Real-Time Payments

  • For Merchants, Why Real-Time Payments Are Not Ready For Prime Time

    October 15, 2019 The year 2020 is nearly upon us. The shift to real-time payments has yet to keep up with the anticipation — with a notable lack of traction among merchants. Sarah Adams, ...
  • Paychex Wades Into Wearables, Real-Time Payments

    October 14, 2019 Paychex Wades Into Wearables, Real-Time PaymentsPayroll and human resource management solution provider Paychex has unveiled a range of new solutions and services at the 2019 HR Technology Conference & Exposition event late last month. In a ...
  • The Push And Pull Of Real-Time Payments

    October 10, 2019 Pull payments, security and consumersWith real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. ...
  • Nordic FIs Agree To Fund Instant Payments Service P27

    October 9, 2019 map Nordic regionSeveral of the largest banks in the Nordic region have reached an agreement to finance the development and rollout of instant payment system P27, Reuters reported Wednesday (Oct. 9). The initiative ...
  • Bridging Instant Payments’ Perception/Reality Gap

    October 8, 2019 Instant payments real time payments and FIsPayments people love to talk about rails — whose rails are the fastest, cheapest, most secure, most accepted, most compliant. Consumers, not so much. In fact, as Ingo Money CEO ...
  • Bulgarian Fibank Joins SWIFT gpi

    October 7, 2019 Bulgarian Fibank Joins SWIFT GPIFirst Investment Bank (Fibank) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT gpi provides fast international payments, and in September ...
  • Vocalink CEO: The Three Guideposts For Navigating Payments’ Evolution

    October 7, 2019 The good news for customers — and the challenge for financial services players, both established and emerging as the decade comes to a close — is that when it comes ...
  • Deep Dive: How Instant Payments And Solutions Are Changing Rebates

    October 4, 2019 Rakuten and more draw consumers with rebates Retailers have long enticed consumers with rebates, cash back and other rewards. Savvy shoppers have found these traditional programs to be lucrative, but long wait times between purchases made and ...
  • Why Real Time Is The Game-Changer For Corporate Cash Pros

    October 2, 2019 Citi podcastInstant payments are more promise than reality in the US.  Citi’s global head of payments and receivables, Manish Kohli, tells Karen Webster that lack of ubiquity is a hindrance, but ...
  • Rakuten On Growing Demand For Instant Rebates

    October 2, 2019 Consumers are no longer willing to wait for even the simplest of disbursements. Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand ...
  • Payments’ Role In The Fourth Industrial Revolution

    October 2, 2019 Faster payments are quickly being embraced by consumers, and are on track to gain traction across C2B, B2C and B2B transactions. Mike Kresse, division executive of card and money movement at ...
  • Instant Payments Are Here — How To Measure The ROI…

    October 1, 2019 There are many ways a firm can measure the value of instant payments, and determine how much of a return on investment (ROI) it can expect to reap. A firm ...
  • FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?

    October 1, 2019 There are 54 faster payment schemes globally, with more on the way. Craig Ramsey, head of real-time payments at ACI Worldwide, tells PYMNTS that speed will become the “new normal” for ...
  • Big Fraud, Big FinTech and Big Uber Top Week’s News

    September 27, 2019 PYMNTS WeekenderThere is never a dull moment in the world of payments and commerce, and no matter how hard you work to keep up, it can be easy to miss something. ...
  • Congress Presses Fed On Real-Time Payments Plan

    September 27, 2019 Capitol HillThe Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments infrastructure under the draft Payments Modernization Act of ...
  • The Cash Flow Solution App Developers Don’t Know They Need — But Do

    September 27, 2019 Qwil helps developers access cashThe phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient paper-dominated cycle. However, it probably doesn’t ...
  • Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

    September 26, 2019 Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this ...
  • Is Automation The Answer To Sluggish AP Processes?

    September 26, 2019 Automation: The Answer To Sluggish AP Processes?This week, Fundbox, a B2B payments startup attempting to fix the “net terms” economy, raised $176 million in equity, a sign that changing the invoice settlement system presents a big ...
  • Square Defends New Pricing Model Amid Growing Merchant Costs

    September 26, 2019 Square is defending its decision to boost costs for smaller transactions. The company announced on Tuesday (Sept. 24) that it will now charge 2.6 percent plus a 10-cent fee. For example, ...
  • Meeting Older Generations’ Rising Demands For Mobile P2P

    September 25, 2019 From sending money to college-aged children, to splitting lunch checks among friends, Gen X consumers are increasingly embracing mobile peer-to-peer (P2P). But enabling P2P payments can be a tall order ...
  • What Does Innovation Mean For Financial Institutions?

