Fintech Finance

SEPTEMBER 18, 2024

Fingerprint Cards AB (STO: FING B) and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced SECORA Pay Bio, an all-in-one biometric payment card solution that complies with Visa and Mastercard specifications. This will lead to a much simpler biometric payment card manufacturing process.

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PYMNTS

OCTOBER 23, 2020

Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead. The Sum Of The PARTS

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PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”

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Clearly Payments

JANUARY 25, 2024

Digital Only Banks or Neobanks The emergence of digital-only banks injects competition, propelling the use of debit cards and credit cards, impacting the overall payment processing market. Digital banks, sometimes called Neobanks, push consumers into digital banking and digital payments. User penetration will be 9.5%

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Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 105

PYMNTS

NOVEMBER 27, 2020

One-third of B2B payments are processed electronically, but accounting professionals are still pushing to expand that share. One-third of B2B payments are processed electronically, but accounting professionals are still pushing to expand that share. The challenges of B2B transactions.

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PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

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PYMNTS

SEPTEMBER 20, 2018

In an effort to kill the check — where B2B payments are anything but efficient — might virtual cards be the answer? As ePayables have emerged as an option in the commercial realm, Yarbrough noted that a virtual card can solve problems for both buyers and suppliers. The Friction Points Hindering Adoption.

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PYMNTS

DECEMBER 23, 2019

Visa’s real-time push payments capability has handled 2 billion transactions in the past year. Almost $80 trillion is sent globally with wire transfers or bank accounts, which is a slow, outdated process that is also pricey. Visa is teaming up with TD Bank to introduce a new solution to ease money transfers between Canadian and U.S.

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PYMNTS

FEBRUARY 12, 2019

The new platform includes Mastercard Send, a push payments service designed to rapidly send money in the U.S. debit or reloadable prepaid cards for payment of tax refunds, government aid, healthcare and insurance claims and payments to gig economy workers. and also across borders.

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PYMNTS

JANUARY 23, 2019

At issue is the Federal Wire Act , enacted in 1961. A new interpretation from the DOJ “now makes the Wire Act applicable to any form of gambling that crosses state lines, including online gambling and online lottery,” according to an account. That’s pushing companies like casino site 888.com Supreme Court decision.

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PYMNTS

SEPTEMBER 4, 2020

The days of consumers at the local coffee shop or retailer queuing up the register, inserting cards and punching in PINs are likely in the rearview mirror. That allows flexibility in not just how merchants take transactions, but where – across cards and digital wallets. And the SMBs, perhaps not surprisingly, have taken notice.

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Contactless Payments Online and Mobile Banking Push-to-Card Underserved 95

Clearly Payments

MAY 1, 2025

While credit card processing fees arent directly subject to tariffs, many businesses are seeing indirect impacts that affect their bottom line. Tariffs government-imposed taxes on imported goods are often seen as a supply chain issue. Heres how tariffs are quietly influencing the payments landscape and what merchants can do about it.

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Credit Cards Process Cross-Border Disputes 66

PYMNTS

FEBRUARY 7, 2020

It is, according to Gerber, what pushed the January launch of Mastercard’s new Intelligence and Cyber Centre in Vancouver, Canada. Flash back a few years and everyone had one or maybe two connected devices. There were the smartphones we all had, with a heavy sprinkling of tablets and connected gaming consoles. It isn’t all chaos out there.”.

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Economy Visa Security Push-to-Card 98

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. Powering A Fast Pivot.

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Online and Mobile Banking Scams Bots Risk Management 80

PYMNTS

AUGUST 12, 2020

based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools. Speaking with PYMNTS, Managing Director of North America Kieran Draper said employee expense management and contractor payouts have become a valuable niche for the corporate prepaid card. Streamlining Employee Spend.

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B2B Push-to-Card Direct Deposit Payments 67

PYMNTS

SEPTEMBER 21, 2017

Secure credit card and ACH payment processing solutions provider ProPay, owned by TSYS, is upgrading its disbursements and commission payments facilitation platform, the company said this week. Recipients of payments can get paid via globalEFT, wire, debit or prepaid card, and the solution enables real-time or expedited commissions transfers.

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PYMNTS

MAY 15, 2019

The acquisition, Bill Sheley, head of global push payments at Visa , told Karen Webster, helps move Visa “beyond the card” and, writ large, helps the payments giant to embrace a “two-account disbursement model.” To that end, Visa has taken the “buy” path, and said last week that it gained control of Earthport , having bought the U.K.-based

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Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

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PYMNTS

OCTOBER 2, 2019

If you look across the technology industry and the payments industry, the pace and movement of change is accelerating,” Mike Kresse, division executive for card and money movement at FIS , recently told PYMNTS in an interview. To get a sense of where faster payments are headed, look to the consumer. Particularly in the U.S,

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C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

FEBRUARY 4, 2020

Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. One of the biggest advantages of the card rails is that you are virtually unlimited as to how much data you can pass with that transaction.”. “One

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Commercial Card Lockbox Reconciliation Push-to-Card 61

CB Insights

DECEMBER 4, 2019

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Amazon Payments.

