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.

How Data Will Speed The Move To Cashless Payments

PYMNTS

Ours is swiftly becoming the age of digital payments, push payments and instant payments, done by bits and bytes rather than through the conduits of coins and bills. Consider the fact that roughly half of business payments in the United States are still done via checks.

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Faster Payments, Faster Fraudsters

PYMNTS

Real-time schemes represent significant changes to the world’s existing payments infrastructure. Bad actors can utilize ATOs and application fraud to take advantage of real-time payments rails and access stolen funds. Understanding Real-Time Payments Changes.

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.

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?

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.

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.

How Payments (And Healthcare) Drive Digital Innovation

PYMNTS

There is a gap between what merchants say they want to do toward innovation and what they actually do — and from that gap come insights into retail and payments. A big payments acquisition, meanwhile, shines light on what the next commerce and transaction developments will look like.

Apple Buys Payments API Developer Stamplay

PYMNTS

While it’s unknown exactly why Apple is interested in Stamplay, the fact that the company has experience in the financial payments industry could be beneficial to the tech giant with Apple Pay, its digital payment service.

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Crypto Goes After Intercompany B2B Payments

PYMNTS

Corporate payments are still not a guaranteed use case for cryptocurrencies. Co-Founder Dmitry Lazarichev explained to PYMNTS why the company remains confident in cryptocurrency’s potential for corporate payments. Cross-Border Payments Friction.

Making P2P Payments Fraud-Free

PYMNTS

In today’s digital payments ecosystem, businesses, banks and consumers alike want access to their money as fast as possible. While the faster speed of payments is clearly appealing for users, there is now less time available to catch fraudsters as they attempt to steal funds.

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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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The State Of Faster Payments: ‘Early Innings’

PYMNTS

Might the state of faster payments be described as “conflicted?”. That can be a problem when, by and large, payments as an industry still operates through what might be termed as “a batch process.” I would say the same thing about a lot of the faster [payment] rails.”.

Mastercard Strengthens Ties With Finexio For Supplier Payments

PYMNTS

Mastercard and B2B payment network Finexio are entering into a strategic partnership to strengthen their supplier payment offering. “In partnering with Mastercard, we are now able to introduce more businesses to the efficiencies of electronic payments.

How Airbnb Uses Payments To Stay Competitive

PYMNTS

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Around the Payments and Platform Economy World. Airbnb on Payments, User Friction and Security Challenges in a Global Market.

Canada Cannabis Payments Face Hurdles

PYMNTS

Still, even after all these months, and even with legalization done at a federal scale (as opposed to province by province), the cannabis payments process has hardly hit a full stride. Payments Warning. AML canada Cannabis digital payments Marijuana News payments pot regulations

Beyond Unattended Retail, There’s Unattended Payments

PYMNTS

In an interview with Karen Webster, Will Byrne, CEO of omnichannel solutions provider Worldnet , pointed to what he termed the “Uberization of the payment experience.” Most have heard of the Amazon effect, and the Uber effect.

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NatWest Testing Biometric Fingerprint Card Payments

PYMNTS

bank, is kicking off a test in which customers can use biometric fingerprint technology for card payments. According to a report in CNBC , citing NatWest, about 200 customers will participate in the pilot, with each of them able to use a fingerprint to make payments of more than £30 ($39.11).

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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.

Tackling Fraud With P2P Payments

PYMNTS

Companies are working to keep funds safe from bad actors as payments grow increasingly faster with person-to-person (P2P) solutions and real-time platforms. In addition, dollar bills, C-notes and the like are surviving , despite a push for cashless payments.

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How Payment Plans Can Cure Healthcare Payments’ Biggest Problem

PYMNTS

Among the findings of “ The Changing Landscape of Healthcare Payment Plans ” study, released last month, through the joint efforts of PYMNTS and Flywire : The struggle to pay medical bills is real. percent would like to see a payment plan offered upon receiving their first bill.

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.

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.

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.

