PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. 10) press release. “Our 10) press release. and Ireland at SWIFT. .

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PYMNTS

SEPTEMBER 20, 2020

The business division of Western Union will work with Isabel Group , a Belgian company providing multi-bank services through its B2B network Isabel 6, to grow connectivity in Belgium, according to a press release. Now, clients will be able to connect with more resources globally, the release stated.

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South State Correspondent

SEPTEMBER 12, 2019

Payment Innovation When it comes to long-range strategic planning in banking, what to do about payments, should be in the top five considerations up there with treasury management, capital allocation, risk tolerance, and human capital. Below, we highlight our ten considerations when developing a payments strategy.

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Independent Banker

DECEMBER 31, 2022

The payments landscape is evolving, and customers’ needs are changing. Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. Top trends in payments.

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Perficient

FEBRUARY 29, 2024

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024.

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PYMNTS

DECEMBER 16, 2020

London cloud-processing platform Form3 is partnering with Mastercard to enhance and streamline real-time payments worldwide. By harnessing the power of cloud-based architecture, financial institutions will be able to “safely and securely handle significant payment processing volume in near-real time.” . Faster Payments.

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Independent Banker

APRIL 30, 2022

Mobile transactions. As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. What developments will affect business payments in the short to medium term? What this means for your community bank depends largely on your customer base.

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PYMNTS

SEPTEMBER 15, 2020

Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. Having multiple acquirers is an important risk mitigation tool for merchants, but according to Metodieva, merchants aren’t always prioritizing the diversification of their banking solutions.

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PYMNTS

MAY 20, 2020

The European Central Bank (ECB) is the European Union’s foremost regulatory body. Accomplishing this task poses a unique set of challenges, however, particularly when it comes to real-time payments. The 27 EU member states have their own financial systems, and many have also implemented their own domestic real-time payments rails.

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PYMNTS

APRIL 21, 2020

The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to suit their needs in a volatile, remote working environment. Just which payment rail they will migrate to, however, remains unclear.

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PYMNTS

DECEMBER 2, 2020

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. SWIFT will continue collaborating with financial institutions to advance cross-border payments worldwide. market; Lloyds Banking Group is the first to go live.

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PYMNTS

MAY 14, 2020

To bolster global payments for businesses throughout the world, EMQ launched its new enterprise payment technology with same-day settlement functions in local currencies throughout eight countries. Last May, news surfaced that Shanghai Commercial Bank (SCB) was working with EMQ to bolster cross-border money transfers.

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Gonzobanker

AUGUST 3, 2023

The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. While banks won’t immediately feel the effects that Durbin 1.0 had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025.

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PYMNTS

APRIL 13, 2020

Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on Monday (April 13). He will focus on developing cloud-based solutions for corporate payments across sectors including travel and healthcare. He also previously worked at U.S.

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Bank Innovation

NOVEMBER 19, 2019

The Clearing House‘s real-time payments network is quickly picking up new bank partners, with Wells Fargo and HSBC joining it to support business transactions this week. Both banks’ corporate and business clients can now send and receive real-time payments through the network.

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PYMNTS

NOVEMBER 4, 2020

From concept to pilot to corporate payment game changer. Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Umar Farooq , CEO of J.P. Liink, J.P. Ready To Kill The Check?

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PYMNTS

JANUARY 28, 2020

When it comes to payment rail innovation, transaction speed is often the catalyst driving change. ’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. The Clearing House Expands RTP Opportunity.

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PYMNTS

NOVEMBER 16, 2020

Banks have long worked to anticipate and protect against emerging tactics of cybercriminals. Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. Bank , one of the largest commercial banks in the United States. Bancorp, which is the parent company of U.S.

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PYMNTS

DECEMBER 18, 2020

The company said that malicious actors are moving away from the usual “spray and pray” strategy that entails conducting dozens or hundreds of lower-value transactions with stolen payment data, and are instead making fewer and larger attacks. Digital fraud is a longstanding issue for retailers and banks.