    September 25, 2019 Hed: Creating A More Uniform Pace Of Payments Innovation Dek: The advances of digital commerce are undeniable, as are the improvements they have made to payments processes. But while some of the strides forward have been notable, the remaining analog holdouts have been persistent, leaving some still searching for scalable digital solutions. Intro While the world is becoming an increasingly digital place by the day, the progress, particularly around payments, is not always uniformly forward. The average consumer is thoroughly digital, and the average business is getting there – slowly. The good news is that advances are ever-emerging to make payments safer but faster at the same time – and in some markets, they’re catching on en masse. The less good news? There is still a lot more progress to be made ahead of the payments ecosystem. 230 million: Number of U.S. consumers forecast to be shopping online by 2021. C$70 million: Amount Trulioo has recently raised to build an interoperable identity platform. 24 percent: Share of the average business’ monthly revenue tied up in invoices. 5: Number of seconds it takes for funds to be credited to a recipient’s account under the Dutch Instant Payments System. 3.5 percent: Amount that Darden Brands has seen its sales tick up year-on-year.Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? Is real-time global payments expanding to new markets? Much focus has ...
  • Deep Dive: Building Steady Construction Cash Flows With Digital Tools

    September 25, 2019 SMBs and project managers in the U.S. construction market must keep tabs on budgets and how funds are being spent if they want to meet the current projections for industry ...
  • SWIFT Moves To The Cloud

    September 24, 2019 SWIFT, Microsoft Team For Cloud PaymentsSWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press ...
  • SWIFT Loops gpi Into Existing Rails For Global Payments

    September 24, 2019 Build or borrow? For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. This week, ...
  • Societe Generale Debuts Instant Corporate Payments

    September 24, 2019 French bank Societe Generale is rolling out pan-European instant payments for its corporate clients, and is deploying technology from FIS to support the launch, the companies said Monday (Sept. 23). FIS ...
  • Serving Mobile P2P Payments To The Gen X Crowd

    September 24, 2019 Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks, for one, are teaming up with technology providers to accelerate settlement ...
  • Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 

    September 23, 2019 Fed Reserve Delays Fedwire ISO 20022 MigrationThe phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. central bank said in ...
  • Banks’ Definitive B2B Payments Guide To Sibos

    September 23, 2019 Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. ...
  • The Real-Time Payments Receivables Conundrum

    September 23, 2019 The Real-Time Payments Receivables ConundrumP.T. Barnum perfected the art of showmanship, a reputation burnished by the spectacular fame of the traveling circus and side show that bore his name: the Ringling Bros. and Barnum ...
  • REPORT: Why 78 Pct Of FIs Say They Struggle To Innovate

    September 23, 2019 Banks today recognize that they must embrace innovation to survive in a world being rapidly transformed by digital technology. Successfully delivering the new features and functionality that customers and clients ...
  • Cross River Bank RTP Connection To Help FinTechs

    September 19, 2019 Cross River To Provide Real-Time Payment AbilityCross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. By joining the network, Cross River will be ...
  • B2B Payment Innovations Keep Suppliers In Mind

    September 19, 2019 B2B Payment Innovations Keep Suppliers In MindThis week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service ...
  • Citi On Treasury’s Real-Time Reality

    September 19, 2019 Treasury management is becoming a job done in real time, as business is done across borders and time zones. Ron Chakravarti, Treasury Advisory Group head at Citi, tells Karen Webster ...
  • Speed Finds Opportunity In B2B Payments Beyond Accounts Payable

    September 17, 2019 Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. However, it’s not necessarily the ability to pay suppliers in real-time that has companies ...
  • PODCAST: Solving Instant Payments Ubiquity Problem

    September 17, 2019 Consumers live in a real-time world. Their use of mobile devices fuels the expectation that what happens on the other side of a click or a swipe will be delivered ...
  • Lifting The Veil On Cross-Border B2B Payments

    September 12, 2019 Faster cross-border commercial payments are within reach thanks to global initiatives from the private and public sectors, and to growing consensus among FinTechs and financial service providers that businesses need ...
  • Collaboration Is Key For Consensus On Cross-Border Payments

    September 11, 2019 Collaboration Is Key For Cross-Border PaymentsAccording to the new Simplifying Cross-Border Payments Playbook, there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 ...
  • JPMorgan Rolls Out Same-Day Deposits For SMB

    September 10, 2019 JPMorgan Rolls Out Same-Day DepositsCustomers of the WePay platform can now get faster deposits to their JPMorgan Chase bank accounts, CNBC reported on Tuesday (Sept. 10). “With other payment processors, when a small business is ...
  • Cross-Border Payments, With Speed And Security In Mind

    September 10, 2019 Speedy And Secure Cross-Border PaymentsIn payments, complexity reigns, and making payments simple, transparent and speedy is anything but easy. That’s especially true with cross-border payments, where commerce done globally demands that firms be aware of ...
  • The Treasurers’ Guide To Simplifying Cross-Border Payments

    September 9, 2019 Real-time paymentsThe global economy is more interconnected than ever, with more companies doing business abroad than at any time in recorded history. On one hand, this brings opportunity, with businesses reaching more ...
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