PYMNTS

FEBRUARY 18, 2020

That said, the new Small Business Guide to Rapid Settlement Playbook contains at least one cardinal equation for making it as an SMB. SMBs’ pursuit of rapid settlements is also a wake-up call to solutions providers in the POS space. SMBs’ pursuit of rapid settlements is also a wake-up call to solutions providers in the POS space.

Settlement 56

Settlement Small Business Point-of-Sale (POS) Faster Payments 56

PYMNTS

OCTOBER 18, 2016

.” Ingo Money processes push payments in minutes to virtually any bank debit card, prepaid card, bank-issued or private-label credit card, PayPal account or cash disbursement location with intelligent, multichannel routing, compliance controls and full-service settlement and servicing. ”

P2P 71

P2P Push-to-Card Payment APIs and Integration Online and Mobile Banking 71

The Fintech Times

NOVEMBER 6, 2024

Visa Protect for Account-to-Account (A2A) Payments – Detect and reduce fraud across immediate account-to-account payments, including P2P digital wallets and QR code payments. This token can be used by the merchant’s AI models to quickly deliver recommendations.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

PYMNTS

SEPTEMBER 12, 2019

After all, according to Jeff McCrory, director of electronic payments for Fiserv , the concept of P2P payments was strange to pretty much everyone in the mainstream a mere five years ago. Zelle P2P payments are increasing. There has been a full-court press [on P2P awareness] over the last two to three years,” McCrory told PYMNTS.

P2P 61

P2P Zelle Payments Real Time Payments 61

PYMNTS

APRIL 3, 2019

As Odilon Almeida, Western Union’s president of global money transfer , told Karen Webster, the move — one of the biggest recent deals for Western Union, and no small thing for the retailer — represents the latest development in Western Union’s work to build a global peer-to-peer (P2P) network based around mobile technology.

P2P 61

P2P Cross-Border Payments Cross-Border Ubiquitous 61

PYMNTS

MAY 31, 2018

Shari Krikorian, senior vice president at Mastercard Worldwide , told PYMNTS that Send started out with a consumer focus, powering person-to-person (P2P) push payments. From P2P to B2B. Banks were connecting to the network and started offering P2P push payments. But as a P2P product, it had its shortcomings.

P2P 49

P2P Visa B2B Push-to-Card 49

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. Venmo, of course, is not the only major P2P player in the game. Larger P2P World.

P2P 49

P2P Zelle Venmo RTP 49

Fintech Finance

SEPTEMBER 2, 2024

Bitmama, which enables individuals and businesses in over 18 countries to send and receive payments in various currencies, has built a platform to facilitate cross-border settlements but requires liquidity in each serviced country. Bitmama started in 2017 as a P2P digital currency exchange.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Cross-Border Settlement Financial Inclusion 96

PYMNTS

NOVEMBER 25, 2020

That accelerated settlement of funds can be especially useful for individuals and families living paycheck to paycheck (which PYMNTS research has found represent roughly 60 percent of U.S. Those that aren't getting in that Wednesday settlement and having to wait until Friday are going to start having a beef with their bank,” he said.

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

PYMNTS

OCTOBER 4, 2017

Financials services firm Visa and payment processing company Vantiv recently partnered to offer small businesses a new service called FastAccess Funding that enables merchants to have settlement payments directly deposited into their debit cards instead of waiting for funds to arrive following ACH processing.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

MARCH 17, 2020

The island nation of Curacao is also taking measures to adopt real-time payments, with reports recently noting that its central bank has contracted equensWorldline to develop an instant payments capability on the nation’s existing clearing and settlement system, according to IBS Intelligence.

Instant Payments 98

Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

PYMNTS

SEPTEMBER 8, 2020

Meanwhile, 80 percent of 66 central banks the Bank of International Settlements queried are embracing or at least studying the development of CBDCs. The digital currency envisioned by Brazil could see traction across peer-to-peer (P2P), wallet-to-wallet conduits, as P2P will be a feature of the country’s Pix instant-payment system.

