PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. There are some key differences in place between CoDi and what might be seen elsewhere. Solving For The Chicken And Egg Problem.

Payments 363

Payments User Experience System Mobile 363

PYMNTS

OCTOBER 9, 2020

Watchers of the B2B payments space already know how overwhelming the power of inertia can be. I think one of the most interesting things in terms of how [the pandemic] has revolutionized and accelerated all things digital payments is that companies historically are really slow or hesitant to adopt new payment modalities,” Harris said. “An

Payments 185

Payments User Experience Industry Fintech 185

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Payments 287

Payments Fraud Survey Fintech 287

PYMNTS

AUGUST 10, 2020

You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. In other cases, stimulus payments were commingled with tax refunds, and were subject to garnishment.

US 345

US Payments Maine System 345

PYMNTS

JANUARY 8, 2021

Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A So Much More Than Payments.

Operations 349

Operations Payments Industry Management 349

PYMNTS

OCTOBER 16, 2020

It was a busy week for commerce and payments, as consumers are harnessing connected devices for digital-first shopping and firms are looking to harness tools to speed up business-to-business (B2B) disbursements and payments. How Visa, FIS, TCH, SWIFT, Nacha And Circle See The Future Of Faster, Real-Time Payments Rails .

Payments 239

Payments San Francisco Fintech Tools 239

PYMNTS

JANUARY 1, 2019

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. We also guarantee that this prediction will hold, regardless of who one is talking about or the use case to which it pertains. Progress Points.

Payments 198

Payments Industry Millennials Groups 198

PYMNTS

FEBRUARY 19, 2019

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. In the U.K., In the U.K.,

Payments 189

Payments Data Management Strategy 189

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. Adopt faster payments.

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PYMNTS

JANUARY 17, 2020

Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. That’s not to say that small- to medium-sized business (SMB) invoice payment challenges are any easier to overcome. The result?

Payments 154

Payments Tools Cards Technology 154

PYMNTS

MARCH 18, 2019

Take two announcements from just last week, related to the evolution of faster payments in the U.S. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Okay, so maybe the Fed’s payments folks are just busy.

Payments 201

Payments Cards Operations System 201

PYMNTS

NOVEMBER 9, 2020

This earnings season, the downturn has become apparent as several corporate payments technology players post losses. What's more, the market lull may offer a moment to focus on innovation for the future as commercial payment habits shift — perhaps permanently. Boosting The Banking Experience.

Innovation 255

Innovation Fintech Payments Mobile 255

PYMNTS

JANUARY 25, 2019

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. as an example.

Payments 167

Payments System Tools Data 167

PYMNTS

OCTOBER 16, 2020

In an interview with PYMNTS, Daniel Wideman, VP of product at Spreedly, said that platforms, payments orchestration and smart routing of transactions are becoming “must-haves” in an online world – and are improving conversion rates, too. More than ever, they are now embracing multi-gateway strategies and payment orchestration.

Payments 188

Payments Online Strategy Washington 188

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Security 193

Security Payments Survey Innovation 193

PYMNTS

JUNE 17, 2019

The rise of faster payment systems has become a global phenomenon. In the past few years, several global markets have invested resources into developing payment systems and infrastructure that enables funds to be delivered in real-time and that operate on a 24/7 cycle.

Payments 201

Payments System National Mobile 201

PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. to fully embrace real-time payments for both B2B and B2C activity.”. Where We Stand In The US.

Payments 196

Payments United States Innovation System 196

PYMNTS

DECEMBER 10, 2020

This is despite the fact that these consumers and microbusinesses on the receiving end value faster access to funds and want them to arrive on the same day they are sent. Instant payment methods have yet to gain traction as most receivers are not as familiar with such options, however. Our findings show that 52.8

Report 219

Report United States Millennials Payments 219

PYMNTS

AUGUST 6, 2019

Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “We financial system and the U.S.

System 214

System Payments Operations United States 214

PYMNTS

DECEMBER 18, 2020

If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises ( B2B ). Morgan , said financial institutions (FIs) need to offer those firms payments functionality on demand.

Payments 169

Payments System United States Examples 169

PYMNTS

MARCH 19, 2019

Ours is swiftly becoming the age of digital payments, push payments and instant payments, done by bits and bytes rather than through the conduits of coins and bills. Cash will never really die, even as countries embrace real-time payments, and as their financial service infrastructures improve.

