INDUSTRY INSIGHTS YOUR PEERS ARE READING
Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions. MORE
In the latest Payments Powering Platforms Tracker , PYMNTS explores the latest efforts by industry giants and platform powerhouses to improve their payment experiences and make their offerings more enticing to consumers globally. Around The Payment Platforms World. MORE
B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Making B2B Payments Rails Hot. Today, a host of innovators are making B2B payments rails sexy again too. This payments debate — old rails/new rails — is not new. MORE
In the smarter payments ecosystem, payments are more than simply moving funds from sender to recipient. These transactions are also about the transfer of data that can inform and improve the payments process. Around The Smarter Payments World. MORE
SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. In effect, this is already a live real-time cross-border payment, SWIFT said in the press release. MORE
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. MORE
Worldpay, the payment technology company, announced Tuesday (Oct. 16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. MORE
On the face of it, the lure of real-time payments might seem like an inevitability. The advocacy comes in the wake of real-time payments infrastructure deployment and use in countries such as the United Kingdom and Singapore. MORE
continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. Payments What's Hot In B2BAs the U.K. MORE
However, these professionals have their own ideas about where corporate payments innovation should be headed. A new report from BNY Mellon , “The Future of Payments: A Corporate Perspective,” surveyed a few corporate clients of the institutions’ Treasury Services unit. MORE
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. MORE
Santander Bank is rolling out a new corporate payments solution aimed at supporting visibility into business transactions via wire, ACH and check. The bank debuted its Santander Enterprise Payment Link (EPL) solution in a press release issued Monday (Nov. MORE
The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. Drilling down a bit from pan-European efforts in payments infrastructure to more granular ones, in the U.K., MORE
The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions. 3) that, in Hungary, commercial banks have started a test phase for a domestic instant payments system, with a “go live” date slated for July 1. MORE
The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. “The initial thrust of electronic B2B payments was myopically viewed from the buyer’s perspective,” Clark told Webster. MORE
While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. MORE
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. MORE
It’s no surprise that payments fraud is on the rise. B2B Payments B2B banking charity CNP fraud credit FBI fraud money laundering Mule Account News payments fraud MORE
That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.S. Payment Options. MORE
The influx of freelancers is pushing companies to adopt even faster methods of disbursements to satisfy their need for payment speed. More real-time payment systems are popping up in Europe, with the number of systems tripling in the past four years. MORE
It offers payment services for people who want to send money to Thailand and the Philippines. The app is being formally released by Coinone’s payments subsidiary, Coinone Transfer, to enable people without banks or bank accounts to transfer money at a low cost. MORE
The need is widespread, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation , and the call for faster and instant disbursements has come in loudly from enough corners to dub 2018 as the “Great Awakening” of push payments. MORE
In a renewed show of support for blockchain technology , American Express General Manager of Corporate Payments Carlos Carriedo has suggested that its pilot tests with partner Ripple to enable real-time cross-border corporate payments have been a success. MORE
Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as the acting executive director and interim board chair, according to a news release by the organization. The U.S. MORE
New technologies are enabling consumers and business to experience faster payments than ever before: While only 25 real-time payment systems were operational worldwide last year, 40 such rails were live this September, and 67 percent of consumer payments are now made electronically. MORE
Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. Data is crucial and — fortunately, for banks and businesses in the smarter payments space — plentiful. billion payments by 2026. MORE
The recent announcement that China’s UnionPay and Huawei are teaming up to bring Huawei Pay to Russia stands as the latest example that alternative payments are spreading to different parts of the world. The Huawei Mate S was the first Huawei device to support the new payment capabilities. MORE
As NACHA expands Same Day ACH functionality, it’s unclear how small and medium-sized businesses (SMBs) will embrace the faster payment capability. New data has emerged about how SMBs use other payment rails , including cards and wire transfers. MORE
As a growing group of consumers around the globe adopt digital payment platforms and tools, some well-known players, including Google and Amazon, are now working to improve and expand access to the solutions that will make those transactions as frictionless as possible. MORE
Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. The initiative will focus on creating an architecture that will eventually allow for the real-time processing of electronic payments. MORE
The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient payment tools. MORE
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. MORE
According to a blog post , Ripple said that in addition to the 200 customers, it has seen a 350 percent increase in customers who are sending live payments over its blockchain platform. Cryptocurrency Blockchain cryptocurrency News payment network real time payments Ripple What's Hot XRP MORE
B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). This week, the company announced the launch of its B2B payments network, which allows a small business to turn a check payment into usable funds via prepaid card. MORE
The only details released so far have said that a red light will be shown to identify repeat offenders, as well as for companies that fail to publish their payment terms, which they are obligated to do twice a year. The U.K. MORE
In life, change is the only constant, so why should it be different for payments? As usual, we spoke to a plethora of payments executives (25 to be exact), each with a perspective on what’s in the rearview mirror and what lies on the road ahead. MORE
Payment company Square , popular for its square-shaped mobile card reader, has released an in-app payments software development kit (SDK) that will give developers and sellers alike a new way to process payments. The SDK is customizable and works with most payment types. MORE
When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms. 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
The subway system in Hong Kong will allow commuters to scan a QR code as a payment method after announcing a deal with Alibaba’s payment affiliate Ant Financial last week. It’s not clear if the payment method will be extended to MTR’s rails, buses and other transportation methods. MORE
It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. The goal is to basically introduce a solid foundation of proactive action to these commercial payments instead of simply falling back into reactive responses. MORE
Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems. The goal of the process is to improve the safety and security of payments. MORE
Forty countries: That’s how many places either have real-time payments programs in progress or live. Along the way they dug into important data points that describe not only the current status of real-time payments , but the opportunities that could help spark further growth. MORE
There is also the chance (please no, not this time) of some hassle with payments, such as the corporate account or card not going through, or maybe, on the travel agency side, a software glitch or another problem that adds friction and frustration to an already long travel day. MORE
Payments Related Topics 
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
DECEMBER 12, 2018
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.
