What's on the horizon for B2B payments?

Mobile Payments Today

B2B payments have gone through major changes in the past couple of years, and COVID-19 has only sped up that process.

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European payments on gas

Chris Skinner

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

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Mesh Payments Rolls Out Cardless B2B Recurring, One-Time Payments

PYMNTS

To allow companies to supervise their finances while keeping them safe from payment failures, Mesh Payments has rolled out a cardless payment offering for companies that simplifies recurring and one-time payments.

The future of payments post-pandemic (free research report)

Chris Skinner

During this quite period of time, it’s a good time for reflection and I was lucky enough to be commissioned to produce some research on how European FinTech influencers see the future of payments post-pandemic. Future Grid Payments

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Bank Innovation

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Contactless Payments Are Going Mainstream

PYMNTS

One especially notable trend is businesses increasing adoption of contactless payment methods like cards and mobile wallets,” per the new report. For contactless payments to really become widespread in the U.S.,

Deep Dive: How Payments Orchestration Can Support Payment Integrations

PYMNTS

Using multiple payment service providers (PSPs) has become par for the course in the eCommerce space. Many businesses do not have the funds and technical resources to build new integrations from scratch and maintain more than one payment gateway without enlisting third-party assistance.

No longer an alternative: The approaching future of local payments

Mobile Payments Today

The rapid integration of the global payments market means that local payment methods will no longer be seen as an alternative payment method for multi-national payment processors and merchants, but the norm

Open Payments Coalition Launches Universal Payment ID

PYMNTS

More than 40 different FinTechs, digital currency companies and nonprofits are teaming up to launch a universal payment ID in a bid to make transferring money akin to sending an email. Overall, it is part of an even larger effort to spur the adoption of digital payments across the world and “break down the proprietary silos and standards that exist in payments,” the group said in a press release. Payments Innovation News Open Payments Coalition PayID What's Hot

Payment Rail Innovators Dive Into Real-Time

PYMNTS

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. EVO Payments Wields Visa Rails for Merchants.

eBay accelerates payments push

Bank Innovation

eBay is pushing forward with efforts to move payments in-house instead of relying on PayPal. The company is taking a staged approach to its payments product launch with the goal to reach full rollout by 2020, a move that will let the company take control of the user experience, grow revenue and reduce overhead costs […]. Carousel Daily Post 2 Payments Premium Product Design Adyen Apple Pay eBay Google Pay payments PayPal

How platform development determines real-time payment success

Payments Source

Speed stands at the forefront of any real-time payments deployment, but the real staying power in new payments innovation rides on the development philosophy of the platform itself.

Nacha Provides Guidance On Voice Payments, Cybersecurity

PYMNTS

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. She noted that verifications can also utilize information tied to payment history.

Swift to focus on transaction management to fuel faster payments

Payments Source

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept. Cross border payments Faster payments SWIFT

Hitting The Gas On Real-Time Payments Adoption

PYMNTS

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., real-time payments journey. The faster payments ecosystem in the U.S.

Payments innovation in the Latin American market

Mobile Payments Today

Latin America is becoming an increasingly important market in the global payments business. There are a number of important innovations underway that are changing the industry

The top eight ways COVID-19 will impact payments

Accenture

The global payments ecosystem has proven resilient in the face of the pandemic. The general public continues to trust payments systems and providers, and no substantial outages of core infrastructure have been reported. The post The top eight ways COVID-19 will impact payments appeared first on Accenture Banking Blog. Payments COVID-19 Digital Transformation Payments Navigator payments trendsWe’re living through extraordinary times right now.

The impact of new payments methods on the payments landscape

Accenture

In his report on the top 10 banking trends for 2020, our global banking lead, Alan McIntyre, made a telling observation: that the focus of Open Banking has shifted from payments initiation services to consumers’ data rights. The post The impact of new payments methods on the payments landscape appeared first on Accenture Banking Blog. Payments Ecosystems future of payments Payments Innovation

PayMyTuition Rolls Out B2B Supplier Payments Module

PYMNTS

To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendor management module. The offering allows purchasers to install automated and online payments in a month or sooner.

Payoneer Launches Global Cross-Border Payments Capabilities

PYMNTS

Digital payments platform Payoneer is working to expand its services globally with the launch of its new Payoneer for Banks, which will aim to let more financial institutions aid businesses with cross-border payments, according to a Tuesday (Sept.

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

Balancing payment innovation and trust

Mobile Payments Today

Payment security is central to the consumer experience with 54% of North America firms hoping to achieve higher customer satisfaction through improving the security of new payment technologies

The latest on legal cannabis payments

Payments Source

PaymentsSource Senior Analyst Michael Moeser talks to Tyler Beuerlein, chief revenue officer of Hypur, about the challenges of handling payments in the legalized cannabis industry. Compliance Digital payments Coronavirus Payment processing Cannabis PayDirt

US consumers reluctant to embrace contactless payments

Bank Innovation

merchants and consumers believe in quick transactions at the point of sale, a Hanover Research survey commissioned by payments tech companies Ingenico and FreedomPay this month suggests consumers have lingering questions about the security of contactless payments. While U.S.

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Late Supplier Payments Tied To Economic Ebbs And Flows

PYMNTS

This week's Late B2B Payments roundup reflects the correlation between companies' financial positions and their supplier payments behavior. In France, officials fined one firm for late payments after it raised financial concerns. France Fines Sugar Producer Over Late Payments.

FLEETCOR Buys AFEX To Boost Cross-Border Payments

PYMNTS

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says.

Demand For Faster Payments Skyrockets

PYMNTS

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. real-time payments void has hurt commerce, too, as PYMNTS research finds that close to 39 percent of small to mid-sized businesses (SMBs) have reduced payrolls to help relieve cash flow stress, and nearly 30 percent simply went under.

Demand for real-time payments rises amid COVID-19 pressure

Mobile Payments Today

The economic fallout of COVID-19 has increased demand for real-time payments by small business and consumers as revenue sources begin to dry up and consumers and businesses face deadlines for bill payment and essential goods

When Instant Payments Are Just Payments

PYMNTS

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.

Getting to grips with alternative payments

Mobile Payments Today

The COVID-19 pandemic has led to a shift in payment preferences, as consumers are increasingly using contactless alternatives that can work at the point of sale or remotely

COVID-19, digital payments and the future of cash

Mobile Payments Today

The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration

Paya To Purchase Another Payment Platform

PYMNTS

Paya , the Atlanta-based digital payment processor, has signed an agreement to acquire The Payment Group ( TPG ). TPG of Texas provides payment solutions to more than 600 utility companies and municipalities. Acquiring acquisitions News Paya payments What's Hot

Value-added services are coming to payments

Accenture

In the first post in this series, we looked at some of the developments driving change in payments right now: new competition, new customer expectations and new technologies. The post Value-added services are coming to payments appeared first on Accenture Banking Blog.

Consumers Demand Payments Modernization

PYMNTS

Modernizing payments capabilities is one of the clearest paths out of the trackless post-pandemic forest, and businesses of any size that got ahead of it early are reaping rewards now. PYMNTS FI’s Guide to Modernizing Digital Payments done in collaboration with Red Hat , examines developments in modernization as an imperative for business in a world full of “digital shifters” who have moved their spending in-app and online. Enough with all the “digital transformation” talk, right?

Balancing payment innovation and trust

Mobile Payments Today

The rise of digital payments has led to a series of complex issues surrounding how to make those transactions more secure. Rapid innovation in the global payments space has created new opportunties for bad actors to expoit these new ecosystems and requires ways of thinking on how to approach the subject