Fintech Finance

FEBRUARY 27, 2025

Dock and Credibanco have joined forces to support Bre-B, a new instant payments tool launched by Colombia’s Banco de la República to transform the Colombian payment system. Security, a key component in instant payments, is another fundamental pillar of Credibanco’s offering.

Instant Payments

PYMNTS

OCTOBER 25, 2016

The Zelle instant payments network will start appearing as a mobile and digital payments option for consumers in a move that Reuters reported comes as financial firms in the United States make a bid to compete with Venmo and others firms. The payments tool, said Reuters, can be used to split bills among several individuals.

Zelle

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years.

Instant Payments

PYMNTS

OCTOBER 30, 2018

The Italian operation of Crédit Agricole has introduced its instant payment functionality for current account users via a partnership with SIA, the FI said in an announcement on Monday (Oct. According to reports, the platform also enables banks to link into RT1 and TIPS , expected to roll out by the end of the year. .

Instant Payments

PYMNTS

JANUARY 24, 2020

This is an even more complicated issue for state and local governments, as they must ensure that payments are headed to the right destinations, while also complying with regulations. states are currently searching for ways to untangle those complications, and upgrade their electronic disbursement and payment tools.

Instant Payments

PYMNTS

OCTOBER 30, 2020

Businesses are facing an economic environment in which fast disbursements of vendor payments and employee payroll are increasingly important, and they will need to carefully select the payment tools that can help them tackle this need.

Faster Payments

PYMNTS

NOVEMBER 25, 2020

However, businesses need to change their systems and practices before they can take advantage of more modern payment tools. The November CFO’s Guide To Digitizing B2B Payments explores how businesses are navigating these technology adoptions and finding secure, cost-effective ways to upgrade their B2B transactions.

API

PYMNTS

JANUARY 20, 2017

The update is the latest since last September, when EBA Clearing announced that the number of financial institutions joining its real-time payment service had nearly doubled since five months prior, when it first revealed the project.

Real Time Payments

PYMNTS

JANUARY 21, 2020

The Instant Payment Ubiquity Challenge. Digital disbursements and payment solutions have certainly grown over the past decade, with more industries relying on online tools to send money as quickly as possible. To learn more about some of the challenges instant payments are facing, visit the Tracker’s Deep Dive.

Online and Mobile Banking

PYMNTS

JUNE 21, 2018

percent) named direct deposit as their preferred disbursement method for recurring payments, with instant payments coming in as the second most popular method (22.4 percent drop in consumers’ satisfaction, direct deposit remained the most popular disbursement method for receiving recurring payments.

Electronic Funds Transfer (EFT)

PYMNTS

AUGUST 31, 2020

“Payors know this but greatly underestimate how much payees value instant payments.”. It wasn’t brand-name banks that took instant payments to the next level, and they haven’t exactly been leading the way when it comes to modernizing disbursements. Overcoming Flawed Perceptions.

Payee

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. That wait can feel like an eternity to those planning to use refunds to pay off bills or splurge on a vacation or big screen TV.

Payments Tools

PYMNTS

NOVEMBER 1, 2018

Separately, Crédit Agricole ’s Italian operations brought instant payments to current account activity through partnership with SIA. The faster payments tool will allow businesses to make payments of up to €15,000 ($17,058 USD) no matter the time of day. The service went live in Hong Kong last month.

Real Time Payments

PYMNTS

JUNE 2, 2020

The agency is seeing complaints from consumers who claim they are unable to see the status of their stimulus payments on the IRS’ website, with some stating they cannot find out if their money is on its way using the agency’s Get My Payment Tool.

IRS

PYMNTS

DECEMBER 27, 2019

Instant Payments . By the numbers, it is hard to deny in the closing days of 2019 that instant payments, as observed by the PYMNTS Instant Payments Tracker , have hit their stride and are no longer a P2P payments tool for gig economy workers. Here are four on that list. Two things.

