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

APRIL 9, 2020

From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. While it’s still early days, Boost Payment Solutions Founder and CEO Dean M.

Cards 232

Cards Payments Tools Operations 232

PYMNTS

OCTOBER 23, 2020

Leavitt , founder and CEO of Boost Payment Systems , told PYMNTS in a recent Masterclass that businesses large and small that have traditionally relied on the manual processes associated with writing checks or wiring funds to pay their suppliers are increasingly using commercial credit cards for payment instead.

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Cards Payments Data Examples 207

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.

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PYMNTS

JUNE 1, 2020

Any sudden shock to the system like we have observed with the pandemic exposes both vulnerabilities and opportunities, especially for payments. But as to where we are headed — well, that’s a bit tougher to divine. As Ingo Money’s Edwards said, there’s been very little innovation for decades on the disbursement side of payments.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

OCTOBER 14, 2020

No one was predicting the situation we have — finding yourself in the middle of what is hopefully a once-in-a-millennium-type pandemic,” he said. “I 14) the latest global expansion of its new installment payment product in the U.K., And in that spirit, PayPal is announcing Wednesday (Oct. called Pay in 3.

Regional 274

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PYMNTS

AUGUST 21, 2019

International B2B payments are in the crosshairs of many a firm eager to seize the opportunity to move the trillions of dollars that cross borders away from checks. But on an international stage, cross-border corporate payments can present challenges, especially when it comes to getting suppliers to adapt to digital payments.

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Cards Payments United States America 146

PYMNTS

DECEMBER 5, 2019

The creation of credit card infrastructure 60 years ago initially had the consumer in mind, but recent history has shown that investments in card technology are capturing a greater share of the B2B payments market. Much of the pushback, he said, stems from a few “knee-jerk” misconceptions that suppliers hold about virtual card payments.

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Cards Payments Technology Tools 132

PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. PayPal, Square and the Power of Scale in Payments .

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Lending Payments Exercises Report 187

PYMNTS

JULY 31, 2019

Speeding payments along a supply chain has the benefit of helping the smallest firms – the most vulnerable links – thrive via steadier cash flow and easier day-to-day planning. The service has been added to the company’s accounts payable offering, according to a release last week. ACH or global ACH do not settle on the same exact day).

Payments 174

Payments Capital Data Examples 174

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.

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PYMNTS

NOVEMBER 24, 2020

Citcon CEO Chuck Huang , Extend CEO Woody Levin , PAAY CEO Yitz Mendlowitz , Paytronix Systems CEO Andrew Robbins and Greg Lisiewski , PayPal’s vice president of global pay later products, talked with Karen Webster recently about what challenges retailers will face in this unusual holiday season. Using Payments To Engage Consumers .

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PYMNTS

NOVEMBER 7, 2019

In today’s top payments news, FreshBooks has integrated with JPMorgan Chase ’s WePay to provide small businesses with same-day as well as next-day deposits. JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts. FreshBooks Offers Same-Day Deposits To SMBs. FreshBooks Payments enables its U.S. Massaro said.

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PYMNTS

FEBRUARY 21, 2020

Fast payments, reliable identification, security and seamless booking remain key ways that such homesharing sites can maximize growth. Trust is key in our business, and payments [are] key because [they are] linked to trust,” de Landes said in a recent interview with PYMNTS. Confronting Payment Complexity in Travel . Euros, U.S.

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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

FEBRUARY 21, 2017

Faster is better when it comes to payments — but only if with speed comes surety. In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time.

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PYMNTS

NOVEMBER 15, 2017

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. To that end, the Fed held a webinar late last month titled “ Next Steps in the Payments Improvements Journey.”. remains in full force. .

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PYMNTS

SEPTEMBER 17, 2019

Opaque payments moving sluggishly across borders and between banks. There is a mountain of friction in commercial payments today that seems to have held the industry back from the kind of rocket-pace innovation propelling retail and consumer payments into the future. Payment Rails Converging. Spreadsheets.

Innovation 132

Innovation Payments Cards Industry 132

PYMNTS

MARCH 12, 2020

Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity.

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Meeting Data Payments Operations 213

PYMNTS

AUGUST 31, 2018

Right now, it looks like a blood pressure cuff with wires and tiny boxes attached to it. But it’s only a prototype — one invented by high school seniors in the San Francisco Bay area — that could one day change how blind consumers handle payments and commerce, along with other daily tasks. Payment Features. Product Idea.

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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

OCTOBER 14, 2020

The endpoint of that obsession was the creation of Casai , a technology-centered hospitality brand committed to offering smart, delightful living spaces for travelers looking for either short visits or long-term stays. And that’s what they started building 18 months ago with the “nomadic generation in mind.”.

