Why Global Gig Workers Like Local Payments

PYMNTS

Though they may work as far as the other side of the world, remote workers still expect the same level of security, trust and speed in payments. Around the Payments and the Platform Economy. By 2023, 73 percent of all offices across the U.S.

Fleet Payments Explore The Connected Car Opportunity

PYMNTS

As financial service conglomerates and innovators move deeper into the B2B payments field, they’re finding a field of opportunity to disrupt clunky manual and legacy processes far beyond the accounts payable (AP) department. In-Car Payments On The Rise.

Bringing Speed And Digitization To Payments

PYMNTS

Few companies meet customer demand for instant business-to-consumer (B2C) payments, while a large share of businesses still rely on paper checks for business-to-business (B2B) payments. 3 percent: Share of companies that meet customer demands for instant B2C payments.

The Value Of Faster Payments

PYMNTS

The flow of money and data across borders is developing a new ecosystem in which payments data has as much value as the funds themselves. million: Total number of merchants participating in Singtel’s VIA cross-border mobile payments alliance. $1

Succeeding in the future of payments

Insights on Business

The payments industry is at an inflection point. Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. Progressive approach to payments modernization.

Russia Joins The Faster Payments Revolution

PYMNTS

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 Startup Marqeta Confirms $260m Funding Round

Bank Innovation

Capital & Funding Daily Post 1 Exclusive Lending Payments Premium Retail Banking Startups Affirm card payments Doordash e-commerce lending Marqeta payments virtual cards

RBC rolls out real-time wire payments tracking for businesses

Bank Innovation

The Royal Bank of Canada today launched a real-time wire payments tracking feature to instill more transparency around the status of payments. The bank is using SWIFT Global Payments Innovation (gpi) technology to power the feature.

Bill.com Debuts AI Business Payments Platform

PYMNTS

Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. Bill.com pointed to its own research, which found the payments platform saves SMB users an average of 5.5

Payment Players Launch U.S. Faster Payments Council To Speed Up Payments

PYMNTS

A group of payment players announced Tuesday (Nov. Faster Payments Council (FPC), aimed at working toward a ubiquitous payment system that enables Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability.

Cambridge Global Payments Automates X-Border AP

PYMNTS

FLEETCOR -owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. Businesses can pay invoices immediately or dictate a payment date while retaining a fixed foreign exchange rate when they upload an invoice to the platform.

Global Demand Grows For Instant Payments

PYMNTS

So it is with payments, where speed counts. The movement toward faster payments and peer to peer (P2P) is, well, quickening. As the Faster Payments Tracker shows, the clamor for speedier payments spans the globe.

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Bank Innovation

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Real-Time Payments Fraud: An FI Infrastructure Issue

PYMNTS

As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. Around the Smarter Payments World. Meanwhile, regulators in other markets are keeping their prime focus on security as payments get smarter and faster.

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Why FIS chose IBM Safer Payments for payment fraud prevention

Insights on Business

With new payments products surfacing regularly, unpredictable threats also continue to increase with these new platforms and services. P2P payments goes mainstream . P2P payments popularity continues to grow exponentially where nearly 60% of people in the U.S.

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Card Payment Use Rises Globally

PYMNTS

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate.

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Payment Megamergers Reshape The Merchant Services Chessboard

PYMNTS

In a PYMNTS interview with Karen Webster, Daniela Mielke, CEO of RS2 North America , said what lies ahead is tied to what’s just behind us, where the mergers of 2019 have been spurred by the biggest change in payments. Consolidation is not confined to the traditional payment behemoths.

Why Blockchain Holds Promise For Cross-Border Payments

PYMNTS

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.

African Mobile Payments Startup OPay Raises $50M

PYMNTS

African payments startup OPay has raised $50 million in funding after investors such as Sequoia China, IDG Capital and Source Code Capital joined in the latest round, according to a report. OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments.

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Amazon Will Soon Accept Bitcoin Payments

PYMNTS

Cryptocurrency payment processing company Moon said any e-wallet that is lightning-enabled can also be used through the company’s browser extension. The company also handles the interface and manages the payment channels.

Xero, Stripe Team On Small Biz Payments

PYMNTS

Small business platform Xero has announced a partnership with Stripe to work on small business payments innovations. Small businesses that enable Stripe payments with Xero invoices are currently paid up to 15 days faster globally, and up to 16 days faster in North America.

Why real cross-channel payment data integration matters

Insights on Business

According to the 2019 AFP Payments Fraud & Control Survey , Automatic Clearing House (ACH) payment fraud increased significantly in 2018, reaching a new record with 82% of organizations reported incidents. IBM Safer Payments does not offer an ill-?tting

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UK Reveals Late Payments Law Loophole

PYMNTS

is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and banks weigh in on the matter with their own efforts to tackle the issue. The U.K.