PYMNTS
DECEMBER 17, 2018
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.
PYMNTS
JANUARY 1, 2019
The need is widespread, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation , and the call for faster and instant disbursements has come in loudly from enough corners to dub 2018 as the “Great Awakening” of push payments.
PYMNTS
JANUARY 7, 2019
The recent announcement that China’s UnionPay and Huawei are teaming up to bring Huawei Pay to Russia stands as the latest example that alternative payments are spreading to different parts of the world. The Huawei Mate S was the first Huawei device to support the new payment capabilities.
PYMNTS
NOVEMBER 1, 2018
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.
PYMNTS
JANUARY 4, 2019
The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions. 3) that, in Hungary, commercial banks have started a test phase for a domestic instant payments system, with a “go live” date slated for July 1.
PYMNTS
JANUARY 15, 2019
Faster Payments Council (FPC), a membership comprised of payment industry leaders, has appointed Kevin Christensen, a senior executive at the SHAZAM network, as the acting executive director and interim board chair, according to a news release by the organization. The U.S.
PYMNTS
DECEMBER 20, 2018
In life, change is the only constant, so why should it be different for payments? As usual, we spoke to a plethora of payments executives (25 to be exact), each with a perspective on what’s in the rearview mirror and what lies on the road ahead.
PYMNTS
JANUARY 9, 2019
Payment company Square , popular for its square-shaped mobile card reader, has released an in-app payments software development kit (SDK) that will give developers and sellers alike a new way to process payments. The SDK is customizable and works with most payment types.
PYMNTS
NOVEMBER 6, 2018
Santander Bank is rolling out a new corporate payments solution aimed at supporting visibility into business transactions via wire, ACH and check. The bank debuted its Santander Enterprise Payment Link (EPL) solution in a press release issued Monday (Nov.
PYMNTS
JANUARY 8, 2019
Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems. The goal of the process is to improve the safety and security of payments.
PYMNTS
DECEMBER 6, 2018
Forty countries: That’s how many places either have real-time payments programs in progress or live. Along the way they dug into important data points that describe not only the current status of real-time payments , but the opportunities that could help spark further growth.
PYMNTS
OCTOBER 8, 2018
B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Making B2B Payments Rails Hot. Today, a host of innovators are making B2B payments rails sexy again too. This payments debate — old rails/new rails — is not new.
PYMNTS
DECEMBER 12, 2018
In a renewed show of support for blockchain technology , American Express General Manager of Corporate Payments Carlos Carriedo has suggested that its pilot tests with partner Ripple to enable real-time cross-border corporate payments have been a success.
PYMNTS
DECEMBER 4, 2018
The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. Drilling down a bit from pan-European efforts in payments infrastructure to more granular ones, in the U.K.,
PYMNTS
JANUARY 8, 2019
According to a blog post , Ripple said that in addition to the 200 customers, it has seen a 350 percent increase in customers who are sending live payments over its blockchain platform. Cryptocurrency Blockchain cryptocurrency News payment network real time payments Ripple What's Hot XRP
PYMNTS
JANUARY 8, 2019
That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.S. Payment Options.
PYMNTS
NOVEMBER 28, 2018
B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). This week, the company announced the launch of its B2B payments network, which allows a small business to turn a check payment into usable funds via prepaid card.