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PYMNTS

OCTOBER 1, 2019

Maps can teach us about how we live now and what changes are in store. We don’t mean to get all PBS-serious on you, dear PYMNTS readers, but we have a point, as long-winded as it might be. We don’t mean to get all PBS-serious on you, dear PYMNTS readers, but we have a point, as long-winded as it might be.

Google 146

Google Payments Software Technology 146

PYMNTS

JUNE 18, 2020

Carrier billing in its original form offers consumers an easy, friction-free way to purchase digital goods without having to fumble with entering a 16-digit credit card number. consumers will be most familiar with are phone plans that offer a free subscription to Apple Music , Disney+ or Netflix. billion less than halfway through 2020.

Examples 161

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PYMNTS

DECEMBER 4, 2017

When it comes to payments, old habits die hard. That proves especially true in business-to-business payments. How to streamline payments between buyers and suppliers who are unaware that new technology can significantly enhance operational efficiencies? Stubbornly entrenched, some would say. How, then, to un-entrench?

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Course Payments Cards System 101

PYMNTS

MARCH 30, 2018

When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. The vast majority of that volume and value, however, was in the form of business-to-consumer payments, while B2B transactions accounted for just 6 percent of this activity. Faster payments are “the No. and Canada.”.

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Cards Payments Innovation Industry 133

PYMNTS

NOVEMBER 9, 2017

What can foreign exchange service providers learn from the Uber model? Removing exchange risk often positions a business to negotiate more favorable commercial terms, according to Mark Frey, COO of Cambridge Global Payments , a cross-border payment and currency risk management strategy provider.

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PYMNTS

APRIL 14, 2017

The Association for Financial Professionals (AFP) came out with some scary statistics this month: B2B payments fraud is not only on the rise, but at its highest levels ever since the AFP began recording this information. much of the data offers a pessimistic outlook on how companies are at risk for payments fraud.

Fraud 101

Fraud Data Payments Survey 101

PYMNTS

JULY 2, 2020

Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. “We’re seeing a lot more of that mentality.”

Cards 260

Cards Capital Strategy Payments 260

PYMNTS

AUGUST 15, 2019

Geek Wire reported that the announcement came on the same day the eCommerce giant launched its fourth 4-star store in Seattle. We created Amazon 4-star to be a place where customers can discover products they will love. So we see a lot of value in that as well,” said Amazon Chief Finacial Officer Brian Olsavsky back in 2017.

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PYMNTS

JANUARY 2, 2017

With the increasing trade volume between the two countries, payments have become a major pain point for retailers that often rely on wire transfers, which can take up to three days to complete. That’s a problem that San Francisco-based Wyre is offering to solve with its real-time cross-border payment solution.

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Payments blockchain San Francisco Compliance 105

PYMNTS

MARCH 29, 2018

Any FinTech operating in the procure-to-pay, vendor payments and accounts payable (AP) spaces can’t deny the fact that paper checks are a headache. But they also can’t deny that checks continue to make up about half of the supplier payments volume (in the U.S., Frankly, we think checks will be around for many years.

Payments 108

Payments Cards Fraud Survey 108

PYMNTS

DECEMBER 8, 2017

Much changes in a quarter century in any realm — personal and professional — but especially in payments. And especially in cross-border payments , where, amid globalization, currencies shift and businesses connect across time zones, languages and even industries. which means we get to know the person behind the transaction.

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Payments Course Technology Examples 110

Abrigo

AUGUST 18, 2020

Money mule schemes require someone to deposit a fraudulent check into their account and wire a certain amount back to the fraudster. The government was quick to roll-out PPP loans to offer relief to small businesses and communities. It’s not ‘what can we do in the short term?’ Embracing a remote workforce.

Fraud 195

Fraud Lending Trends Compliance 195

Abrigo

AUGUST 18, 2020

Money mule schemes require someone to deposit a fraudulent check into their account and wire a certain amount back to the fraudster. The government was quick to roll-out PPP loans to offer relief to small businesses and communities. It’s not ‘what can we do in the short term?’ Embracing a remote workforce.

Fraud 195

Fraud Trends Compliance Technology 195

PYMNTS

MARCH 3, 2020

Two days into outages that hobbled Robinhood , the online financial services company that offers an app primarily used by younger traders, and there are lessons to be learned. Along the path of its seven-year history, the company has offered checking accounts, and then abandoned that idea, then relaunched it. The hard way, it seems.

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PYMNTS

NOVEMBER 27, 2019

The exact cause of ISOs’ predicted death changes every few years depending on what is going on in the payments ecosystem at the moment, First American ’s Vice President of Strategic Partnerships John Newton told PYMNTS in a recent conversation. ISOs whose processors have recently merged or been acquired must ask: ‘Will we be as valued?

Innovation 161

Innovation Software Payments Marketing 161