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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. That’s not just about the payment but the entire function, from invoice receipt all the way through payment and on to reconciliation.”

Regional 214
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Demand For Faster Payments Skyrockets

PYMNTS

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. Congressional Research Service projects that the pandemic could reduce global trade by anywhere from 13 percent to 32 percent,” according to the May Faster Payments Tracker.

Payments 344
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Deutsche Loops Thai Corporates Into Instant Payments

PYMNTS

Customers at Deutsche Bank ‘s Bangkok branch will soon have access to electronic payments via the bank’s PromptPay service, according to reports. PromptPay is operated by Thailand-based payments service provider National ITMX. Deustche Bank, as such, is aiming to keep payments as fast as possible.

Payments 228
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Today In Payments Around The World: Western Union Grows Real-Time Digital Payments; Visa Wraps Up YellowPepper Acquistion

PYMNTS

In today’s top payments news around the world, Western Union has expanded its real-time digital payout capabilities, while Visa has wrapped up its acquisition of YellowPepper. Western Union Expands Real-Time Digital Payments To 100 Countries. Plus, the eurozone economy is backsliding amid a second lockdown.

Payments 214
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Emirates NBD Debuts International Payments Hub For Six Countries

PYMNTS

Middle Eastern finance group Emirates National Bank Dubai (NBD) has deployed a centralized international payments hub on Tata Consultancy Services ' TCS BaNCS For Payments, according to a press release , which will help to boost payments in numerous countries across the world.

Payments 175
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How TIPS Is Helping ECB Expand Its Real-Time Payments Reach

PYMNTS

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. The ECB sees TIPS as more than just another real-time payments solution, however.

Payments 210
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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According 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 real-time payments rails operating in more than 72 countries, with even more under construction.

Payments 190