Expert insights. Personalized for you.
Grade schools and colleges could use a massive textbook dedicated to payments – their own. Many schools get an F when it comes to payments, but the culprit might actually be the infernal “paper jam.” The writing is on the whiteboard: School’s out for paper payments. MORE
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. MORE
No doubt you already are, but maybe pay even more attention, especially to get a better sense of how digital and mobile payment and commerce trends are playing out in one of the fastest-growing economies in the world. MORE
Gig economy payment processes are check-heavy, and the associated delays can have disastrous consequences for both recipients and their partner companies. Solving Late Payment Frustrations . Gig economy participants make up greater portions of the U.S. MORE
I was recently asked by Volante Technologies to consider what being a digital bank means, specifically for a commercial bank and, even more specifically, the bank’s payments and treasury services. Digital Bank Future Grid Innovation Payments MORE
In India, the company would offer direct peer-to-peer (PSP) payments and services, but Indonesia it would operate differently, due to licensing regulations in the country. . The country also has notoriously strict regulations when it comes to electronic payments. . MORE
Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Backed by over twenty mainly … The post European payments on gas appeared first on Chris Skinner's blog. Grid Payments Regulation MORE
When it comes to late B2B payments, there’s good news and bad news. Among the success stories of the nation’s efforts to combat late supplier payments is construction firm Kier Construction, which, according to The Construction Index , has been reinstated to the U.K. MORE
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. MORE
Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization. MORE
Grid Payments MORE
The rise of digital payments has led to a series of complex issues surrounding how to make those transactions more secure. MORE
In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. MORE
Those experiencing issues like declined payments or damaged products will want to share their frustrations with merchants, but direct communication grows more challenging when digital screens separate businesses and their customers. . Some companies may want to issue payments in U.S. MORE
Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? In reference to payments, a hacker could conceivably change an invoice to help divert funds into different accounts. MORE
MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. The RTP network provides instantaneous payments that allow customers the convenience of using funds right away. MORE
But delivering on that concept — and providing instant push payments on demand — is far from simple. Of course, instant payments have to be secure, risk-managed and in line with regulatory requirements,” Edwards told Webster. Certain payment methods in the U.S. MORE
eBay is pushing forward with efforts to move payments in-house instead of relying on PayPal. Carousel Daily Post 2 Payments Premium Product Design Adyen Apple Pay eBay Google Pay payments PayPal MORE
Facebook is adding a digital payment method to its platform, a move which will facilitate retail transactions, and ultimately encourage customers to stay within its ecosystem. Carousel Payments Product Design Sales & Marketing Facebook Facebook Payments payments infrastructure Venmo MORE
Accounts payable (AP) automation technology has hit the ground running, with solutions designed to accelerate invoice processing, optimize payment strategies and promote digital adoption. It’s among the biggest differences between B2B and B2C payments, Bar noted. MORE
central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. NPCI, the payment regulator governed by the Reserve Bank of India (RBI), launched real-time payments in 2016. MORE
To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. Along with demand for faster payments , the information conveyed in them has significant value. MORE
When The Clearing House launched its Real-Time Payments (RTP) network in 2017, the service was bound to rewrite some rules, and it has. This mostly tracks to fears over the cost and complexity of integration more than any perceived downside to real-time payments. MORE
In the B2B realm, payments travel anything but a straight line. Online, though, payments can travel the straight and narrow, especially across platforms that link supply chains in a marketplace setting. It’s the first supplier-driven B2B payments network,” she said. MORE
PayPal Holdings has ended its payment support to PornHub’s models after the adult entertainment site made certain payments without permission. Following a review, we have discovered that PornHub has made certain business payments through PayPal without seeking our permission. MORE
Effective subscription offerings require careful strategizing around payments, however. Should customers’ recurring payments fail, due to credit cards expiring or other issues, this could produce involuntary churn in which otherwise willing customers are accidentally dropped. MORE
Mastercard is launching a new business-to-business (B2B) payment ecosystem to streamline and simplify transactions between suppliers and sellers. Mastercard Track was originally launched in 2018 as a trade platform to address identity, compliance and payment management needs. MORE
Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Around the Faster Payments World. Airlines are also seeking to enable speedy mobile payments. MORE
Opportunities come in various forms and disguises, and that could be the case for payments and commerce operators when it comes to the European Union’s revised Payment Services Directive (PSD2) and its strong customer authentication (SCA) rules. MORE
One quote in the book that is particularly relevant to one of the hottest topics in payments today goes like this: “ Comfort is the enemy of progress.”. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper. The payments to support that $3.1 MORE
