PYMNTS

MARCH 14, 2019

The movement to bring blockchain to cross-border payments proceeds apace. Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? The year] 2019 is about Request For Payment (RFP). That is going to be a big driver [in new] services,” he said.

SWIFT 74

SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

Fintech Finance

JULY 30, 2024

This breakthrough enables payment processors, retailers, and merchants to drastically reduce payment processing costs and boost customer loyalty with closed-loop wallet apps by integrating real-time payments over The Clearing House’s RTP and FedNow network rails from the largest banks in the US.

RTP 98

RTP FedNow RFP Payment APIs and Integration 98

PYMNTS

JUNE 18, 2019

initiatives, of course, follow the plans or deployments seen in more than 40 countries around the globe to bring faster payments or RTP into the fold. To that end, Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney said in a recent interview with PYMNTS, “The stage is set for the U.S.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

NOVEMBER 14, 2017

The first transaction, in addition to moving funds, also carried data in an invoice-like fashion to accompany requests for payments which are irrevocable. All in all, the transfer took three seconds — as opposed to the hours or days more typically associated with an ACH transfer. Progress in the U.S.

Real Time Payments 77

Real Time Payments RTP Irrevocability Faster Payments 77

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. The Rails Themselves .

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

OCTOBER 14, 2020

And Ordo CEO Craig Tillotson said in the release that both teams want to use technology and service innovation to help boost the end-to-end process.

Real Time Payments 60

Real Time Payments FinTech Payments Ubiquitous 60

The Fintech Times

OCTOBER 19, 2024

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

Instant Payments 52

Instant Payments SWIFT Payer Request for Payment 52

Faster Payments Council

JULY 21, 2020

The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank. The firm helps clients with strategy definition, product development, and the application of technology to solve leading edge problems in the financial services industry.

Faster Payments 68

Faster Payments FPC Research Consumer 68

PYMNTS

OCTOBER 24, 2019

Bottomline Technologies has announced the expansion of its Digital Banking IQ suite with the launch of its Real-Time Payments (RTP) module, utilizing the RTP Network from The Clearing House. We look forward to working closely with Bottomline Technologies.”. “By

RTP 40

RTP Real Time Payments Request for Payment B2B 40

PYMNTS

MARCH 12, 2020

In a recent announcement, FirstBank revealed its adoption of core infrastructure technology provided by Finxact , a tie-up Reuter said was certainly rooted in the bank’s efforts to modernize its infrastructure. The value proposition of real-time payments for larger enterprises is less immediate, although no less disruptive.

RTP 85

RTP Real Time Payments Zelle Faster Payments 85

PYMNTS

AUGUST 7, 2017

Icon Solutions announced news last week it had begun testing connectivity between its Instant Payments Framework (IPF) and U.S.-based based limited liability company The Clearing House’s new faster payments infrastructure. Icon Solutions has already deployed its IPF in Europe and Asia. “It will be a key tool for U.S.

Faster Payments 40

Faster Payments TCH Real Time Payments Instant Payments 40

PYMNTS

JANUARY 16, 2020

For instance, fraudsters can infiltrate the email systems of a firm’s legitimate suppliers to send emails from those vendor domains with a request for payment. Electronic payment technologies, too, are increasingly focused on security and fraud mitigation efforts. The BEC scam can manifest in many forms.

Business Email Compromise 44

Business Email Compromise Security Scams Email Compromise 44

PYMNTS

NOVEMBER 18, 2019

cybersecurity technology companies are taking measures to raise awareness and combat corporate payment fraud risks. Below, PYMNTS breaks down the data behind the latest news in corporate payments fraud. Meanwhile, in the U.K., In the U.S.,

Business Email Compromise 51

Business Email Compromise Scams Email Compromise Compromise 51

PYMNTS

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

Cross-Border Payments 56

Cross-Border Payments Cross-Border SWIFT Debit Network 56

PYMNTS

OCTOBER 21, 2019

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.

Visa 44

Visa Real Time Payments RTP Treasury Management 44

PYMNTS

MARCH 14, 2019

Canadian financial technology provider Central 1 is linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses. ” Credit unions are increasingly collaborating with FinTechs in a bid to enhance their small business services.

Credit Union 59

Credit Union Small Business Payments Payment Solutions 59

PYMNTS

FEBRUARY 11, 2019

As that needle moves, and as the groundwork is laid for faster payments, Ruhe explained that it’s important to discuss just what faster payments means — in concept and execution. It’s another set of capabilities, but the older ones do not go away.”. Thus, the needle moves from mere transactions to interaction, he said.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

DECEMBER 6, 2018

Evers told how the government of Thailand — and around the world, governments are often the largest employers, and largest sources of payments — used incentives tied to government IDs and other tactics, along with working on the request-for-payment technology, to encourage citizens to switch to digital payments.

