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Orum , which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S. customers real-time1 fund transfers to and from bank accounts via debit card with its Deliver API solution, powered by Visa Direct.
Payment and financial solutions provider Finzly announced this week that Live Oak Bank has enhanced its commercial and small business banking services by implementing Finzly’s Fedwire solution. It is the main network in the US used by businesses and government agencies for large and/or time-critical payments.
New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments.
For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. Faster Payments. Elevating the Commercial Card.
“This will also allow us to share experiences and information related to FinTech … and reap the benefits of the new innovation in financial technology, enhance payment systems and promote financial inclusion,” said National Bank of Singapore Deputy Governor Neav Chanthana of the partnership. The Fed And FinTech Firms.
In today’s top news, the FederalReserve and Treasury Department are collaborating to develop a new facility to help small- to medium-sized businesses (SMBs) stay afloat during the coronavirus, and the Paycheck Protection Program (PPP) is experiencing setbacks due to technical issues and demand. points in March, coming in at 96.4,
In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the FederalReserve Board has modified the terms of its Main Street Lending Program (MSLP). Fed Adjusts Main Street Lending Terms to Help Small Businesses.
Google sent a letter to the FederalReserve , asking the U.S. central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. A recent Assocham -PWC study has indicated that digital payments in India will grow to $135.2
Demand for real-time payments is on the rise around the globe, and financial, tech and retail players are angling for a chance to more easily leverage them. But companies aren’t just looking to use APIs to transfer money domestically. Around the B2B API World. Cross-Border Payments’ Pre-Validation Push. Meanwhile, U.K.-based
The Fall Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. Foundry Ballroom) Payment networks need volume to scale and keep costs low.
From guidelines to execution Turning regulatory intent into real-world execution means addressing infrastructure and integration challenges head-on. Banks must examine whether their current systems can ingest, normalise, and act upon real-time payment, settlement, and liquidity data. Many can’t. Or at least not yet.
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into treasury application programming interfaces (APIs) and buy now, pay later (BNPL), as well as a report on Robinhood ’s trading app outage that occurred earlier this week.
Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. 12) that it has secured a contract with Cámara de Compensación Electrónica (CCE), the automated clearing house in Peru, to help transform payments infrastructure in that country.
Banks handle sensitive customer data that cannot be simply fed into public AI models without safeguards. regulators (like the OCC and FederalReserve) increased scrutiny on banks’ use of AI, urging robust governance. Data privacy is also a concern. In 2024, U.S.
Adoption of real-time payments in the U.S. The assumption, of course, is that faster payment functionality only has a place in the peer-to-peer payments arena. ’s Faster Payments Scheme via their Real Time Payments Express Service, acknowledges the opportunity that faster and real-time payments have in the corporate realm.
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into real-time payments and news on Visa ‘s FinTech play with Plaid and insight into buy now, pay later (BNPL). FinTech Play, Wrapped In Plaid. New Data: 85 Pct.
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. Integration.
Payments regulation roadmap: Q2 2025 14 April 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is the roadmap about? It provides a structured view of the regulatory developments set to shape the payments sector from Q2 2025 onwardsacross the UK, EU, and international markets. Why is it important?
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