Six Spanish Banks Join SWIFT gpi For Cross-Border Payments

PYMNTS

SWIFT announced Thursday (March 21) that six Spanish banks, representing 85 percent of the cross-border payments market in Spain, have adopted SWIFT global payments innovation or gpi. SWIFT gpi enables banks to conduct end-to-end tracking of the cross-border payment.

Reshaping Payments And Commerce

PYMNTS

Unattended payments are among the forces shaping — or even reshaping — payments and commerce. Today In Data Commerce contactless payments credit score data fraud News payments POS financing Retail Today in Data Unattended Payments

What Makes For Real Change In Payments?

PYMNTS

Cash may never really die, but that doesn’t mean speed enabled by digital technology isn’t playing a varied role in payment change and innovation. Real, lasting change also is shaped by the deals made among payment services providers. payments made by digital means. $40

Thinking Differently On Digital Payments And Data

PYMNTS

And a new interview shows that speed in payments is not as important as one might assume, which has wider implications for innovation. Speaking of faster payments: Does the U.S. Data breaches are a serious threat to the financial health of businesses and consumers.

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How Do You Get To A ‘Perfect’ Payments Place?

PYMNTS

Here’s an exercise that may come off as too academic – like a debate over how many angels fit on a pinhead – but is really among the most vital for not only PYMNTS readers, but pretty much any other business operators: What is the perfect payments experience? Payments Disruption.

Worldnet, POSDATA Team On EMV Payments

PYMNTS

Worldnet Payments announced Tuesday (March 19) that it has entered into a strategic agreement with POSDATA to deliver fully integrated and pre-certified EMV payments solutions. Payment Methods digital payments EMV payments ISVs News partnership POSDATA Retail What's Hot Worldnet

2019: The Year Of Instant Payments

PYMNTS

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.

Mastercard Names New Payment Platforms President

PYMNTS

Mastercard has named Paul Stoddart its new president of New Payment Platforms. We’ll now build on that foundation to deliver the technology and support needed for an expanded world of payments.”. Mastercard MasterCard News payment platforms president real time payments What's Hot

Santander Launches Enterprise Payment Link

PYMNTS

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.

Rapyd Launches Local Payments Solution Rapyd Checkout

Bank Innovation

Fintech-as-a-service platform Rapyd today launched Rapyd Checkout, a hyper-local payments solution allowing merchants to accept over 500 local payment types including cash, bank transfers, local cards, and e-wallets, in 100-plus countries.

UATP, Uplift Team On Travel Installment Payments

PYMNTS

UATP and Uplift have announced they are teaming up to provide installment payments for travelers so customers can book their dream vacations and pay for them over time. The partnership will enable travel vendors to deploy installment payments while transacting across the UATP network.

The Roil Over B2B Payments Rails

PYMNTS

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.

US Faster Payments Council Announces Founding Sponsors

PYMNTS

Faster Payments Council (FPC), which was launched by the Fed in November, announced on Wednesday (March 6) its 20 founding sponsors, which include a range of players in the payments industry. Payment Methods faster payments federal reserve FPC News sponsors U.S. The U.S.

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New Paths And Pressures For Payments

PYMNTS

The payments landscape in Europe is set to change later this year, with PSD2 joining GDPR in a kind of early 21 st -century digital balancing act. Meanwhile, airlines and other travel vertical players face fresh pressures on alternative payments , and new payday loan regulations are looming.

Cross-Border Payment Efforts Grab Funding

PYMNTS

The movement toward cross-border payments — done digitally, at lower cost and completed faster — is an inexorable one. SWIFT said its own global payments innovation (gpi) offerings succeed in clearing those complexities, and that hundreds of banks have signed on with gpi.

OakNorth Links To Faster Payments Via ClearBank

PYMNTS

challenger bank OakNorth is teaming up with ClearBank, allowing OakNorth to link into the Faster Payments Scheme. 25) said that ClearBank’s real-time payments infrastructure will open up for use by OakNorth.

Alternative Payments Gain Global Traction, But Cash Remains Tough Foe

PYMNTS

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.

The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

There’s a canary in the faster payments coalmine. That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S.

2018: The Year Of Evolution In Payments’ Revolution

PYMNTS

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.

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