INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. 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
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. MORE
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. MORE
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.”. MORE
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. MORE
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 MORE
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. MORE
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 MORE
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. MORE
Tipalti, a B2B payments company, has upgraded its PayPal services to allow its customers to use PayPal payments with suppliers more easily, the company said in a news release. Tipalti said it is now a single source of control with both PayPal and traditional bank-type payments. MORE
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. MORE
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. MORE
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. MORE
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 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
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. MORE
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. MORE
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. MORE
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). MORE
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. MORE
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? MORE
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. MORE
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. MORE
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. 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
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. MORE
Payments Related Topics PYMNTS
MARCH 21, 2019
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.
PYMNTS
MARCH 19, 2019
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.
PYMNTS
MARCH 19, 2019
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.
PYMNTS
MARCH 6, 2019
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.
PYMNTS
MARCH 8, 2019
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?
PYMNTS
FEBRUARY 20, 2019
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.
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
MARCH 21, 2019
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.
PYMNTS
MARCH 22, 2019
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.
PYMNTS
MARCH 7, 2019
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.
PYMNTS
MARCH 15, 2019
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.
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
FEBRUARY 11, 2019
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.”.
PYMNTS
MARCH 14, 2019
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.
PYMNTS
FEBRUARY 28, 2019
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.
PYMNTS
FEBRUARY 19, 2019
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
PYMNTS
MARCH 6, 2019
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.
PYMNTS
MARCH 11, 2019
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).
PYMNTS
MARCH 18, 2019
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.
PYMNTS
MARCH 18, 2019
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.
PYMNTS
FEBRUARY 14, 2019
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.
PYMNTS
NOVEMBER 1, 2018
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.
PYMNTS
DECEMBER 17, 2018
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.
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
MARCH 21, 2019
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.
PYMNTS
MARCH 7, 2019
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
PYMNTS
MARCH 20, 2019
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
PYMNTS
MARCH 19, 2019
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.
PYMNTS
MARCH 15, 2019
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.
PYMNTS
MARCH 20, 2019
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
PYMNTS
JANUARY 1, 2019
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.
PYMNTS
FEBRUARY 6, 2019
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
PYMNTS
NOVEMBER 6, 2018
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.
Bank Innovation
MARCH 19, 2019
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.
PYMNTS
MARCH 20, 2019
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.
PYMNTS
OCTOBER 8, 2018
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.
PYMNTS
MARCH 6, 2019
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.
PYMNTS
FEBRUARY 8, 2019
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.
PYMNTS
FEBRUARY 14, 2019
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.
PYMNTS
FEBRUARY 26, 2019
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.
PYMNTS
JANUARY 7, 2019
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.
PYMNTS
JANUARY 21, 2019
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.
PYMNTS
DECEMBER 20, 2018
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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