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
With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. Pull Payment Trends. Pull payments fill a different role.”. MORE
Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. Bill.com pointed to its own research, which found the payments platform saves SMB users an average of 5.5 MORE
With new payments products surfacing regularly, unpredictable threats also continue to increase with these new platforms and services. P2P payments goes mainstream . P2P payments popularity continues to grow exponentially where nearly 60% of people in the U.S. 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
Paychex also announced support for real-time payments to address the cash flow concerns of professionals living paycheck-to-paycheck. The capability, which will go live early next year, will operate on an unnamed real-time payment network rail, Paychex noted. 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
For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept. MORE
French bank Societe Generale is rolling out pan-European instant payments for its corporate clients, and is deploying technology from FIS to support the launch, the companies said Monday (Sept. 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
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
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
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
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
Facebook is adding a digital payment method to its platform, a move which will facilitate retail transactions, and ultimately encourage customers to stay within its ecosystem. Carousel Payments Product Design Sales & Marketing Facebook Facebook Payments payments infrastructure Venmo 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
To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. Along with demand for faster payments , the information conveyed in them has significant value. 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
So it is with payments, where speed counts. The movement toward faster payments and peer to peer (P2P) is, well, quickening. As the Faster Payments Tracker shows, the clamor for speedier payments spans the globe. 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
Effective subscription offerings require careful strategizing around payments, however. Should customers’ recurring payments fail, due to credit cards expiring or other issues, this could produce involuntary churn in which otherwise willing customers are accidentally dropped. 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
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
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
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. MORE
Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry MORE
Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Around the Faster Payments World. Airlines are also seeking to enable speedy 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
One quote in the book that is particularly relevant to one of the hottest topics in payments today goes like this: “ Comfort is the enemy of progress.”. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper. The payments to support that $3.1 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
From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. To that end, ownership of the key enabler of contactless payments – that would be smartphones, of course – is up, reaching 90 percent in 2019 versus 84 percent in 2018. 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
Payments Related Topics 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
OCTOBER 9, 2019
Effective subscription offerings require careful strategizing around payments, however. Should customers’ recurring payments fail, due to credit cards expiring or other issues, this could produce involuntary churn in which otherwise willing customers are accidentally dropped.
PYMNTS
OCTOBER 2, 2019
To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. Along with demand for faster payments , the information conveyed in them has significant value.
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
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 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
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
SEPTEMBER 23, 2019
One quote in the book that is particularly relevant to one of the hottest topics in payments today goes like this: “ Comfort is the enemy of progress.”. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper. The payments to support that $3.1
PYMNTS
SEPTEMBER 24, 2019
Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Around the Faster Payments World. Airlines are also seeking to enable speedy mobile payments.
Bank Innovation
OCTOBER 16, 2019
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.
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 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
OCTOBER 10, 2019
With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. Pull Payment Trends. Pull payments fill a different role.”.
PYMNTS
SEPTEMBER 5, 2019
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.
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 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
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
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
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
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 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
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
OCTOBER 1, 2019
From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. To that end, ownership of the key enabler of contactless payments – that would be smartphones, of course – is up, reaching 90 percent in 2019 versus 84 percent in 2018.
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 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
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
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
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
OCTOBER 14, 2019
Paychex also announced support for real-time payments to address the cash flow concerns of professionals living paycheck-to-paycheck. The capability, which will go live early next year, will operate on an unnamed real-time payment network rail, Paychex noted.
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 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
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 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
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
APRIL 1, 2019
So it is with payments, where speed counts. The movement toward faster payments and peer to peer (P2P) is, well, quickening. As the Faster Payments Tracker shows, the clamor for speedier payments spans the globe.
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
PYMNTS
MAY 22, 2019
Corporate payments technology firm Bill.com is rolling out a new platform designed to deploy artificial intelligence (AI) for automated workflows. Bill.com pointed to its own research, which found the payments platform saves SMB users an average of 5.5
Insights on Business
MARCH 27, 2019
With new payments products surfacing regularly, unpredictable threats also continue to increase with these new platforms and services. P2P payments goes mainstream . P2P payments popularity continues to grow exponentially where nearly 60% of people in the U.S.
Mobile Payments Today
SEPTEMBER 11, 2018
Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry
PYMNTS
SEPTEMBER 17, 2018
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.
PYMNTS
SEPTEMBER 24, 2019
French bank Societe Generale is rolling out pan-European instant payments for its corporate clients, and is deploying technology from FIS to support the launch, the companies said Monday (Sept.
PYMNTS
SEPTEMBER 24, 2019
For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept.
194 
Let's personalize your content