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PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

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Independent Banker

JANUARY 31, 2023

Photo by Zutik by Andoni/Stocksy Data analysis can illuminate patterns and trends in your customers’ transactions. By Colleen Morrison Data is the new currency for Big Tech, business, banking and beyond. Knowing what transactions are being performed and how your customers are performing them is invaluable information.”

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PYMNTS

NOVEMBER 18, 2020

Delivering funds smoothly to employees in different nations is therefore essential, and it may require firms to migrate from paper checks to digital tools, especially those that suit the needs of employees who do not have bank accounts. Around The World Of Smarter Payments. How Mobile Apps Are Easing Retail Payments In India.

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PYMNTS

JANUARY 11, 2021

Once considered the head of number-crunching and cash management, treasurers today have transformed into enterprise leaders, using payments and finance digitization as an opportunity to pivot toward new business models and drive strategic growth for the entire enterprise. Elevating The Bank/Treasurer Relationship.

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PYMNTS

OCTOBER 22, 2020

A perfect storm of market shifts catalyzed by the global pandemic has forever changed the B2B payments landscape. At the broader level, organizations began to fully understand the biggest pain points of their B2B payments workflows — and today, as Lane recently told PYMNTS' Karen Webster, they're also beginning to understand how to fix them.

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PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved. According to Daniel Muller , CEO of AeroPay , perhaps they don’t need that ability.

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Perficient

MAY 5, 2022

While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. IDC’s Take on Lending Digital Transformation Strategies.

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Lending Strategy Marketing Big Data 354

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

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PYMNTS

JULY 15, 2020

In a conversation with PYMNTS, Nader discussed the role payments plays in helping (or hampering) a company’s global growth ambitions, and the value of an efficient global payments strategy on giving smaller companies a competitive edge that had once been out of reach. New Goals, Old Tech. Although the globalization of U.S.

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PYMNTS

JULY 6, 2020

Steady digitization in stale B2B payments and the open banking movement are two closely related and increasingly exuberant expressions of money’s digital makeover. Impacts expected from open banking on the laggard B2B payments space are hard to understate. Laggard No More.

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PYMNTS

DECEMBER 17, 2020

ESL Federal Credit Union , through a team effort with other organizations, has gone live with real-time payments on the RTP network. ESL joined the RTP network by connecting through BNY Mellon , which helps companies convert to digital payments. Also aiding the team effort is Levvel , a payments technology consulting firm.

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PYMNTS

DECEMBER 20, 2019

To move a B2B transaction from one market to another, the global interbanking system is far from a perfect strategy, though it remains the standard in cross-border payments. Many of these solutions are designed to sit on top of existing payment rails, and improve their weak points. Legacy Rails’ Shortcomings.

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PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. Canadian payments network Interac has experimented with blockchain for consumer payments.

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blockchain Payments Retail Innovation 211

PYMNTS

AUGUST 4, 2019

Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Currently, the system doesn’t operate on weekends and can take days to process certain transactions. But major US banks, including Citigroup, U.S.

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PYMNTS

SEPTEMBER 9, 2020

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., Interestingly, said Manish Gurukula , CEO of Alacriti , it's not the pandemic that has slowed the country's path toward faster payments.

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Perficient

JANUARY 16, 2023

It was a 1970s version of a retailer offering a financial product – credit, to enable sales and, if mom didn’t pay the charge in full at the end of the month, increase profits on the transaction via charging interest. Again, a financial service – credit – had been extended at the point of purchase to facilitate the transaction. .

blockchain 275

blockchain Software Customer Experience Strategy 275

Accenture

JULY 9, 2019

Guest bloggers Anupam Majumdar and Arnab Sinha from our European payments strategy team provide perspective on dissecting the changing revenue fundamentals of European payments. Not all payments segments are created equal. EU average revenue per transaction (€). They are not alone in their thinking. CAGR%, 2015-17.

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Payments Fraud Data Examples 152

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.

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