Corporate cloud-based payments: what’s that all about?

Chris Skinner

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

eBay accelerates payments push

Bank Innovation

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

Mastercard Rolls Out Global B2B Payment Service

PYMNTS

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.

PODCAST: Solving Instant Payments Ubiquity Problem

PYMNTS

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.

How To 221

Startups, Instant Payments Could Put $280B In Global Payments Revenue At Risk For Banks

PYMNTS

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.

Smarter Payments Tracker Eyes Interoperability

PYMNTS

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.

B2B Payment Innovations Keep Suppliers In Mind

PYMNTS

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.

 Payments Fraud, Via Apps?

PYMNTS

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.

Fraud 249

Vietnam: The Next Payments And Commerce Frontier

PYMNTS

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.

Bringing Biometric Payments To Retail

PYMNTS

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.

Retail 234

WEX Opens FI Commercial Payments Services Unit

PYMNTS

Commercial payments company WEX is adding a new business segment under its Corporate Payments division, created to address the payments needs of financial institution clients, the firm said Tuesday (Sept.

Visa: Business Payments Network Paves ‘Highway’ For B2B Payments

PYMNTS

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.

B2B Payments: Moving From Inertia To Ignition

PYMNTS

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.

The Treasurers’ Guide To Simplifying Cross-Border Payments

PYMNTS

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.

WhatsApp Payments Eyes Indonesia Expansion

PYMNTS

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. .

Cross River To Provide Clients With Real-Time Payment Ability

PYMNTS

By joining the network, Cross River will be able to give its clients the ability to send, settle and clear payments instantly, along with messaging capabilities, while ensuring compliance. Another institution , Avidia Bank, is also embracing real-time payments in collaboration with FinTechs.

Faster Payments Gone Global

PYMNTS

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.

Corporates Challenged By Digitization Beyond Vendor Payments

PYMNTS

The announcement of Mastercard Track expanding into B2B payments last week represented a significant push for B2B payments modernization by one of the industry’s giants — and followed Visa’s own push in the B2B payments modernization space through the rollout of Visa B2B Connect in June.

Global Payments, TSYS Merger Finalized In ‘Landmark Transaction’  

PYMNTS

Payments companies Global Payments and TSYS ( Total System Services ) have finalized a merger deal that creates a combined pure play payments technology company with substantial international presence and expansive scale, the company said in a press release on Wednesday (Sept.

Plugging leaks: Bento for Business uses tech to help clients streamline payments

Bank Innovation

As consumer payments go digital, startups and banks now are focusing on digitizing business-to-business payments, an area where small business owners still are reliant on paper checks and a multitude of expense-management tools.

Why FedNow Will Slow Real-Time Payments

PYMNTS

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.

Eyeing Improved SAP, EVO Payments Locks Down Delego Purchase

PYMNTS

Global payments technology provider EVO Payments announced it has purchased SAP firm Delego Software, EVO said in a press release on Tuesday (Sept. EVO Payments and Delego co-marketed their solutions to offer more services to a larger customer base. “We

Succeeding in the future of payments

Insights on Business

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.

Finexio, Payscout Join AP, AR Payment Services

PYMNTS

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

Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made.

The Value Of Faster Payments

PYMNTS

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

US Reps, Senators Present Faster Payments Legislation

PYMNTS

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.

US 263

Seven European Firms Form X-Border Mobile Payment Network

PYMNTS

Seven European payments operators — most of them owned by banks — that own and operate mobile payments services said Tuesday (Sept. 3) that they are in the midst of building a pan-European network focused on cross-border mobile payments.

Mobile 252

Inside TickPick’s Instant Payments Play

PYMNTS

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.

Payment

Bank Innovation

Please select a gateway for payment

Payment Players Launch U.S. Faster Payments Council To Speed Up Payments

PYMNTS

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.

SWIFT: Real-Time Payments Demands Real-Time Security And Compliance

PYMNTS

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In the domestic payments space, the U.S.

Libra Association Pursues FINMA Payment License

PYMNTS

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept.

daVinci Payments Launches CNY Funded Prepaid Cards

PYMNTS

Illinois-based daVinci Payments has announced it is releasing a Chinese Yuan (CNY) corporate-funded prepaid card for employees or customers of multi-national corporations. B2B Payments B2B CNY currency daVinci Payments multi-national corporations News prepaid card UnionPay What's Hot In B2B

Cards 221

Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable.

Why Global Gig Workers Like Local Payments

PYMNTS

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.

Amazon Gives Biometric Payments A Hand — In The Store

PYMNTS

Biometric payments are making another run at the grocery store, this time at the hands or Amazon. However, in another sense, it is surprising that Amazon is pushing innovation in the biometrics payments arena at all, given its high historical correlations to failure.

Construction Payments: Building The House With Virtual Cards

PYMNTS

The timeliness of B2B payments raises the stakes for all parties involved, as a missed or delayed payment can ripple across the network. Around The B2B Payment Spa ce. Many B2B payments rely on invoices to communicate the payment amount expected and to reconcile the transaction.

Cards 199

How BlueJeans Solved Its Recurring Payments Woes

PYMNTS

Mike Schramm, director of global eCommerce for California-based SaaS video conferencing provider BlueJeans , noted that this can be an arduous task for many firms, especially since customers have both preferred payment methods and currencies. Recurring Payment Support and Customer Retention.

Bringing Speed And Digitization To Payments

PYMNTS

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.

Payments Innovation Fuels Rise In Football Gambling

PYMNTS

It’s also the start of another football gambling season — one that involves mobile commerce and digital payments, and companies trying to innovate their way to success in this growing field of transactions. Payments, of course, are a vital part of the whole legal betting process.

B2B’s Summer Of Faster, Integrated Payments

PYMNTS

For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer.

Payments Startup Marqeta Confirms $260m Funding Round

Bank Innovation

Capital & Funding Daily Post 1 Exclusive Lending Payments Premium Retail Banking Startups Affirm card payments Doordash e-commerce lending Marqeta payments virtual cards