INDUSTRY INSIGHTS YOUR PEERS ARE READING
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
Mike Schramm, director of global eCommerce for California-based SaaS video conferencing provider BlueJeans , noted that this can be an arduous task for many firms, especially since customers have both preferred payment methods and currencies. Recurring Payment Support and Customer Retention. MORE
The B2B payments discussion often centers around innovators’ efforts to kill the check. Unfortunately, simply introducing an electronic alternative to paper checks is not enough to kill this sticky and popular payment method. B2B Payments’ Innovation Agenda. 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
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. MORE
On the other hand, it also means they must learn to navigate a highly fragmented and complex international payments ecosystem. Each country has its own rules and regulations dictating how businesses can make and receive payments, as well as its own, unique financial infrastructure. MORE
Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. B2B Payments B2B CNY currency daVinci Payments multi-national corporations News prepaid card UnionPay What's Hot In B2B MORE
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. How Cross-Border Payments Are Made. MORE
When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In the domestic payments space, the U.S. MORE
This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. 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
Amazon is reportedly testing a biometric payment system with a handful of customized vending machines for employee use. workers is engaged at some level with the gig economy, and most of them hope that instant and faster payments continue to grow in scope. MORE
It’s also not why the Fed decided to enter the real-time payments fray. Igniting a network at scale and right out of the box can be a real pain, as the litany of failed payments startups knows all too well. And in payments, five years is a lifetime. 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
trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025, according to an Accenture report and press release circulated on Monday (Sept. Free transactions are expected to put 8 percent of payments revenue at risk, according to the report. MORE
Biometric payments are making another run at the grocery store, this time at the hands or Amazon. However, in another sense, it is surprising that Amazon is pushing innovation in the biometrics payments arena at all, given its high historical correlations to failure. MORE
By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance. Another institution , Avidia Bank, is also embracing real-time payments in collaboration with FinTechs. MORE
Instant payments are becoming crucial to consumers participating in the platform economy. To meet this need, platforms are searching for new ways to bring instant payments onto their marketplaces. Around the Payments And the Platform Economy. Payments And The Platform Economy. 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
The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. 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
Global payments technology provider EVO Payments announced it has purchased SAP firm Delego Software, EVO said in a press release on Tuesday (Sept. EVO Payments and Delego co-marketed their solutions to offer more services to a larger customer base. “We MORE
Accounts payable solution provider Finexio is collaborating with payment processing firm Payscout to enhance B2B payments services. B2B Payments accounts payable accounts receivable B2B Finexio News payment processing Payscout supplier payments What's Hot In B2B MORE
Payments companies Global Payments and TSYS ( Total System Services ) have finalized a merger deal that creates a combined pure play payments technology company with substantial international presence and expansive scale, the company said in a press release on Wednesday (Sept. MORE
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. MORE
For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer. 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
As consumer payments go digital, startups and banks now are focusing on digitizing business-to-business payments, an area where small business owners still are reliant on paper checks and a multitude of expense-management tools. MORE
Capital & Funding Daily Post 1 Exclusive Lending Payments Premium Retail Banking Startups Affirm card payments Doordash e-commerce lending Marqeta payments virtual cards 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
Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. MORE
The announcement of Mastercard Track expanding into B2B payments last week represented a significant push for B2B payments modernization by one of the industry’s giants — and followed Visa’s own push in the B2B payments modernization space through the rollout of Visa B2B Connect in June. MORE
The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network. Around The B2B Payment Spa ce. Many B2B payments rely on invoices to communicate the payment amount expected and to reconcile the transaction. MORE
Seven European payments operators — most of them owned by banks — that own and operate mobile payments services said Tuesday (Sept. 3) that they are in the midst of building a pan-European network focused on cross-border 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
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
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
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
It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Payments, of course, are a vital part of the whole legal betting process. MORE
Commercial payments company WEX is adding a new business segment under its Corporate Payments division, created to address the payments needs of financial institution clients, the firm said Tuesday (Sept. MORE
Payments Related Topics 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
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
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
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.
PYMNTS
SEPTEMBER 16, 2019
trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025, according to an Accenture report and press release circulated on Monday (Sept. Free transactions are expected to put 8 percent of payments revenue at risk, according to the report.
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
SEPTEMBER 19, 2019
This week, Mastercard announced plans to modernize its B2B payment ecosystem with Mastercard Track. The Mastercard Track Business Payment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers.
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.
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
SEPTEMBER 6, 2019
Amazon is reportedly testing a biometric payment system with a handful of customized vending machines for employee use. workers is engaged at some level with the gig economy, and most of them hope that instant and faster payments continue to grow in scope.
