PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new regulations.

Real Time Payments 77

Real Time Payments Faster Payments Fraud Detection Payments 77

PYMNTS

NOVEMBER 26, 2020

HSBC has launched its new HSBC Open Payments solution, which will enable companies to install alternatives to debit or credit for customers to pay for things, according to an emailed press release. The faster payment receipt is meant to help clients get better working capital, the press release said. 25 statement.

Irrevocability 91

Irrevocability Online and Mobile Banking Payments NOV 91

PYMNTS

SEPTEMBER 2, 2019

Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. Faster Payments. APIs and Data Integration.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

NOVEMBER 25, 2020

Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. Around The Real-Time Payments Space. Paychex On Meeting Faster Payments Expectations With Real-Time Payroll Solutions.

Payroll 104

Payroll Real Time Payments P2P Zelle 104

Stax

MAY 23, 2025

That opens the door to revenue streams like: Payment processing fees Earn a share of every transaction processed through your platform. Subscription upgrades Unlock premium features tied to payment tools that drive more value for users. All of these can help you grow your bottom line without adding new customers.

ISVS 88

ISVS Best Practices Payment APIs and Integration Enrollments 88

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

AUGUST 8, 2019

Commercial and virtual cards, meanwhile, support faster payments to vendors while enabling payers to retain their capital for longer, too, as well as the opportunity for rebates and rewards. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

JANUARY 17, 2017

“A steep increase in the number and variety of endpoints, an expanding number of consumer devices and payment apps, the rising expectation of ‘always-on’ availability and increased levels of regulatory scrutiny have all contributed to that fact.”. The old type of annual processing and testing isn’t effective anymore.”.

ISO 8583 49

ISO 8583 ISO 20022 ISOs Faster Payments 49

PYMNTS

APRIL 5, 2018

The tax preparation industry is catching on, however, and several players — like H&R Block — are now offering instant payment solutions. For the inaugural Smarter Payments Tracker, PYMNTS’ Karen Webster recently caught up with Jim Koger, vice president of corporate operations for H&R Block.

Payments Tools 40

Payments Tools Tax Refunds Direct Deposit Blocks 40

PYMNTS

NOVEMBER 3, 2016

Bank Senior Vice President of Corporate Payments Robert Kaufman, is that there are so many versions of these accounting platforms and so many ways to customize them that ensuring B2B payments tools integrate properly isn’t a sure bet.

Payments Data 73

Payments Data Payments Commercial Card Reconciliation 73

PYMNTS

DECEMBER 22, 2020

Technologies and payment solutions are finding the opportunity to multitask with solutions that, while initially focused on the corporate buyer, have now expanded to tackle friction for the supplier as well. Commercial cards are valuable payment tools to corporate buyers and their accounts payable departments.

Commercial Card 79

Commercial Card B2B Legal Accounts 79

PYMNTS

APRIL 20, 2018

SwapsTech has completed the development of its faster payments solution to help financial institutions link into real-time payment capabilities. The company announced news on Thursday (April 19) that its Payment Galaxy tool is one step closer to being available for banks.

Real Time Payments 40

Real Time Payments TCH RTP FedWire 40

PYMNTS

OCTOBER 11, 2017

ACI Worldwide has unleashed its real-time payment solution for financial institutions (FIs). Competition from startup companies offering real-time payments — combined with a rising number of domestic and global payment gateway connections — has led to a convergence of the retail and transaction banking world.”.

Real Time Payments 40

Real Time Payments Real Time Gross Settlement (RTGS) Payments Payment Gateways 40

PYMNTS

MARCH 1, 2017

Developments in full-service payment solutions are changing the way companies conduct business by offering faster payment tools for both consumers and merchants. In various markets around the world, new solutions like mobile and contactless payments are starting to become more widely available.

EMV 43

EMV Compliance Online and Mobile Banking Mobile Payments 43

PYMNTS

JANUARY 21, 2020

banks like JPMorgan Chase are making further innovations in the disbursements space, with its recent partnership with payments processing firm Workiz to give its Chase cardholders access to faster payments. The Instant Payment Ubiquity Challenge.

