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RT2: Renewed real-time gross settlement marks transformation for UK payment providers 9 June 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? RT2, the UK’s new Real Time Gross Settlement service, and its transformative impact on the payments ecosystem. Why is it important?
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions.
Finzly’s technology enables 100% straight-through processing (STP) and will help ensure the bank is compliant with upcoming ISO 20022 regulations. The deployment enables 100% straight-through processing (STP) and facilitates the bank’s compliance with upcoming ISO 20022 compliance requirements ahead of schedule.
As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.
Nium, a global payments infrastructure provider, announced that financial institutions can now connect to its real-time payments network using their existing Swift infrastructure. This eliminates the need for complex and costly APIintegrations, making cross-border payments faster and more affordable.
Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments. However, with its growing role comes increasing complexity, particularly in terms of integration, regulation, and the architecture of future payment flows.
On-Demand 230 registered Online Join this Webinar How is the macro-economic environment reshaping global trade and payment requirements? Currency diversification is accelerating; how are geo-political tensions and shifting trade flows reshaping global payment demands?
The new Borderless Banking offering is the next big Prometeo solution set to help firms make easier payments following Bank Account Validation offering announced in June 2024. The previous offering enabled LatAm businesses to connect with 100 per cent of US banks via one integration with a single provider and API.
Companies published sustainability reports to satisfy investors and regulators, but these reports stayed in annual documents and never touched daily payment systems. Banks and Fintechs now add sustainability scores to every payment. ESG reporting started as a voluntary effort. Anticipated Future of ESG-linked Instruments 1.
Runa Assures compliance, fraud, and security defenses are integrated throughout the entire payout transaction lifecycle, with no extra cost or action required for clients or recipients. Unlike other fraud and security models that focus on payment acceptance, weve designed a fraud and security engine specifically to protect payouts.
This connectivity is not just a technical necessity but a strategic imperative for seamless settlement, reconciliation and post-trade operations, enhanced transparency, and operational efficiency. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.
Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.
Nium , the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers.
Based on the European Central Bank’s revealed statistics for 2024, the total number of digital payments in the euro area in the first half of 2024 increased by 7.4% Is the industry prepared to handle the growth in digital-first payments, or will slow adopters be left scrambling to retrofit legacy infrastructures?
What is an ISO vs PayFac? Independent sales organizations (ISOs) and payment facilitators (PayFacs) play important intermediary roles in the payments ecosystem. For starters, ISOs function only as resellers. They are essentially mini-payment processors. What is an ISO?
Volante Technologies , the global leader in Payments as a Service (PaaS) , is proud to announce a strategic partnership with Standard Bank , Africa’s biggest bank by assets, to modernise payment infrastructure across the African continent.
The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). trillion by 2025.
In technology, and especially in payments, the competitive landscape is a heated one. To that point, McHugh told Webster, “The primary goal is to be the number one payments provider to [small businesses (SMBs)] in the United States.”. He noted TSYS is operating across a single settlement and back-end platform.
The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean.
Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. and cross-border payments. and cross-border payments. financial institutions.
Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”. The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”
In the intricate landscape of payment processing, merchants encounter a myriad of options, each playing a pivotal role in the facilitation of financial transactions. The Definition of a Payment Processor A payment processor is a financial service provider that facilitates transactions between a seller (merchant) and a customer.
How we pay for goods and services constantly evolves, from bartering to banknotes to modern times with digital wallets and embedded payments. Embedded payments represent the latest frontier of integrating financial transactions into everyday software. What are embedded payments?
In technology, and especially in payments, the competitive landscape is a heated one. To that point, McHugh told Webster, “The primary goal is to be the number one payments provider to [small businesses (SMB’s)] in the United States.”. He noted TSYS operating across a single settlement and back-end platform.
Dubai, UAE, April 10th, 2025, FinanceWire XDC Network continues to strengthen its ecosystem with the launch of XDC.Cash, a Next-Generation Crypto Payment Solution powered by Encryptus. This integration ensures competitive, near-interbank ratesespecially in frontier markets where traditional financial services often fall short.
The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant PaymentSettlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).
Amid the seismic changes that have refashioned the payments landscape over the last few years — as large players get ever larger (such as the $22 billion Fiserv-First Data deal) — there is an opportunity for software-as-a-service (SaaS) companies and digital marketplaces to monetize payments. Consolidation Across Software.
Merchant-facing regulation: What merchants need to know in 2025 15 May 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The regulatory framework governing payments continues to expand in scope, with increasing implications for merchants operating in the UK and EU. Why is it important? for credit.
Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”
Sopra Banking Software (SBS), the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, today announced the availability of its cloud-based Instant Payments solution. SBS’s current clients have optimized their TCO by up to 33% by implementing the infrastructure.
The world of payment processing has evolved rapidly since the early days of credit card payments. With the explosion of cloud-based software, e-commerce, and mobile payments, a significant portion of transactions now take place online. So, what is payment processing?
Deutsche Bank and Mastercard expand open banking payments Deutsche Bank and Mastercard unveiled a strategic partnership to expand open banking and transform payment experiences across Europe. The collaboration will enhance Deutsche Banks Merchant Solutions by integrating Mastercards open banking technology.
Expanding operations to reach customers like these requires that businesses not only offer appealing products and services, but also provide payment experiences that are both convenient for consumers and easy for the companies to manage. Selling to overseas subscribers means businesses must handle payments in multiple currencies.
Corporate treasurer gets an alert via smartwatch that a payment is due to a supplier. Payment is due at 5:00 p.m. – Payment is done, B2B, with literally a flick of the wrist. The most important attribute of payments may be, via conventional wisdom, perceived to be speed. But to the swiftest goes the payments race?
Earlier this year, AccessPay , the bank integration provider, closed a strategic funding round at $24million to boost its expansion plans across the US and supercharge its R&D efforts in fraud and error prevention. Our bank integration solution connects back-office systems directly to banks. By accident, if I’m being honest.
To understand financial document automation, let's look at a typical Accounts Payable (AP) process: AP team issues a purchase order (PO) The vendor delivers and sends an invoice AP matches the invoice with the PO and delivery receipt If matched, payment is processed This manual process is manageable for small companies.
And B2B payments , too. In a months-long series of interviews and fireside chats conducted and hosted by PYMNTS, payments executives, investors, bankers and economists weighed in on where we’ve been — and where we must go. Buyers and suppliers don’t really care about the network, but they want to have the payment.
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? What’s next?
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