PYMNTS
DECEMBER 11, 2018
As a growing group of consumers around the globe adopt digital payment platforms and tools, some well-known players, including Google and Amazon, are now working to improve and expand access to the solutions that will make those transactions as frictionless as possible.
PYMNTS
DECEMBER 13, 2018
Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. The initiative will focus on creating an architecture that will eventually allow for the real-time processing of electronic payments.
PYMNTS
DECEMBER 14, 2018
Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. Data is crucial and — fortunately, for banks and businesses in the smarter payments space — plentiful. billion payments by 2026.
PYMNTS
JANUARY 4, 2019
It’s no surprise that payments fraud is on the rise. B2B Payments B2B banking charity CNP fraud credit FBI fraud money laundering Mule Account News payments fraud
PYMNTS
NOVEMBER 12, 2018
However, these professionals have their own ideas about where corporate payments innovation should be headed. A new report from BNY Mellon , “The Future of Payments: A Corporate Perspective,” surveyed a few corporate clients of the institutions’ Treasury Services unit.
PYMNTS
NOVEMBER 6, 2018
There is also the chance (please no, not this time) of some hassle with payments, such as the corporate account or card not going through, or maybe, on the travel agency side, a software glitch or another problem that adds friction and frustration to an already long travel day.
PYMNTS
DECEMBER 11, 2018
It offers payment services for people who want to send money to Thailand and the Philippines. The app is being formally released by Coinone’s payments subsidiary, Coinone Transfer, to enable people without banks or bank accounts to transfer money at a low cost.
PYMNTS
JANUARY 9, 2019
While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch.
PYMNTS
NOVEMBER 5, 2018
As NACHA expands Same Day ACH functionality, it’s unclear how small and medium-sized businesses (SMBs) will embrace the faster payment capability. New data has emerged about how SMBs use other payment rails , including cards and wire transfers.
PYMNTS
NOVEMBER 12, 2018
continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. Payments What's Hot In B2BAs the U.K.
PYMNTS
OCTOBER 16, 2018
Worldpay, the payment technology company, announced Tuesday (Oct. 16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K.
PYMNTS
JANUARY 7, 2019
The only details released so far have said that a red light will be shown to identify repeat offenders, as well as for companies that fail to publish their payment terms, which they are obligated to do twice a year. The U.K.
PYMNTS
DECEMBER 26, 2018
Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions.
PYMNTS
JANUARY 2, 2019
On the face of it, the lure of real-time payments might seem like an inevitability. The advocacy comes in the wake of real-time payments infrastructure deployment and use in countries such as the United Kingdom and Singapore.
PYMNTS
DECEMBER 14, 2018
When PYMNTS asked cross-border payments experts at the end of last year what they thought the driving trend would be for the industry in 2018, the consensus was all about collaboration , particularly between banks and FinTech firms.
PYMNTS
NOVEMBER 18, 2018
The subway system in Hong Kong will allow commuters to scan a QR code as a payment method after announcing a deal with Alibaba’s payment affiliate Ant Financial last week. It’s not clear if the payment method will be extended to MTR’s rails, buses and other transportation methods.
PYMNTS
NOVEMBER 7, 2018
New technologies are enabling consumers and business to experience faster payments than ever before: While only 25 real-time payment systems were operational worldwide last year, 40 such rails were live this September, and 67 percent of consumer payments are now made electronically.
PYMNTS
NOVEMBER 13, 2018
In the latest Payments Powering Platforms Tracker , PYMNTS explores the latest efforts by industry giants and platform powerhouses to improve their payment experiences and make their offerings more enticing to consumers globally. Around The Payment Platforms World.
PYMNTS
NOVEMBER 7, 2018
The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient payment tools.
PYMNTS
DECEMBER 12, 2018
In the smarter payments ecosystem, payments are more than simply moving funds from sender to recipient. These transactions are also about the transfer of data that can inform and improve the payments process. Around The Smarter Payments World.
PYMNTS
NOVEMBER 1, 2018
The influx of freelancers is pushing companies to adopt even faster methods of disbursements to satisfy their need for payment speed. More real-time payment systems are popping up in Europe, with the number of systems tripling in the past four years.
PYMNTS
OCTOBER 21, 2018
SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. In effect, this is already a live real-time cross-border payment, SWIFT said in the press release.
PYMNTS
DECEMBER 20, 2018
The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. “The initial thrust of electronic B2B payments was myopically viewed from the buyer’s perspective,” Clark told Webster.
PYMNTS
NOVEMBER 6, 2018
It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once called the ether. The goal is to basically introduce a solid foundation of proactive action to these commercial payments instead of simply falling back into reactive responses.
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