Data 216

Data Payments United States System 216

PYMNTS

JANUARY 3, 2020

In just three years, one word, one idea, has rewritten the payments rulebook: “instant.” Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. Making Money Fast. Want to make a CFO smile?

Payments 151

Payments Fraud Fintech Security 151

PYMNTS

JANUARY 21, 2019

There’s a canary in the faster payments coalmine. That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. It flew in on Dec. Here’s where the canary flew in.

Payments 194

Payments System Innovation Cards 194

PYMNTS

DECEMBER 30, 2020

Between the explosion of the digital economy driven by the pressures of the pandemic and the radical realignment of consumer preferences that has happened as a result, the year 2020 has seen digital payments accelerate at something approaching warp speed. It’s a consumer choice, [offering] everything and anything they want,” Turner said. “We

Payments 281

Payments Innovation America Mobile 281

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. CUs value innovation that benefits members. percent and 39.4

Innovation 152

Innovation Payments Millennials Survey 152

PYMNTS

DECEMBER 10, 2020

When the pandemic hit, disruptive changes in the workforce meant chief financial officers needed new corporate payment solutions — and they needed them fast. Last month, Visa and Conferma Pay announced their strategic partnership and the launch of Visa Commercial Pay, a suite of B2B payment solutions. And finally, they need efficiency.

Security 266

Security Mobile Meeting Payments 266

PYMNTS

DECEMBER 6, 2018

The Fed had discussed actions that could aid in the creation of a faster payment system, such as the development of a real-time settlement service. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

Retail 139

Retail Payments Chicago System 139

PYMNTS

JANUARY 24, 2019

For example, nearly one-third of gig workers still report cash as their favored payment method. Furthermore, 22 percent are interested in joining the gig economy, but are unsure quite how to do so, and 25 percent expressed uncertainty about what the gig economy is at all. However, there were a few statistics that were a bit surprising.

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Payments Examples How To Maine 172

PYMNTS

DECEMBER 20, 2017

What do track and field stars, NASCAR drivers and millions of businesses owners around the United States have in common? While more speed may mean more endorsement money for athletes, it means faster settlements and more efficient business for commercial banking customers. Getting faster…. in more than four decades.

Payments 209

Payments United States Digital Banking Fraud 209

South State Correspondent

AUGUST 3, 2023

Seasoned bankers call it “The Distributor Tactic,” and it is a little-discussed technique used for ages in banking to speed up the sales cycle to land commercial bank deposits and treasury management accounts faster. A banks increase cross-sell, commercial bank deposits grow.

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Metro Data Management Marketing 195

Independent Banker

AUGUST 31, 2021

The payments space can be dizzying for even the most enterprising community bank. Faster payments. A barrage of new payments potential has shaped the market since the start of the pandemic. What are the things that matter most to them? Photo by Jorg Greuel/Getty. By Colleen Morrison. Banking-as-a-service (BaaS).

Trends 91

Trends How To Payments Community Bank 91

PYMNTS

AUGUST 10, 2020

Product recommendations, informed by purchase histories and preferred payment methods, are becoming a standard aspect of digital checkout experiences. Kaufman explained in an interview with PYMNTS how payment and content customization can impact consumers’ digital user experiences.

User Experience 242

User Experience Payments New York City Tools 242

PYMNTS

MARCH 4, 2020

The Australian Competition & Consumer Commission ( ACCC ) has partnered with the Australian Securities & Investment Commission ( ASIC ) over the schemes, which involve a supplier discounting an invoice to get a faster payment. ACCC chairman Rod Sims said several companies were using the schemes to alter payment times.

Payments 140

Payments Lending Security Company 140

PYMNTS

JUNE 26, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on faster worker pay as well as cloud banking and news on WhatsApp’s payment functionality in Brazil. Top News . Mastercard Inc.

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Apple Payments Meeting Conference 231

PYMNTS

SEPTEMBER 17, 2019

Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. JPMorgan Chase announced a collaboration with WePay last week to enable faster deposits for small business joint customers. Treasurers See Faster Payments Benefits.

Payments 109

Payments Community Bank Community Survey 109

PYMNTS

MARCH 10, 2017

Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. In the U.S. Coopetition Is Key .

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Payments Innovation Security Community 168

PYMNTS

JULY 26, 2019

The modern-day financial services landscape has a need for speed, and one of the slowest areas of the market can be seen in cross-border payments. Remittance and peer-to-peer payment technologies have accelerated transaction speeds for consumers tired of waiting days for money to move across borders.

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Innovation Payments Course System 160