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

PYMNTS

MARCH 29, 2019

Demand for instant and peer-to-peer (P2P) payments is heating up, and financial institutions (FIs) are seeking to cater to that need, knowing that if they don’t, their customers are likely to turn elsewhere. it’s not just P2P seeing a rise in demand for instant payments. Around the Faster Payments World. In the U.S.,

Faster Payments 71

Faster Payments Zelle P2P Instant Payments 71

Clearly Payments

OCTOBER 31, 2024

Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions. Wholesale CBDCs : There are two types of CBDCs: Retail CBDCs are designed for use by the general public, providing an alternative to cash.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

OCTOBER 16, 2020

Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams . Peer-to-peer (P2P) payment apps face a double-edged cybercrime threat, with both account takeovers (ATOs) and scams targeting their users. Beyond bitcoin is the potential of central bank digital currencies (CBDC).

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

APRIL 14, 2020

KyckGlobal said that “the growing popularity of person-to-person (P2P) payments has fueled a growing interest in the availability of push payments for U.S. The company said its platform offers an “integrated” setup for payment, settlement, customer service and IRS compliance. businesses.”

IRS 73

IRS Real Time Payments Faster Payments Payments 73

Fintech Finance

JULY 4, 2024

The Bank for International Settlements (BIS) defines offline payments as the transfer of a digital money token between devices that takes place without the payer and payee requiring a networked connection to any ledger system or backend system to complete the payment.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

PYMNTS

SEPTEMBER 11, 2019

We can also take deposits and connect directly to the switch,” Ogundeyi added, referring to Nigeria’s Central Switch, which speeds settlements and information. In the coming months, Kuda will add savings and P2P payments along with the no-fee checking accounts and debit cards it offers now.

FinTech 72

FinTech Cross-Border Payments Cross-Border Debit Card 72

Faster Payments Council

MAY 17, 2021

RTP technology facilitates payments across all payment categories, including business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B), peer-to-peer (P2P), government-to-citizen (G2C), and account-to-account (A2A) transactions. Bringing together speed, data, and communication solves for longstanding challenges.

RTP 88

RTP G2C C2B Real Time Payments 88

PYMNTS

SEPTEMBER 24, 2020

Take, for example, something like same-day settlement. But frankly, small businesses also turn to P2P apps to get paid instantly to sort of meet the need and fill this gap that exists for them.” . . McFarland said that “is absolutely an area where we are seeing and hearing increased demand from merchants.

Checks 105

Checks Small Business ISOs Point-of-Sale (POS) 105

PYMNTS

DECEMBER 19, 2019

Another bold “instant” moves is the Chinese Internet giant Tencent fielding WeChat Pay , a P2P extension of its massively popular social media app. That figure pales in comparison to the $49 billion that passed through the Zelle P2P app in just Q3 2019 in nearly 200 million separate transactions.

Legal 52

Legal Settlement Checks Laws 52

PYMNTS

JANUARY 15, 2018

The government is also going after companies and individuals who enable cryptocurrency trading by providing services such as market making, settlement and clearing. Small peer-to-peer (P2P) trades aren’t on the radar of the Chinese government. The sources couldn’t provide more details about the types of policies China will implement.

Cryptocurrency 58

Cryptocurrency Bitcoin P2P Regulations 58

PYMNTS

FEBRUARY 11, 2019

NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. In another case, if a business is making a payment, in some cases, it will want instant settlement. The Use Cases.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

SEPTEMBER 19, 2018

“FPS brings convenience and saves time for consumers by enabling payments to be made anytime, anywhere, and contributes to the efficiency of businesses by making real-time settlement possible. Other businesses linked to the service include Citibank , Standard Chartered , Bank of China Hong Kong and 16 other FIs.

Real Time Payments 60

Real Time Payments Faster Payments P2P Payments 60

PYMNTS

SEPTEMBER 27, 2018

Leading consumer payment conglomerates like WeChat Pay and Alipay are bracing for FPS to enhance their peer-to-peer (P2P) payment capabilities, but the faster payments initiative is also expected to affect corporate payments. Transfer amounts can be as high as HK$1 million, reports said.

