central Bank are currently collaborating to develop an interoperable payments network to facilitate transactions around the European Union — across borders, and in real time. Across the pond, meanwhile, the U.S.’s

Interoperability

PYMNTS

NOVEMBER 20, 2019

healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients. billion in unpaid medical expenses each year, according to PYMNTS’ research. .

Real Time Payments

PYMNTS

FEBRUARY 19, 2018

Faster payment schemes are beginning to take root around the globe, and consumer payments are ready to embrace speed. Corporate payments? That, of course, is bad news for suppliers, especially small businesses (SMBs) that struggle with delayed and late payments that interrupt a healthy cash flow.

Payment APIs and Integration

FICO

JULY 23, 2018

While PSPs don’t need to report ‘payer acting fraudulently’ — also known as first-party fraud — they are required to report fraud that involves ‘manipulation of the payer,’ in other words authorised push-payment fraud. A further layer of complexity is added when real-time payment schemes are considered.

Authentication

PYMNTS

JANUARY 15, 2018

Adoption of electronic payments seems buoyed at about 50 percent, according to research. Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third.

B2B

PYMNTS

NOVEMBER 13, 2020

Real-time payments (RTP) methods aren’t much use if few people understand what they are, where to find them and how to use them. PYMNTS’ research reveals that a fair share of consumers do not fully understand what real-time payments are or which payment methods support real-time transfers. A surprising 36.2

Real Time Payments

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

Cross-Border Payments

Nanonets

SEPTEMBER 21, 2023

This paperless process has revolutionized the payment industry, replacing paper checks and manual processing with automation and electronic transfer of funds. By implementing  EDI payment solutions , your business can enjoy a range of benefits, from faster payment processing times to reduced error rates and improved cash flow management.

Payment Solutions

PYMNTS

JANUARY 3, 2020

The instant payments revolution was driven by the convergence of two factors: the proliferation of gig economy workers after the Great Recession and FinTech creativity. That will play out as optionality, and payers are starting to think about what those options will be. If offered the choice.”

Instant Payments

PYMNTS

FEBRUARY 29, 2016

and other markets, and it’s entirely different; they’ve gone much faster towards faster payments and towards ePayments, and it’s been spurred directly by government action.”. Bottomline processes a “substantial amount” of the payments going through the U.K.’s s Bacs and Faster Payments systems, for example.

Innovation

PYMNTS

JUNE 2, 2020

Consumers will likely be receptive to faster payment methods if their interactions with other services are any indication. PYMNTS research found that 51.6 Slow approval is not the only problem, either. Patients must also often wait for their funds to arrive in the mail. percent onto debit cards, 10.8 percent via prepaid cards.

Real Time Payments

PYMNTS

MARCH 2, 2016

“We are focused both on the seller side, who we make revenue from, and the buyer side, who we are providing a free service to,” Harrison explained, adding that while Invoice Central’s clients are on the AR side of transactions, the company spends time and resources researching the buy side of the deal. Faster ACH Onboarding.

Commercial Card

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. trillion by 2021 — the business-to-business payments market is primed for disruption. This is particularly true as payments accelerate. market will grow from $889 billion by the end of 2017 to $1.2

B2C

PYMNTS

FEBRUARY 7, 2018

Research released last month from BlackLine found nearly half (46 percent) of finance professionals are already using AI in the workplace, and most say accounts receivable (AR) and accounts payable (AP) will see the largest disruptions from the technology. s late payments fight — a pressing issue in other markets as well.

AI

PYMNTS

MARCH 7, 2016

The problem means small business owners are spending valuable time chasing down outstanding invoices; researchers found that these professionals use 12 days a year to do so. Late payments can be a problem for any business,” Urry added. On average, SMEs in the country are owed an average of about $9,800.

B2G

PYMNTS

MARCH 14, 2018

The solution is an effort to make B2B payments more efficient for both ends: Suppliers get paid more quickly, while buyers can still enjoy longer payment terms without forcing their suppliers to wait. “What is your cash flow? What is your working capital?

B2B

PYMNTS

OCTOBER 22, 2019

This month’s Deep Dive explores the frictions currently afflicting the B2B cross-border payments and P2P remittances spaces, as well as the solutions being developed to accelerate transactions and reduce pain points. International B2B Payments Pains. Remittances from Filipinos totaled $2.8

Cross-Border Payments

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. According to the IRS, filers are already a mostly digital bunch.

Tax Refunds

The Fintech Times

MARCH 20, 2025

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

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