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
That provides a rough idea of some of the motivation behind Mastercard ’s latest effort in payments and commerce innovation — an effort described in depth in a new PYMNTS interview between Karen Webster and Amnah Ajmal, Mastercard’s executive vice president of core products. 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
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
FinTech firms are tracking the evolution of digital commerce and payments while tapping into the experiences of their leaders. By doing so, he thinks the company has created visibility for the value that faster electronic payments can create. MORE
SCB had been the first commercial institution to use the RippleNet “multi-hop” functionality to settle payments for other financial institutions (FIs) on that network. Separately, the card giants are hardly resting quietly on the sidelines of the cross-border payments game. MORE
Lengthening payment terms between corporate buyers and suppliers have built up a bad reputation in the B2B space — thanks, in part, to payment practices deployed by large entities like Carillion in a demonstration of buying power abuse over smaller vendors. MORE
Intuit’s QuickBooks is introducing a new feature designed to accelerate payments and cash flow for small businesses. Businesses that invoice via QuickBooks Payments can receive next-day funding for both credit card and ACH transactions. 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
As always, in payments, the one real constant is change. Innovation biometrics Commerce ebook executives Featured News News payments Security TechnologyOne decade draws to a close, the next one looms. MORE
Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. MORE
Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. Payment values went up 54 percent year over year, and payment volume increased 72 percent. 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
India’s financial ecosystem underwent several shifts after the country made the move to demonetize, resulting in payment rails such as the Immediate Payment Service (IMPS) and the Unified Payments Interface (UPI). Migrants make up a substantial portion of the economy in India. MORE
The ride-hailing service is working with Mastercard and payments company Payfare on a co-branded debit card called Lyft Direct Debit. Payments Premium Retail card payments financial apps Mastercard Payfare 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
As the payments ecosystem in Canada continues to expand and evolve, IBM is looking forward to participating with industry leaders, innovators and challengers at the upcoming the Payments Canada Summit , taking place in Toronto on May 14-16, 2019. 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
Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation. 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
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
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
The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. Payment values went up 54 percent year over year, and payment volume increased 72 percent. 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
” Their announcement follows Ripple’s own blog post last year that noted Siam Commercial Bank would become the first financial institution (FI) to join RippleNet, and deploy its “multi-hop” functionality to settle payments on behalf of other FIs on the network. MORE
However, the payment capabilities that have propelled the growth of platforms such as Uber and Airbnb , for instance, are too inefficient to support their ambitious growth plans over the next three years. Platforms overwhelmingly view payments as central to achieving their growth objectives. MORE
Citigroup ’s Global Head of Payments and Receivables Manish Kohli is relying on technology to increase its payment business. Kohli was tapped in 2017 by Citigroup to run the global payments and receivables unit, which is an important business at Citigroup. MORE
With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Last year, however, contactless payments in the United Kingdom alone jumped by a whopping 31 percent over the prior year. 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
A first-in-the-nation payment solution that allows drivers to purchase gas from their cars without taking out cash, a credit card or a mobile app has launched in Westborough, MA. MORE
JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. The platform allows banks to quickly resolve compliance issues that can delay payments by weeks. 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
Resolve, a B2B payment services firm that spun off from Affirm , provides point-of-sale (POS) financing to consumers via retailers, including Walmart. The Resolve offering works as an automated payment platform, integrated into B2B commerce websites. MORE
Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry MORE
Cryptocurrency payment processing company Moon said any e-wallet that is lightning-enabled can also be used through the company’s browser extension. The company also handles the interface and manages the payment channels. 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
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
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
Innovative payment options today are driving competition and rapid changes in the payments industry. Enabling intelligent routing of payments for banking customers. For decades, the choice of payment methods has been somewhat limited. Payment beneficiary preferences. MORE
As venture capital continues to look for new opportunties, startup firms in the fintech space are taking unique approaches to payments and financing to raise new funding to accelerate their growth MORE
Payments Related Topics 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
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
MAY 13, 2019
The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. Payment values went up 54 percent year over year, and payment volume increased 72 percent.
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.
PYMNTS
APRIL 22, 2019
Cryptocurrency payment processing company Moon said any e-wallet that is lightning-enabled can also be used through the company’s browser extension. The company also handles the interface and manages the payment channels.
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.
PYMNTS
MAY 8, 2019
NACHA and its Payments Innovation Alliance announced that it is working with the U.S. Faster Payments Council (FPC) to expand the Faster Payments Playbook. payments system.
