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. Payments Innovation News Open Payments Coalition PayID What's Hot

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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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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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. We’re living through extraordinary times right now.

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

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. Payments Ecosystems future of payments Payments Innovation

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. Having led on issues like consumer data privacy, the European Union (EU) is trying to pull ahead on real-time payments as well.

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

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Bank Innovation

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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.

How Flexible Payment Plans Are Shifting The Healthcare Payments Conversation

PYMNTS

To that end, payments solution firm Flywire said last week that it has added new features to its healthcare payments offerings — with a nod toward customized installment plans that can help patients pay what they can afford and take care of health needs at the same time.

COVID-19 accelerates launch of contactless payments

Bank Innovation

Neobank Upgrade today debuted two product launches for contactless payment that were initially slated for fall release, prompted by the COVID-19 crisis and social distancing measures.

How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

That doesn’t mean these companies have the ability to easily adopt the same payments solutions that businesses in other industries can access. To solve for this, AeroPay recently launched its cannabis-targeting payments solution designed for both B2C and B2B payments.

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

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

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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For Payments, Personalization Through Orchestration

PYMNTS

The shift to digital commerce means that long after the pandemic is over, merchants across all verticals will have to offer a range of payment choices in order to boost conversion rates. The issue is that integrating all of those different payment choices can be an arduous task.

How Mixing Payment Rails Eases B2B Payment Squeeze

PYMNTS

No one payment rail can solve every point of friction in B2B payments. This week’s look at payment rail innovation explores how corporates and FinTech providers embrace variety to ease friction in card acceptance, employee payroll and invoice payments.

What the rise of in-app payments means for banks

Accenture

The expectations of customers when it comes to payments have changed radically in recent years. Payments that are instant, invisible and free (IIF) have quickly become the norm, especially in certain segments of the market like airlines, fashion retail, hotels and online travel agents.

Venmo Pilots Business Payments For Micro SMBs

PYMNTS

Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account, a press release says. Payment Methods business account contactless payment money News pandemic PayPal QR codes small business SMBs Venmo What's Hot

Retail Recalibration: The need for agile and flexible payment solutions

Mobile Payments Today

As the COVID-19 pandemic has rapidly changed the e-commerce landscape, online sellers need to make sure they are offering a wide range of payment options that cater to the needs of their customers

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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

Fortune Favors Cross-Border Payments

PYMNTS

With the volume of cross-border B2B payments projected to hit nearly $6.5 The emergence of new digital payment methods has leveled the playing field between large and small businesses, making it easier than ever for SMBs to transact abroad and open up new revenue streams.”.

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

US banking market finally primed to embrace contactless payments

Accenture

More than five years after the launch of Apple Pay and four-plus years after the US POS liability shift for EMV, the US market finally appears set to fully embrace contactless payments. Payments Contactless Payments Payments Innovation Payments Navigator

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.

Making Invisible Payments More Than A Buzzword

PYMNTS

From cash and coins to mobile wallets to wearables … to invisible payments. About 90 percent of purchases are still being made in-store, but the payment modalities are changing — and rapidly. Frictionless Payments. Invisible Payments .

Healthcare Leans Into Faster Payments

PYMNTS

Healthcare costs and healthcare payments are closely tied, but worlds apart. Curing payment pains associated with complicated medical billing gets to the heart of how payments technology is moving medical money in smarter, faster ways. Real-Time Payments Get Healthy.

Fostering Payments Trust In A Global Freelance Economy

PYMNTS

Payments are key to the trust equation, particularly when hiring expands across borders. Fostering Trust Through Payments. Gig Economy B2B B2B Payments faster payments Featured News Freelancing gig economy Global Payments News Payoneer podcast Podcasts

B2B Payments Deterioration Eyed For Asia

PYMNTS

For global traders, emphasis continues to be placed on the urgency for corporates in a strong financial position to support their supply chains through on-time — and in some cases even accelerated — payments to suppliers.

B2B Payments Speed Up

PYMNTS

If we’re talking about business-to-business (B2B) payments, the speed of business is nothing to brag about. The challenge for B2C companies is that they don’t have accounts receivable departments to support invoicing and payment on terms. Keeping B2B Payments Honest.

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.

The Future Of Payments Beyond The Pandemic

PYMNTS

Any sudden shock to the system like we have observed with the pandemic exposes both vulnerabilities and opportunities, especially for payments. The technological stage has been set for that embrace of digital transactions with a slew of new payment products and services on offer.

Finastra taps Ripple for real-time payments across borders

Bank Innovation

Banking technology provider Finastra, which works with more than 9,000 clients, is partnering with payment network Ripple to facilitate real time, blockchain-supported payments for its customers.

Payments Startup Marqeta Confirms $260m Funding Round

Bank Innovation

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