The surge in demand for payments that are faster, less expensive and more accessible has created an opportunity that The Bancorp is fulfilling with forward-thinking technology,” said Matt Carberry, executive vice president and head of payment acceptance at The Bancorp. . MORE
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 MORE
The payments will be processed by Amazon Pay ; customers will be able to use whatever payment source is stored in their Amazon accounts. “We’re Fiserv’s digital commerce technology will activate the gas pump and perform token generation to ensure that the payment process is secure. MORE
based payments startup Curve launched a cross-border in-app money transfer feature, with hopes of making a dent in the lucrative remittance market. Carousel Payments Product Design Startups Curve payments Peer to Peer Payments MORE
To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. senators have introduced the Payment Modernization Act of 2019. MORE
Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere. MORE
FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. The idea with payment orchestration is to discuss the whole payment process and all of the steps that are required. MORE
While one might assume that a payments revolution would be a hard thing to miss, as it turns out, it can happen. Much of making digital payments work more broadly in Africa, he noted, is thinking differently about the context in which they are being used, and what they are replacing. MORE
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. MORE
HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs, which are designed to speed up payments for small businesses and large corporate clients alike. HSBC’s Treasury APIs embed payment capabilities into other workflows. MORE
As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already been well made. Risk is always a concern when you are making a payment, when you aren’t face to face,” McFarland said. Customizing The Payment To The Context . MORE
Innovation in the payments arena has provided more rails upon which to move money. In B2B payments, though, legacy tools continue to lead. All of these payment methods come with their drawbacks. MORE
Payments Related Topics Chris Skinner
JANUARY 16, 2020
Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Backed by over twenty mainly … The post European payments on gas appeared first on Chris Skinner's blog. Grid Payments Regulation
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.
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PYMNTS
JANUARY 3, 2020
Grade schools and colleges could use a massive textbook dedicated to payments – their own. Many schools get an F when it comes to payments, but the culprit might actually be the infernal “paper jam.” The writing is on the whiteboard: School’s out for paper payments.
Bank Innovation
JULY 18, 2019
eBay is pushing forward with efforts to move payments in-house instead of relying on PayPal. Carousel Daily Post 2 Payments Premium Product Design Adyen Apple Pay eBay Google Pay payments PayPal
PYMNTS
JANUARY 8, 2020
Square ‘s mobile card reader undoubtedly made a significant impact on the mobile point-of-sale ( mPOS ) market, and kick-started a slew of recent innovations to broaden the ability for small to medium businesses (SMBs) to accept payments just about anywhere.
PYMNTS
JANUARY 9, 2020
Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization.
PYMNTS
DECEMBER 16, 2019
central bank to consider modeling FedNow after the Unified Payments Interface (UPI) framework used in India, The Economic Times (ET) reported on Sunday (Dec. NPCI, the payment regulator governed by the Reserve Bank of India (RBI), launched real-time payments in 2016.
PYMNTS
JANUARY 20, 2020
FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. The idea with payment orchestration is to discuss the whole payment process and all of the steps that are required.
PYMNTS
OCTOBER 9, 2019
Effective subscription offerings require careful strategizing around payments, however. Should customers’ recurring payments fail, due to credit cards expiring or other issues, this could produce involuntary churn in which otherwise willing customers are accidentally dropped.
PYMNTS
JANUARY 6, 2020
The payments will be processed by Amazon Pay ; customers will be able to use whatever payment source is stored in their Amazon accounts. “We’re Fiserv’s digital commerce technology will activate the gas pump and perform token generation to ensure that the payment process is secure.
Chris Skinner
SEPTEMBER 16, 2019
I was recently asked by Volante Technologies to consider what being a digital bank means, specifically for a commercial bank and, even more specifically, the bank’s payments and treasury services. Digital Bank Future Grid Innovation Payments
PYMNTS
AUGUST 1, 2019
In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds.
PYMNTS
OCTOBER 2, 2019
To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. Along with demand for faster payments , the information conveyed in them has significant value.
Bank Innovation
JANUARY 21, 2020
HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs, which are designed to speed up payments for small businesses and large corporate clients alike. HSBC’s Treasury APIs embed payment capabilities into other workflows.
PYMNTS
JANUARY 17, 2020
When The Clearing House launched its Real-Time Payments (RTP) network in 2017, the service was bound to rewrite some rules, and it has. This mostly tracks to fears over the cost and complexity of integration more than any perceived downside to real-time payments.
Mobile Payments Today
NOVEMBER 22, 2019
The rise of digital payments has led to a series of complex issues surrounding how to make those transactions more secure.
PYMNTS
JULY 22, 2019
Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? In reference to payments, a hacker could conceivably change an invoice to help divert funds into different accounts.