PYMNTS
SEPTEMBER 18, 2019
Commercial payments company WEX is adding a new business segment under its Corporate Payments division, created to address the payments needs of financial institution clients, the firm said Tuesday (Sept.
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 10, 2019
The B2B payments discussion often centers around innovators’ efforts to kill the check. Unfortunately, simply introducing an electronic alternative to paper checks is not enough to kill this sticky and popular payment method. B2B Payments’ Innovation Agenda.
PYMNTS
SEPTEMBER 9, 2019
On the other hand, it also means they must learn to navigate a highly fragmented and complex international payments ecosystem. Each country has its own rules and regulations dictating how businesses can make and receive payments, as well as its own, unique financial infrastructure.
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. .
PYMNTS
SEPTEMBER 19, 2019
By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance. Another institution , Avidia Bank, is also embracing real-time payments in collaboration with FinTechs.
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
SEPTEMBER 16, 2019
The announcement of Mastercard Track expanding into B2B payments last week represented a significant push for B2B payments modernization by one of the industry’s giants — and followed Visa’s own push in the B2B payments modernization space through the rollout of Visa B2B Connect in June.
PYMNTS
SEPTEMBER 18, 2019
Payments companies Global Payments and TSYS ( Total System Services ) have finalized a merger deal that creates a combined pure play payments technology company with substantial international presence and expansive scale, the company said in a press release on Wednesday (Sept.
Bank Innovation
SEPTEMBER 10, 2019
As consumer payments go digital, startups and banks now are focusing on digitizing business-to-business payments, an area where small business owners still are reliant on paper checks and a multitude of expense-management tools.
PYMNTS
AUGUST 12, 2019
It’s also not why the Fed decided to enter the real-time payments fray. Igniting a network at scale and right out of the box can be a real pain, as the litany of failed payments startups knows all too well. And in payments, five years is a lifetime.
PYMNTS
SEPTEMBER 10, 2019
Global payments technology provider EVO Payments announced it has purchased SAP firm Delego Software, EVO said in a press release on Tuesday (Sept. EVO Payments and Delego co-marketed their solutions to offer more services to a larger customer base. “We
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
AUGUST 15, 2019
Accounts payable solution provider Finexio is collaborating with payment processing firm Payscout to enhance B2B payments services. B2B Payments accounts payable accounts receivable B2B Finexio News payment processing Payscout supplier payments What's Hot In B2B
PYMNTS
SEPTEMBER 11, 2019
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. How Cross-Border Payments Are Made.
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
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
SEPTEMBER 3, 2019
Seven European payments operators — most of them owned by banks — that own and operate mobile payments services said Tuesday (Sept. 3) that they are in the midst of building a pan-European network focused on cross-border mobile payments.
PYMNTS
JULY 22, 2019
Instant payments are becoming crucial to consumers participating in the platform economy. To meet this need, platforms are searching for new ways to bring instant payments onto their marketplaces. Around the Payments And the Platform Economy. Payments And The Platform Economy.
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 23, 2019
When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In the domestic payments space, the U.S.
PYMNTS
SEPTEMBER 11, 2019
The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept.
PYMNTS
SEPTEMBER 11, 2019
Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. B2B Payments B2B CNY currency daVinci Payments multi-national corporations News prepaid card UnionPay What's Hot In B2B
PYMNTS
AUGUST 16, 2019
Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.
PYMNTS
JUNE 20, 2019
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.
PYMNTS
SEPTEMBER 5, 2019
Biometric payments are making another run at the grocery store, this time at the hands or Amazon. However, in another sense, it is surprising that Amazon is pushing innovation in the biometrics payments arena at all, given its high historical correlations to failure.
PYMNTS
SEPTEMBER 17, 2019
The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network. Around The B2B Payment Spa ce. Many B2B payments rely on invoices to communicate the payment amount expected and to reconcile the transaction.
PYMNTS
SEPTEMBER 17, 2019
Mike Schramm, director of global eCommerce for California-based SaaS video conferencing provider BlueJeans , noted that this can be an arduous task for many firms, especially since customers have both preferred payment methods and currencies. Recurring Payment Support and Customer Retention.
PYMNTS
JUNE 14, 2019
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.
PYMNTS
SEPTEMBER 9, 2019
It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Payments, of course, are a vital part of the whole legal betting process.
PYMNTS
SEPTEMBER 2, 2019
For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer.
Bank Innovation
MAY 21, 2019
Capital & Funding Daily Post 1 Exclusive Lending Payments Premium Retail Banking Startups Affirm card payments Doordash e-commerce lending Marqeta payments virtual cards
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