South State Correspondent

JULY 12, 2023

Next week, FedNow goes live, ushering in the next era of faster payments. FedNow joins The Clearing House, which has offered real-time payments (RTP ® ) for the last five years. Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank.

Payments 370

Payments Management Fraud Data 370

PYMNTS

NOVEMBER 1, 2018

Predictable means that those spikes could be planned, and the technology that powered those payment products were built to accommodate the big spikes that happened once a year, before falling off to average levels. Other than that, out-of-pocket payments for workers are mostly a dying breed.

Innovation 180

Innovation Management Cards Tools 180

PYMNTS

DECEMBER 9, 2020

It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows.

Innovation 297

Innovation Fintech Cards Payments 297

PYMNTS

DECEMBER 15, 2020

Real-time rails continue to gain traction as solution providers debut new tools wielding existing instant payment infrastructure to enhance their offerings to business customers. Visa Talks Payment Rail Innovation. Scotiabank Launches Real-Time Payments For Businesses.

Innovation 236

Innovation Data America Payments 236

PYMNTS

FEBRUARY 10, 2020

PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. Stevens will oversee product delivery and management, as well as its innovation teams. Young will report to Stevens. “We

Innovation 210

Innovation Leadership Washington Cards 210

Perficient

FEBRUARY 2, 2023

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

Industry 471

Industry Trends social media Payments 471

Bank Innovation

MARCH 20, 2019

It’s time to move beyond merely presenting data and toward helping customers take informed action on their finances with that data, according to Jonas Karles, co-founder and COO of Minna Technologies, a PFM provider for subscription and recurring payment management. We've done the pie chart thing,” he told Bank Innovation. “We

Management 267

Management Innovation Data Technology 267

PYMNTS

DECEMBER 23, 2020

Paychex , which provides solutions for HR, payroll, benefits and insurance, is offering users of Clover , a business management platform from Fiserv , the chance to streamline payroll services as well as time and attendance management, according to a press release.

Management 219

Management Tools Strategy Innovation 219

South State Correspondent

SEPTEMBER 20, 2022

Last week, the American Banking Association (ABA) held its annual Bank Marketing Conference in Denver, receiving rave reviews. The theme was – developing your marketing superpowers. Amid the brewery networking, superhero costumes, and fun, some fantastic bank marketing lessons were had, and not just for bank marketers.

Conference 195

Conference Marketing social media Data 195

PYMNTS

NOVEMBER 6, 2018

There is also the chance (please no, not this time) of some hassle with payments, such as the corporate account or card not going through, or maybe, on the travel agency side, a software glitch or another problem that adds friction and frustration to an already long travel day. Innovation Challenges. Innovation Willingness.

Innovation 177

Innovation Payments Industry Study 177

South State Correspondent

MAY 13, 2024

Last week, Nacha held its Smarter Faster Payments Conference in Miami, a significant event for over 1,800 bankers and vendors. With 142 presentations and panels, the content was tailored to the needs of every bank interested in payments. Nacha saw three strong presentations covering various legal aspects of payments.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

DECEMBER 9, 2020

In what’s beginning to feel like something of a trend in recent years, the payments landscape has seen its latest big global consolidation. Italian payments processor Nexi SpA recently announced plans to purchase private equity-owned rival Nets A/S, creating Europe’s biggest payments firm by volume.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

SEPTEMBER 19, 2019

This 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 created to automate payments between the world’s buyers and suppliers. With innovation comes new challenges.

Innovation 134

Innovation Payments Phoenix Security 134

PYMNTS

JANUARY 21, 2021

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. In a nutshell: If banks don’t innovate in a way that is imaginative and proactive, they will lose customers. Launching Into New Markets.

Management 303

Management User Experience Innovation Fintech 303

PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research reveals that B2B payments are is expected to account for the largest portion of faster payments volume in the U.S.,

Innovation 130

Innovation Payments blockchain National 130

PYMNTS

MAY 23, 2017

Innovation is happening at the speed of payments — which, as it turns out, can be pretty fast these days. I travel three weeks out of four to meet our stakeholders in the markets they are in — customers, agents, regulators and employees. This routine occurs no matter where I am in the world. My weekend, however, is at home.

Innovation 190

Innovation Payments Compliance Risk Management 190

Perficient

FEBRUARY 27, 2023

The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.

North Carolina 275

North Carolina Charlotte Payments US 275

PYMNTS

OCTOBER 2, 2020

And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. 3.6T: Projected size of the "embedded finance" market by 2030. 3.6T: Projected size of the "embedded finance" market by 2030.

Innovation 167

Innovation Digital Banking Data Fintech 167

PYMNTS

NOVEMBER 11, 2020

Deutsche Bank has opened a new cash management business in Australia, which will add to its global portfolio, according to a press release. Deutsche Bank now operates a global network of cash management services in 35 locations with 14 in the Asia Pacific, the release stated.

