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Real-Time Payments Go Beyond The Need For Speed

PYMNTS

Billings noted that corporate clients are also interested in the data that real-time payments can provide across a multitude of payment types, spanning requests for payments, remittances and other transactions. They weren't interested in just the introduction of a new payments rail. … Eyeing Efficiency .

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Citizens Bank’s Corporate Real-Time Payments Play

PYMNTS

payments landscape is shifting into higher gear, pressuring corporations to accelerate their processes. As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. However, the current payments environment in the U.S.

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Payments Provider Contis Teams With UK FinTech Ordo On Real-Time Payments

PYMNTS

The release also touts Contis' ability to help companies build customized solutions to help with cloud-based payments needs, citing choice and functionality as two of the qualities that will be available. In August, Contis partnered with Currencycloud to boost international payments to 1 million accounts, PYMNTS reported.

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FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?

PYMNTS

Beyond changing clearing and settlement capabilities, Ramsey told PYMNTS, FIs will have to retool the way they approach operations, bringing real-time processes to all functions, from reconciliation to customer service. To get faster payments to truly take root, Ramsey said, merchants must be actively involved.

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Mastercard Teams With PNC To Enable Payments On Delivery

PYMNTS

The solution leverages the RTP network from The Clearing House for real-time payments clearing and settlement capabilities, allowing suppliers to receive instant access to funds, as well as detailed information about the transaction.

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Getting RTP’s Roadmap, Consumer Demand For It In Sync

PYMNTS

Looking at the two types of merchants — online or physical stores — he said real-time payments are less likely to gain traction in a brick-and-mortar setting, at least on the consumer side of the equation. The Corporate Case. That means cost savings for firms as they reduce manual processes and paperwork, he said.

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Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

They also provide request for payment (RFP) messaging that ensures eInvoice details, due dates and additional details are also immediately available, streamlining billing and payments in fields like utilities. This also aids the treasury teams tasked with tracking payments.