Real Time Payments 56

Real Time Payments RTP Payments Economy 56

PYMNTS

JULY 3, 2018

Around the Faster Payments World. banks are putting their payment tools into overdrive. First, BNY Mellon recently announced that it became the first bank to enable Request for Payment messages using The Clearing House’s (TCH) Real-Time Payments (RTP) network. Several U.S.

Faster Payments 40

Faster Payments Cross-Border Zelle Payments 40

PYMNTS

NOVEMBER 8, 2019

As real-time payments (RTP) gain traction with consumers via peer-to-peer (P2P), the pump may be primed for business-to-business (B2B) transactions to follow suit. Key among those conduits, of course, is the Clearinghouse RTP network, where commercial real-time payments made their debut in the U.S. roughly two years ago.

RTP 40

RTP B2B Real Time Payments P2P 40

PYMNTS

APRIL 14, 2017

Technology underpins everything these days. Ever more so this is the case with payments and specifically the conduits that get payments from party A to party B. Writ large, the goal is to create “world-class ecosystems” around the “world-class technologies” that allow people to pay with safety and convenience.

ACH Network 42

ACH Network ACH Payments ISO 20022 42

FICO

SEPTEMBER 27, 2018

Often suppliers will take labor-intensive administrative efforts like submitting bids, preparing specialized invoices, submitting a request for payment, and waiting 30-45 days to be paid, into consideration when setting a price. Technology is now available to perform an automated review of 100% of transactions.

Risk 53

Risk Transactions Process Duplicate 53

PYMNTS

MAY 8, 2017

there is a bundle of faster payments initiatives, but one of the largest efforts in the area of real-time payments, specifically, is with The Clearing House. They can take the best of breed and incorporate new features like request for payment, which opens up even more use cases.” In the U.S., I think the U.S.

Real Time Payments 46

Real Time Payments TCH ISO 20022 ACH 46

PYMNTS

JULY 4, 2018

Faster Payments is beginning to evolve now that it is more than a decade old, and developers are looking to add new features and capabilities to the technology. Based on their assignments, these workers often experience varying payment frequencies and month-to-month amounts.

Faster Payments 43

Faster Payments Payments Payee Scams 43

PYMNTS

MARCH 8, 2017

In addition to offering users a simpler and potentially safer method of identifying payment recipients, some proxy solutions also offer a messaging service related to payment transactions. These messaging features can act as an invoicing tool to help users identify the purpose of a funds transfer or a request for payment.

Faster Payments 43

Faster Payments Consumer Payments NACHA 43

Seon

JULY 27, 2023

Yet as an increasing number of organizations adopt FedNow, it is possible that new users will find that they no longer use their current payment system. As such, it may overshadow older, less convenient financial technologies, though it won’t outright replace them. How Does FedNow Work? How much does it cost to do a FedNow transaction?

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

Nanonets

SEPTEMBER 1, 2023

Strengthened Vendor Relationships: Timely or accelerated payments cultivate robust vendor relationships, creating opportunities for more favorable negotiation terms and better deals. Seamless Requests for Payments (RFP): Vendors can now submit precise bill requests, streamlining the validation and approval process with a simple click.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Nanonets

SEPTEMBER 21, 2023

An  invoice  is a formal document that is generated after a sale has been made, detailing the products or services provided, the cost, and the  payment terms. It serves as a request for payment from the customer and provides a record of the transaction.

Best Practices 52

Best Practices Non-Bank Online and Mobile Banking Facilitators 52

EBizCharge

MAY 15, 2024

This invoice serves as a request for payment. Payment Terms: Before the transaction occurs, both parties agree on payment terms, including the payment due date, acceptable payment methods, and any discounts or penalties for early or late payment.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Nanonets

SEPTEMBER 22, 2023

When a company provides goods or services to its customers on credit, an invoice is generated, stating the amount owed and the payment terms. This invoice serves as a record of the transaction and as a request for payment. To further enhance fraud prevention efforts, companies should implement technology-driven solutions.

Accounts 52

Accounts Fraud Prevention Process Financial Literacy 52

Nanonets

APRIL 16, 2023

Criminals impersonating executives or suppliers email authentic-looking invoices or other requests for payment and a less than vigilant Accounts Payable team can fall prey to it. MineralTree , an Accounts Payable (AP) and payments automation solution provider, provides automated PO/invoice matching for Sage Intacc.

Automation 52

Automation AI Duplicate Accounts 52

Nanonets

SEPTEMBER 21, 2023

Understanding Invoices: Definition and Purpose An invoice is a document that provides a detailed summary of a sale, including the amount owed by the customer, the goods or services provided, and the payment due date. It serves as a request for payment and is an integral part of any business transaction.

Audit 40

Audit Legal Accounts Facilitators 40