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Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

JUNE 28, 2017

At present, checks make up about half of business-to-business (B2B) payments, ACH for 32 percent, credit and debit cards for 11 percent, and cash and wire for 8 percent. Check payments have declined since 2014, while ACH, cards, cash and wire have all increased. The same professionals also predict cards will hold at 12.5

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PYMNTS

NOVEMBER 1, 2017

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. billion Mastercard and Maestro-branded cards worldwide. As of Sept. In the U.S.,

Visa 49

Visa Push-to-Card Same Day ACH Volume 49

PYMNTS

OCTOBER 1, 2016

Groundbreaking, innovative, trailblazing — these aren’t the type of adjectives you would think of to describe the typical shopping cart that gets pushed around physical stores. That’s right, if it’s up to Walmart, you won’t even have to push your own wares around their wide aisles— what could be better?

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Push-to-Card Innovation Wire Wires 76

Green.Money

JULY 27, 2019

They even lobbied congress for new anti-money laundering laws geared towards pushing cash out. The goal was to hook everyone on credit card, and destroy cash and check payments. What does that have to do with credit cards? Getting a credit card merchant account is so easy these days, you can be approved in minutes online.

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Wire Transfer Credit Cards Push-to-Card Checks 52

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

PYMNTS

NOVEMBER 21, 2018

The funding pushed the firm’s valuation to $1.1 The solution supports invoice payments via check, ACH, virtual card and wire. Bloomberg reported on Tuesday (Nov. Tradeshift has its bid supported by several U.S. investors and Chinese insurance conglomerate Ping An Insurance Group, according to unnamed sources.

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B2B Push-to-Card Wire Wires 51

PYMNTS

SEPTEMBER 14, 2017

Push Payments for Visa. But Mother Nature doesn’t care much about how companies are wired – and in the wake of flooding that’s left millions of consumers without cars and homes, speed is a necessity. Frew said that the move to accelerate claims disbursements using push payments isn’t necessarily new, but the sense of urgency is.

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Push-to-Card Payments Checks P2P 57

PYMNTS

SEPTEMBER 14, 2016

Hyperwallet offers cash pickup at half a million locations globally, also enabling its matchmaker customers to pay their workers via program-run branded cards, accounts, virtual cards, their own cards or even via check. The New, Remote Workforce. Warrington said the goal is to give people options.

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Payment Savvy

DECEMBER 11, 2023

Automated Clearing House ( ACH) transfers have revolutionized the way we handle our finances, offering a convenient and secure method to send and receive money electronically. Whether it’s receiving your paycheck through direct deposit or paying your bills online, ACH payment solutions have become an integral part of our daily lives.

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PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. Boost Payment Solutions CEO Dean M. Making the International … Domestic.

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Commercial Card B2B Cross-Border Push-to-Card 58

PYMNTS

SEPTEMBER 22, 2020

In the absence of corporate travel and entertainment, as the road warriors stay (and work) at home, it may make sense that commercial card use would see a pause in the B2B space. But we’ve focused on finding new areas of spend for buyers to utilize their cards,” Leavitt noted. “But But in an interview with Karen Webster, Dean M.

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B2B Commercial Card Push-to-Card Payments 53

PYMNTS

DECEMBER 7, 2016

Though Payoneer is considered a pioneer in facilitating payments for suppliers whose services are procured via a digital marketplace, Galit explained that, for most of those marketplaces, the ability to pay providers of services and sellers meant using payment methods that were not only slow but also costly — paper checks and international wires.

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Payment APIs and Integration Payments Wire Wires 76

PYMNTS

MARCH 19, 2019

Use reloadable cards and instant access to funds to keep gamblers happy and loyal to a particular gambling operation. At issue is the Federal Wire Act , enacted in 1961. March Madness has a new flavor this year: legal online betting. The annual NCAA men’s Division 1 basketball tournament will attract an estimated $8.5

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PYMNTS

JULY 6, 2020

The FinTech supports a number of different disbursement methods — all digital — for clients searching on its site for loans outside of the PPP program, including automated clearing house (ACH), debit card push payments, wire transfers and disbursements to PayPal-supported online wallets.

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PYMNTS

NOVEMBER 1, 2017

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. billion Mastercard and Maestro-branded cards worldwide. As of Sept. In the U.S.,

Push-to-Card 45

Push-to-Card Visa Same Day ACH Volume 45

PYMNTS

MARCH 8, 2019

As reported, invoice fraud remains among the fastest-growing conduits to fraud in the region, and UK Finance reported that it ranks as the third most-common fraud type, known as “authorized push payment” ruses. In one case, a scammer asked for help via text message to purchase iTunes gift cards.

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