Management 153

Management National Payments Innovation 153

PYMNTS

DECEMBER 2, 2019

Shifting employee landscapes, changes in workers’ demands over how and when they get paid, and technological innovation have combined to open the floodgates for payroll FinTech. has only a minimal reliance on paper paychecks, with direct deposit via the nation’s Bacs payment service commonplace. Speeding Up Wages.

Innovation 186

Innovation Data Payments Groups 186

PYMNTS

MARCH 24, 2020

It’s harder to make them simpler, especially when it comes to payments. The Evolution Of Embedded Payments . To integrate payments in the most efficient way, it, of course, helps to define what integrated payments actually mean, across a constantly shifting payments ecosystem.

Innovation 141

Innovation Payments Software Customer Experience 141

PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. MobileCoin complements the privacy-focused app in that it is “more resistant to surveillance,” according to a 2017 Wired report.

blockchain 244

blockchain Guidelines cryptocurrency Marketing 244

PYMNTS

DECEMBER 30, 2019

firms make and receive B2B payments, even though more cost-efficient digital payment options have become available. This does not mean businesses are disinterested in newer payment innovations, however. Paper checks remain the primary method through which U.S. Recent PYMNTS research finds that 46.4

Innovation 130

Innovation Payments Data Branding 130

PYMNTS

NOVEMBER 12, 2020

Treasury departments need to modernize as they grapple with the pandemic — streamlining the way cash is handled, how strategic decisions about cash flow are crafted and how payments are made. According to Sridhar Kanthadai , APAC head of wholesale payments at J.P. The trend is away from paper, but true digitization does not stop there.

Innovation 295

Innovation Regional Data Payments 295

PYMNTS

SEPTEMBER 9, 2019

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Payments, of course, are a vital part of the whole legal betting process. A key part of user experience is payment speeds.

Innovation 137

Innovation Payments Taxes User Experience 137

Bobsguide

MAY 26, 2022

Generation Life – a leading life insurance company that’s been providing Australians with tax-effective investment solutions for over 18 years – has launched its innovative new lifetime income solution, known as Generation Life LifeIncome, on GBST’s cloud-based wealth administration platform, Composer.

Technology 148

Technology Management Innovation User Experience 148

PYMNTS

MAY 11, 2018

Innovation implies a break from the conventional ways of operating a business. Ultimately, innovation is oxygen for companies in almost any vertical, as competition demands new products and services, improving customer experiences in unexpected ways. Some companies view risk management and compliance as roadblocks to innovation.

Compliance 125

Compliance Innovation Management Risk Management 125

Chris Skinner

MARCH 23, 2017

I’ve been working closely with BKM, the Turkish retail payments clearing company, for a few years now. They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. million POS terminals in the market.

Innovation 196

Innovation Cards Trends System 196

PYMNTS

DECEMBER 15, 2016

When it comes to payments innovation, the problem with banks and other large financial institutions (FIs) isn’t a lack of interest or aspiration. The modern consumer is digital in many ways: in how they shop, pay, interact with brands and manage their finances.

Innovation 100

Innovation Management Payments Meeting 100

PYMNTS

JULY 22, 2019

Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. And there is no shortage of interest in the region in that ability, with particular interest coming from the financial services sector, the cryptocurrency markets and in the healthcare vertical. A Diversity Of Needs.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Finaxar Teams With Visa On SMB Spend Management.

Cards 130

Cards Innovation Management Fraud 130

South State Correspondent

JULY 19, 2023

If you are looking to see the future of how banks will utilize artificial intelligence (AI), look no further than marketing. Even if you are not a bank marketer, this article is worth a read to understand AI’s capabilities. Bank marketing AI is ground zero to showcase the transformation that is already taking place.

Marketing 195

Marketing Training Video Tools 195

PYMNTS

MARCH 17, 2017

PricewaterhouseCoopers — after 83 consecutive years of tabulating the Academy Awards without incident — managed to accidentally put the wrong card in Warren Beatty/Faye Dunaway’s hands for the Best Picture award and … well the rest is YouTube history. PwC is now called Probably Wrong Card!”. Alexander questioned, for example, how Adm.

Innovation 175

Innovation Payments social media America 175

PYMNTS

JUNE 11, 2020

Now that businesses have gotten a taste of what it means to automate workflows like invoicing, accounts receivable (AR) and cash management, they’re likely never turning back. That means not only digitizing invoices, but actually integrating payment capabilities on that electronic document, or within the company website itself.

Management 150

Management Payments Strategy Capital 150

PYMNTS

NOVEMBER 4, 2016

The seed of FinTech innovation often comes from a desire to do things differently. In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer. Take Capital One’s deal with Gem, for instance.

Management 100

Management Innovation blockchain Capital 100

PYMNTS

OCTOBER 7, 2020

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). This week’s commercial card innovation tracker includes the launch of business cards by American Express and Amazon in addition to one by Wyndham Hotel & Resorts and Barclays.

Cards 248

Cards Innovation United States Branding 248

PYMNTS

MARCH 2, 2020

A trillion-dollar market cap later, it’s hard to argue Amazon’s effectiveness, quote attribution notwithstanding. It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation.

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Innovation Data System Mobile 222