Instant Payments

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

The Paypers

JUNE 17, 2019

(The Paypers) US-based fintech Acquired.com has added API-driven Faster Payments tool that allows businesses to make instant payments to customers and accounts payable.

Faster Payments

PYMNTS

NOVEMBER 10, 2020

The new payments tool is now available for deposits and withdrawals on BetMGM's cashier. ACH comprises about 35 percent of gaming industry payment volume, the release said, topping $150 billion for sports betting alone. . "Plaid's optimized user interface and U.S.

ACH

Finovate

OCTOBER 21, 2024

Mastercard launched Move Commercial Payments , a real-time cross-border payments solution that operates 24/7. The new commercial payments tool leverages a multi-rail system that includes SWIFT, Visa Direct, and Mastercard’s proprietary networks. Photo by Lea L on Unsplash

Cross-Border Payments

PYMNTS

OCTOBER 21, 2016

” Dion announced earlier this month the launch of its own real-time payments tool, the Real Time Payment Engine , which banks can implement to support real-time payment processing that aligns with EU regulation. ” That waiting period has a time limit on it, however, with EU member states having until Jan.

Real Time Payments

PYMNTS

JULY 9, 2020

With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods. ” AeroPay Elevates The Bank Transfer. Steamchain Lands Investment For Blockchain Tech.

ISO 20022

PYMNTS

JULY 7, 2020

. “However, it is strange that in terms of payments, not much has been done in the last few years since the appearance of the virtual credit card.” Transaction speed is particularly important for this space as vendors need access to funds as quickly as possible.

B2B

PYMNTS

JANUARY 9, 2019

Faster payments, for instance, can make it more difficult to detect that fraud has occurred, BioCatch said, particularly in instances of cross-border corporate payments. “With instant payments, fraudsters can not only move funds from legitimate users to themselves quickly, [but] they can divert them just as fast.

Faster Payments

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. Around the world, B2B transfers are expected to reach a $218 trillion valuation in the next three years alone.

Cross-Border

PYMNTS

NOVEMBER 9, 2020

In this month’s Deep Dive, PYMNTS examines why figuring out ways to keep these consumers engaged is critical and could mean adopting new tools, such as mobile devices to help bring disbursements or payments to the financially disenfranchised with the necessary speed.

On-Demand

PYMNTS

APRIL 9, 2020

The need for faster disbursements during this time could thus have a dramatic effect on the rate of digital and mobile payment tool uptake. This is something that is noticeably difficult when many of these entities in the United States, for instance, still rely on checks as the go-to disbursements default.

Checks

PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Faster Payments

PYMNTS

MAY 5, 2017

Several players in the payments space have recognized this urgent need for choice and speed and are stepping up to help companies offer this capability. New solutions like Ingo Money’s Instant Payments platform and NACHA’s Same Day ACH initiative are offering corporations digital alternatives to paper checks for funds disbursement.

Checks

PYMNTS

AUGUST 10, 2016

Payments tech firm NetCents revealed a new partnership with The Vanbex Group , owners of blockchain payments tool Genisys, to help banks in Canada implement the distributed ledger technology. It’s already happening, said Clayton Moore, CEO and cofounder of NetCents, especially when it comes to ACH payments.

ACH

PYMNTS

APRIL 15, 2016

The culprit behind the lag time for a transaction to show up on a bank statement, he said, has to do with the array of payment tools that small businesses are using, each with their own journey within the banking system. Only then can financial institutions achieve near-instant payments for their customers.

Faster Payments

PYMNTS

OCTOBER 29, 2020

Deep Dive: How Payment Apps And Real-Time Rails Are Accelerating B2B, P2P Transactions. Consumers and businesses alike are generating demand for swift, digital payment tools during the pandemic. Download the Report to read the full story.

Faster Payments

PYMNTS

JANUARY 23, 2020

State agencies handle disbursements for property refunds, public programs, taxes and more, and many are still clinging to paper checks as part of their processes, even as they adopt ACH or direct debit payments. Digital methods have obvious benefits, but many departments plan to continue supporting check payouts for the foreseeable future.

Checks