Adyen Launches New Open Banking Payment Service

PYMNTS

Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking. Adyen said it is one of the early adopters to launch a PSD2 API payment method that provides direct APIs into leading U.K.

Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation.

Why Construction Payments’ Friction Has Nothing To Do With Payments

PYMNTS

A B2B transaction in an industry like construction, where what triggers a payment isn’t a single, simple invoice. It is perhaps unsurprising, then, that the construction sector is no stranger to delayed and late B2B payments. What’s more complicated than a B2B transaction?

Faster Payments, Real-Time Payments And A Few Glitches

PYMNTS

The move toward faster payments is an inexorable one. As reported earlier this month, Hong Kong’s newly debuted Faster Payments System (FPS) has seen its share of controversy, at least at the outset. Perhaps unsurprisingly, real-time payments looms.

Why Certainty Rules Payments

PYMNTS

The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. So, I called and asked whether he would accept payment via my bank app and his mobile phone number. He said when he went to his bank — a small one — to ask for help, he was told the bank didn’t support this type of payment and to return the next day when the manager was back. Ubiquity, of course, is payments nirvana.

Payments Execs On 2019’s Payments Innovation Watershed

PYMNTS

As always, in payments, the one real constant is change. Innovation biometrics Commerce ebook executives Featured News News payments Security TechnologyOne decade draws to a close, the next one looms.

Blockchain 101: Mobile payments

Mobile Payments Today

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

Payments Execs Weigh In On Innovation For The Roaring 2020s

PYMNTS

In payments, 10 years is a long time — where everything can change, and where once fanciful notions can become ubiquitous new ways of transacting. If there is one constant in innovation, especially payments innovation , it is that it’s constantly evolving.

From channel to consumer: humanizing payments

Mobile Payments Today

The payments industry needs to make adjustments based on the needs of their customers, whether related to age, geography or other factors

Payment Apps For When The Marriage Is Over

PYMNTS

It’s not enough to build a real-time payment system if financial institutions (FIs) don’t implement the offering, and extend instant payment services to customers. Around the Faster Payments World. Brazil is working to create a faster payments system as well.

P27 Nordic Payments Platform Teams With Mastercard

PYMNTS

Mastercard and P27 Nordic Payments Platform have teamed up to provide the Nordic market with a real-time and batch payments system, according to a release by the company. “By The CEO of P27 Nordic Payments Platform, Lars Sjögren, said the new system will be good for the region.

Deep Dive: Making Instant Payment Schemes Universal And Interoperable

PYMNTS

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments.

NACHA, FPC Team For Faster Payments Playbook

PYMNTS

NACHA and its Payments Innovation Alliance announced that it is working with the U.S. Faster Payments Council (FPC) to expand the Faster Payments Playbook. payments system.

Western Union’s Playbook For Balancing Cash And Digital Payments

PYMNTS

Despite the dreams and expectations among all kinds of people during the rise of eCommerce and digital payments, cash isn’t really going away. The goal is to enable more payment options for consumers around the world.

Global Payments acquires TSYS for $21.5b

Bank Innovation

The consolidation wave among payments companies got a major boost today with Global Payments’ acquisition of Total Payments Systems (TSYS) for $21.5 Daily Post 1 Uncategorized banking e-commerce First Data Fiserv global payments TSYS

Will Instant Payments Spur Healthcare Innovation?

PYMNTS

Healthcare is an undoubtedly complicated space for all the players involved (the providers, insurers, patients, pharmaceutical manufacturers), particularly when it comes to payments. On the business-to-business (B2B) side of things, payments have improved quite a bit in terms of digitization.

ACH Shows Signs Of B2B Payments Dominance

PYMNTS

New analysis from corporate payments firm Bill.com suggests ACH payments are dominating the accounts payable department. Only 6 percent of respondents said they aren’t using digital payments to pay their corporate clients’ bills.

Flywire Surpasses $10B In Total Payments Volume

PYMNTS

Global payments and receivables company Flywire enjoyed strong growth in 2018 that it plans to carry into this coming year and over $10 billion in total payments volume.

GoCardless Taps DocuSign For SaaS Payments Platform

PYMNTS

GoCardless has announced that DocuSign will deploy its SaaS-based payments platform for its European customer base. and Europe to select Bank / Direct Debit as an alternate payment option. based global businesses to turn to GoCardless to solve their recurring payment needs.”.

Are transaction fee economics for payment services diminishing?

Accenture

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. Pricing pressure is a reality in payments.