Faster Payments 65

Faster Payments Funds Transfer Payments Payer 65

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption. Plus, Affirm files for an IPO. Fed, Central Banks Frame Criteria For Digital Currency.

Digital Currency 56

Digital Currency Central Bank Federal Reserve P2P 56

PYMNTS

AUGUST 3, 2016

Insurance payments, healthcare reimbursement, merchant settlements, loan disbursements, and payments to workers participating in the shared economy represent a $9 trillion opportunity filled with friction for both the sender and the receiver, with the remaining $1 trillion represented by the more “traditional” P2P payments use cases.

P2P 50

P2P Debit Card ACH Ubiquitous 50

The Fintech Times

SEPTEMBER 2, 2024

Bitmama, which enables individuals and businesses in over 18 countries to send and receive payments in various currencies, has built a platform to facilitate cross-border settlements but requires liquidity in each serviced country. Founded in 2017, Bitmama started as a P2P digital currency exchange.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Cross-Border Settlement Consumer 59

Payment Savvy

MAY 16, 2023

The RTP Network enables real-time transactions for various use cases, such as B2B and P2P transactions, payroll, and Request for Pay (RfP) services. However, they can be valuable when a rapid settlement is necessary. Additionally, faster settlements can lead to fewer late payments and reduced collection costs.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

MARCH 19, 2019

On top of real-time payments platforms, new settlement methods – including mobile wallets and P2P payments providers – enable users to use either cards or ACH transfers to quickly send funds. P2P Vulnerabilities. Zelle is one such service that has become appealing to legitimate users.

Faster Payments 56

Faster Payments Real Time Payments Zelle P2P 56

FICO

JANUARY 31, 2018

These countries already have P2P and e-wallet payment mechanisms, which are often called real-time payments. These schemes share these criteria: Are defined as a payments scheme and cover both clearing and settlement (only clearing needs to be in real-time, settlement can be periodic). Can be made 24/7 365.

Real Time Payments 59

Real Time Payments Payments Zelle Settlement 59

PYMNTS

MAY 28, 2020

Mastercard Send, Mastercard’s global push payments platform, is designed to help SMBs through enabling their merchant settlement funds in near-real time through their acquirers. so the usage of P2P is increasing,” she said. “It Mastercard has been working with its partners to further enable P2P through Mastercard Send.

Visa 61

Visa Consumer P2P ACH 61

PYMNTS

NOVEMBER 9, 2016

Circle is a cloud-based, multi-currency global real-time clearing and settlement platform that essentially takes on the risk for every transaction to ensure it can be sent and received instantly. market, he remarked that its volume still pales in comparison to the total volume of P2P transactions that are taking place globally. “In

Cross-Border 75

Cross-Border Cross-Border Payments Interoperability Multi-Currency 75

PYMNTS

JANUARY 6, 2021

The platform lets B2B, P2P and other commerce take place over Mexico’s real time gross settlements payments system, known as SPEI (in turn tied to wire transfers) for short.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

PYMNTS

FEBRUARY 21, 2019

As has been reported, the European Payments Council said in November that it had launched a new SEPA instant payment scheme across P2P and B2B payments, among other offerings, settling transactions within seconds among participating countries. Faster Payments In Asia. In Canada, Payments Canada said on Wednesday (Feb.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

Fintech Finance

MARCH 31, 2025

Direct deposit volume and person-to-person (P2P) transfers continued a multi-year trend of steady growth. ACH volume has been growing across all user types and use cases. Business-to-business payments increased almost 11.6% year over year. We see growth in all our payment networks, particularly with instant payments and same day ACH payments.”

ACH Network 59

ACH Network ACH Continuity Same Day ACH 59

PYMNTS

JUNE 6, 2019

The Fed is still debating whether or not it should even take an active role in real-time payments, even as it continues to roll out ACH settlement windows. Amazon is also pushing into the region, relying on India’s Unified Payments Interface (UPI) to enhance P2P payments through Amazon Pay.

Security 64

Security Real Time Payments Federal Reserve Push-to-Card 64