Online and Mobile Banking 67

Online and Mobile Banking Instant Payments Checks Payee 67

PYMNTS

JUNE 16, 2016

Doing so enables corporate users of PowertoPay to gain access to SWIFT’s global interbank connectivity; according to PowertoPay, the integration means businesses can access more than 11,000 financial institutions throughout the planet to carry out their payment needs. ” Payments Security. That’s hardly likely.

Security 43

Security SWIFT B2B Faster Payments 43

PYMNTS

SEPTEMBER 10, 2019

The answer is complex because B2B payment solutions must be multifaceted and flexible enough to meet an array of needs. Speaking with Karen Webster just ahead of the launch of Visa B2B Connect earlier this summer, Phalen noted the functionality under the hood of B2B payment tools is just as important as what lies on the surface. “Our

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

MAY 3, 2019

A 2016 report from HSBC found that a “lack of international business experience and knowledge” held small business owners back from global expansion and, therefore, from the adoption of global payment solutions. “I think the speed of payment is incredibly important,” he said.

Global Payments 60

Global Payments Cross-Border Payments Cross-Border Small Business 60

PYMNTS

APRIL 4, 2018

And as this technology has become more commonplace in financial services, the old ways of payments – like waiting until a scheduled payday to receive earnings – are becoming less and less common. In their place has risen a new system of exchanging funds that have made payments faster, more efficient, more secure and, above all, smarter.

Tax Refunds 40

Tax Refunds Blocks Payment APIs and Integration Faster Payments 40

PYMNTS

DECEMBER 3, 2019

The expansion of traditionally consumer-focused FinTechs widening their solution scope to include B2B payments tools exemplifies just how massive the opportunity is for service providers to tackle friction. The Faster Payment Demand.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Blockchain 53

PYMNTS

SEPTEMBER 23, 2019

As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments. Indeed, 55 percent of corporate professionals say real-time payments is their top B2B payments service priority, PYMNTS and American Express note in their latest Securing B2B Payments Report.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

JUNE 15, 2018

Electronic payment technologies may be more expensive to suppliers, but for more streamlined reconciliation, that extra cost is often worth the value. “Sellers want to push some new payment tools to their buyers because it’s going to be more efficient, quicker, more secure,” he said.

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

PYMNTS

FEBRUARY 29, 2016

is definitely a curiosity,” the executive said of digital payments tools gaining traction within the enterprise. “We 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.”.

Innovation 41

Innovation FinTech Faster Payments End User 41

PYMNTS

APRIL 15, 2016

When the results were published, ACI Worldwide Director of Solution Consulting and Immediate Payments Barry Kislingbury said the findings represent a “great opportunity for banks working with these businesses to demonstrate the value of their real-time payments offering.”.

Faster Payments 40

Faster Payments Payments Checks Small Business 40

PYMNTS

JANUARY 15, 2018

Use of faster payments technologies, too, remains limited in the B2B sphere. Separate data from NACHA found that of the 2 million same-day ACH transactions completed in the first 11 days of the service, just 6 percent were B2B payments; the rest were made up of B2C and P2P transactions.

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

OCTOBER 31, 2019

In the flurry of payments innovation, it can be difficult to remember that legacy tools remain commonplace, especially in corporate payments. It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

JUNE 12, 2017

Analysts said they expect use of check to pay suppliers will decrease as companies deploy more efficient, electronic payment tools. “At Suppliers could be crucial to promoting faster payments, too: More than a third of vendors said they would be willing to accept a fee or extend a discount program if it meant they would get paid early.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

JUNE 3, 2020

Digital technologies that can be quickly developed and integrated into banks’ platforms, particularly those that enable faster payments, will therefore be critical. Consumers’ familiarity with online and mobile tools indicates they are thinking differently about banking than they did in past decades. Forty-five percent of U.S.

Online and Mobile Banking 52

Online and Mobile Banking Contactless Payments Mobile Banking Volume 52

Stax

MARCH 19, 2024

Business owners are increasingly showing an overwhelming preference for SaaS platforms with embedded payment capabilities as part of their offerings. Manual payment processing and disconnected software and payment solutions are dying out, and research by Sifted shows that the integrated financial services market will grow to $3.6

Payment APIs and Integration 88

Payment APIs and Integration Payments Embedded Payments Online and Mobile Banking 88