Bank Innovation
JANUARY 2, 2020
based payments startup Curve launched a cross-border in-app money transfer feature, with hopes of making a dent in the lucrative remittance market. Carousel Payments Product Design Startups Curve payments Peer to Peer Payments
PYMNTS
SEPTEMBER 12, 2019
Mastercard is launching a new business-to-business (B2B) payment ecosystem to streamline and simplify transactions between suppliers and sellers. Mastercard Track was originally launched in 2018 as a trade platform to address identity, compliance and payment management needs.
PYMNTS
JANUARY 1, 2020
While one might assume that a payments revolution would be a hard thing to miss, as it turns out, it can happen. Much of making digital payments work more broadly in Africa, he noted, is thinking differently about the context in which they are being used, and what they are replacing.
Insights on Business
APRIL 2, 2019
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.
PYMNTS
JANUARY 23, 2020
MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. The RTP network provides instantaneous payments that allow customers the convenience of using funds right away.
PYMNTS
DECEMBER 5, 2019
Those experiencing issues like declined payments or damaged products will want to share their frustrations with merchants, but direct communication grows more challenging when digital screens separate businesses and their customers. . Some companies may want to issue payments in U.S.
PYMNTS
NOVEMBER 13, 2018
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.
PYMNTS
AUGUST 5, 2019
In the B2B realm, payments travel anything but a straight line. Online, though, payments can travel the straight and narrow, especially across platforms that link supply chains in a marketplace setting. It’s the first supplier-driven B2B payments network,” she said.
PYMNTS
SEPTEMBER 23, 2019
One quote in the book that is particularly relevant to one of the hottest topics in payments today goes like this: “ Comfort is the enemy of progress.”. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper. The payments to support that $3.1
PYMNTS
MAY 3, 2019
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
PYMNTS
JANUARY 24, 2020
Gig economy payment processes are check-heavy, and the associated delays can have disastrous consequences for both recipients and their partner companies. Solving Late Payment Frustrations . Gig economy participants make up greater portions of the U.S.
PYMNTS
SEPTEMBER 24, 2019
Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Around the Faster Payments World. Airlines are also seeking to enable speedy mobile payments.
PYMNTS
JANUARY 6, 2020
When it comes to late B2B payments, there’s good news and bad news. Among the success stories of the nation’s efforts to combat late supplier payments is construction firm Kier Construction, which, according to The Construction Index , has been reinstated to the U.K.
PYMNTS
JANUARY 21, 2020
The surge in demand for payments that are faster, less expensive and more accessible has created an opportunity that The Bancorp is fulfilling with forward-thinking technology,” said Matt Carberry, executive vice president and head of payment acceptance at The Bancorp. .
PYMNTS
NOVEMBER 14, 2019
PayPal Holdings has ended its payment support to PornHub’s models after the adult entertainment site made certain payments without permission. Following a review, we have discovered that PornHub has made certain business payments through PayPal without seeking our permission.
PYMNTS
SEPTEMBER 5, 2019
Opportunities come in various forms and disguises, and that could be the case for payments and commerce operators when it comes to the European Union’s revised Payment Services Directive (PSD2) and its strong customer authentication (SCA) rules.
PYMNTS
OCTOBER 30, 2019
As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already been well made. Risk is always a concern when you are making a payment, when you aren’t face to face,” McFarland said. Customizing The Payment To The Context .
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. It’s among the biggest differences between B2B and B2C payments, Bar noted.
Chris Skinner
OCTOBER 24, 2019
Grid Payments
PYMNTS
SEPTEMBER 17, 2019
But delivering on that concept — and providing instant push payments on demand — is far from simple. Of course, instant payments have to be secure, risk-managed and in line with regulatory requirements,” Edwards told Webster. Certain payment methods in the U.S.
Bank Innovation
NOVEMBER 18, 2019
Facebook is adding a digital payment method to its platform, a move which will facilitate retail transactions, and ultimately encourage customers to stay within its ecosystem. Carousel Payments Product Design Sales & Marketing Facebook Facebook Payments payments infrastructure Venmo
PYMNTS
AUGUST 30, 2019
No doubt you already are, but maybe pay even more attention, especially to get a better sense of how digital and mobile payment and commerce trends are playing out in one of the fastest-growing economies in the world.
PYMNTS
AUGUST 14, 2019
Speedier payments, across the globe – faster and, in some cases, in real time. million: Number of same-day ACH credit and debit payments made during the second quarter of 2019.
PYMNTS
JULY 24, 2019
To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. senators have introduced the Payment Modernization Act of 2019.
PYMNTS
AUGUST 20, 2019
In India, the company would offer direct peer-to-peer (PSP) payments and services, but Indonesia it would operate differently, due to licensing regulations in the country. . The country also has notoriously strict regulations when it comes to electronic payments. .
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