PYMNTS
APRIL 22, 2019
Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation.
PYMNTS
APRIL 29, 2019
Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments.
PYMNTS
MAY 3, 2019
India’s financial ecosystem underwent several shifts after the country made the move to demonetize, resulting in payment rails such as the Immediate Payment Service (IMPS) and the Unified Payments Interface (UPI). Migrants make up a substantial portion of the economy in India.
PYMNTS
APRIL 12, 2019
As always, in payments, the one real constant is change. Innovation biometrics Commerce ebook executives Featured News News payments Security TechnologyOne decade draws to a close, the next one looms.
PYMNTS
MAY 16, 2019
That provides a rough idea of some of the motivation behind Mastercard ’s latest effort in payments and commerce innovation — an effort described in depth in a new PYMNTS interview between Karen Webster and Amnah Ajmal, Mastercard’s executive vice president of core products.
Bank Innovation
MAY 15, 2019
The ride-hailing service is working with Mastercard and payments company Payfare on a co-branded debit card called Lyft Direct Debit. Payments Premium Retail card payments financial apps Mastercard Payfare
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
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 30, 2019
A first-in-the-nation payment solution that allows drivers to purchase gas from their cars without taking out cash, a credit card or a mobile app has launched in Westborough, MA.
PYMNTS
APRIL 23, 2019
Resolve, a B2B payment services firm that spun off from Affirm , provides point-of-sale (POS) financing to consumers via retailers, including Walmart. The Resolve offering works as an automated payment platform, integrated into B2B commerce websites.
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
APRIL 25, 2019
Intuit’s QuickBooks is introducing a new feature designed to accelerate payments and cash flow for small businesses. Businesses that invoice via QuickBooks Payments can receive next-day funding for both credit card and ACH transactions.
PYMNTS
APRIL 29, 2019
However, the payment capabilities that have propelled the growth of platforms such as Uber and Airbnb , for instance, are too inefficient to support their ambitious growth plans over the next three years. Platforms overwhelmingly view payments as central to achieving their growth objectives.
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
APRIL 26, 2019
Citigroup ’s Global Head of Payments and Receivables Manish Kohli is relying on technology to increase its payment business. Kohli was tapped in 2017 by Citigroup to run the global payments and receivables unit, which is an important business at Citigroup.
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
APRIL 21, 2019
JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. The platform allows banks to quickly resolve compliance issues that can delay payments by weeks.
PYMNTS
MAY 2, 2019
Lengthening payment terms between corporate buyers and suppliers have built up a bad reputation in the B2B space — thanks, in part, to payment practices deployed by large entities like Carillion in a demonstration of buying power abuse over smaller vendors.
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 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
APRIL 10, 2019
With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Last year, however, contactless payments in the United Kingdom alone jumped by a whopping 31 percent over the prior year.
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.”.
Insights on Business
APRIL 16, 2019
Innovative payment options today are driving competition and rapid changes in the payments industry. Enabling intelligent routing of payments for banking customers. For decades, the choice of payment methods has been somewhat limited. Payment beneficiary preferences.
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
APRIL 24, 2019
” Their announcement follows Ripple’s own blog post last year that noted Siam Commercial Bank would become the first financial institution (FI) to join RippleNet, and deploy its “multi-hop” functionality to settle payments on behalf of other FIs on the network.
PYMNTS
APRIL 24, 2019
Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. Payment values went up 54 percent year over year, and payment volume increased 72 percent.
PYMNTS
MAY 1, 2019
FinTech firms are tracking the evolution of digital commerce and payments while tapping into the experiences of their leaders. By doing so, he thinks the company has created visibility for the value that faster electronic payments can create.
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
Mobile Payments Today
MAY 10, 2019
As venture capital continues to look for new opportunties, startup firms in the fintech space are taking unique approaches to payments and financing to raise new funding to accelerate their growth
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
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
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.
Insights on Business
MAY 3, 2019
As the payments ecosystem in Canada continues to expand and evolve, IBM is looking forward to participating with industry leaders, innovators and challengers at the upcoming the Payments Canada Summit , taking place in Toronto on May 14-16, 2019.
PYMNTS
APRIL 25, 2019
SCB had been the first commercial institution to use the RippleNet “multi-hop” functionality to settle payments for other financial institutions (FIs) on that network. Separately, the card giants are hardly resting quietly on the sidelines of the cross-border payments game.
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
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