Can blockchain transform cross-border payments?

Mobile Payments Today

Cross-border payments are fraught with difficulties from long paper trails to complicated contracts/ Blockchain has emerged as a possible contender to streamline the process, however, but is it ready to tackle cross-border payments

B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead.

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Why ISO 20022 is a seismic shift for payments

Accenture

Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities. The post Why ISO 20022 is a seismic shift for payments appeared first on Accenture Banking Blog. Uncategorized ISO 20022 Payments Standards

What's on the horizon for B2B payments?

Mobile Payments Today

B2B payments have gone through major changes in the past couple of years, and COVID-19 has only sped up that process.

The advantages of blockchain over traditional payments

Mobile Payments Today

By eliminating middlemen, cross-border blockchain payments can result in even faster transfers while significantly reducing costs for both merchants and customers

Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

The technological seeds that have made these developments possible were planted more than a decade ago, with the steady growth of digital payment platforms and cloud-based technologies that support electronic payments.

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Payments disruption is the new norm

Accenture

For the last 20 years, the most predictable thing about the payments industry was that it was unpredictable. The post Payments disruption is the new norm appeared first on Accenture Banking Blog. Uncategorized Disruption Payments

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Bank Innovation

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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 RegulationNice acronym although I prefer Coca-Cola, the Co-ordinated Car Co-operative Association. Or something like that. Anyways, whichever Cola you prefer, this new initiative is interesting.

REPORT: Payments Orchestration Optimizes Digital Payments Efficiencies, Boosts ROI

PYMNTS

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. Across The Payments Orchestration Ecosystem.

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Cambridge, Beanworks Continue X-Border Payment Partnership

PYMNTS

We look forward to continuing our partnership with Beanworks to provide a combined AP automation and global payments solution that can help minimize administrative overhead for users of the platform,” Cambridge Global Payments President Mark Frey said in the announcement. “At

Payments Startup Veem Introduces New Tool For Easy B2B Payments 

PYMNTS

Global payments startup Veem is launching a new business-to-business (B2B) tool to simplify and automate domestic payments, the company announced in a Wednesday (Nov. He said the new tool, Veem Check, “strengthens our domestic payment offering” because users can pay anyone in the U.S.

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How Payments-As-A-Service Can Modernize Banks' Payment Processes

PYMNTS

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. The continued acceleration of digital and mobile payments affects both domestic and international payments.”.

Park Place Payments, NOW Corp Team For SMB Payments

PYMNTS

Park Place Payments , which provides payment processing to companies, and Atlanta-based NOW® Corp unveiled a collaboration that is meant to change how small and medium-sized businesses (SMBs) take payments, according to a Wednesday (Nov.

Real-Time Payments Move Past Early Adopters

PYMNTS

The tipping point toward real-time payments’ ubiquity might be closer than many observers think, Mark Ranta , payments practice lead at FinTech Alacriti , told PYMNTS in a recent interview. And beyond TCH and RTP, the Federal Reserve’s FedNow real-time payments solution looms.

Brazil Upgrades Real Time Payments Rails, Goes Live With PIX

PYMNTS

Real-time payments continue to gain traction around the world. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week.

Payment Rail Innovators Focus On Cards, Contactless Payments

PYMNTS

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments.

eBay accelerates payments push

Bank Innovation

eBay is pushing forward with efforts to move payments in-house instead of relying on PayPal. The company is taking a staged approach to its payments product launch with the goal to reach full rollout by 2020, a move that will let the company take control of the user experience, grow revenue and reduce overhead costs […]. Carousel Daily Post 2 Payments Premium Product Design Adyen Apple Pay eBay Google Pay payments PayPal

Clearing Up Instant Payments No ‘Stop Payment’ Confusion

PYMNTS

Ingo Money CEO Drew Edwards told Karen Webster that instant payments pose just such an attraction to fraudsters who hope to not only exploit security holes to get paid, but to get paid faster than ever before. . “I But clawbacks don’t exist in the world of instant payments.

ACI: Real-Time Payments And P2P Will Accelerate Payments Digitization

PYMNTS

COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview. Payments are no exception,” she said, noting that a variety of firms – from retailers to insurance providers – are tailoring their customer journeys to meet consumer demands.

COVID-19, digital payments and the future of cash

Mobile Payments Today

The COVID-19 pandemic has accelerated the use of digital payments and moved the debate over a cashless society to a near-term consideration

Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

PYMNTS

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes.

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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. Overall, it is part of an even larger effort to spur the adoption of digital payments across the world and “break down the proprietary silos and standards that exist in payments,” the group said in a press release. Payments Innovation News Open Payments Coalition PayID What's Hot

Mastercard Embraces Existing Rails To Drive B2B Payments Value

PYMNTS

Matching the payment mechanism to the project has been a thorn in the side of global procurement since the days of the spice trade. Driving B2B Payments' Evolution. Often, the payment method replacing paper is ACH payments, a substitution Anderson said will be accelerated by RTP.

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

Five cross-industry payments opportunities in the new normal

Accenture

The post Five cross-industry payments opportunities in the new normal appeared first on Accenture Banking Blog. Uncategorized contactless banking Payments Payments NavigatorWithout a doubt, 2020 has been a year of disruption.

Western Union Expands Real-Time Digital Payments To 100 Countries

PYMNTS

Western Union just took another big step toward ramping up its growing digital payments arsenal. Western Union first unveiled the goal of expanding digital payments to 100 countries during its investor day event in 2019.

Boost Payment Solutions, GHX Team To Ease Healthcare Organization Payments

PYMNTS

Boost Payment Solutions , Inc., The collaboration will optimize payment processes for GHX’s clients, making it easier and more efficient for healthcare institutions to pay using commercial card programs and navigate complex settlement requirements.

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. I’m releasing the report today and here’s the opening summary: When the Covid-19 pandemic hit … The post The future of payments post-pandemic (free research report) appeared first on Chris Skinner's blog. 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. The post The top eight ways COVID-19 will impact payments appeared first on Accenture Banking Blog. Payments COVID-19 Digital Transformation Payments Navigator payments trendsWe’re living through extraordinary times right now.

Hands Off: Touchless, Contactless Payments Drive Consumer Safety Preferences

PYMNTS

Because as it turns out, safety-conscious customers don’t merely want their payments to be contactless but entirely touchless if at all possible. The two main areas of improvement cited were curbside pickup (55 percent) and contactless payments (51 percent).

Payroc Expands Payment Processing Services With Bluestone Payments Acquisition

PYMNTS

Global payment processor Payroc announced Wednesday (Nov. 18) in a company press release emailed to PYMNTS that it has acquired Bluestone Payments. This is a capability that is completely unique in the payments industry.”.

COVID-19 is the perfect time for mobile payments

Mobile Payments Today

With COVID-19 causing customers to turn up their masked noses to cash, the time is now for mobile payments to take the world by storm

Mobile 355

Touchless Is Pushing Payments Beyond The Card

PYMNTS

Now comes the work of embedding touchless payments anywhere and everywhere people might want them. consumers are now aware of contactless payments, a 25 percent increase from a year ago. Will anyone miss keypads when they go?

Cards 192

Consumers Demand Payments Modernization

PYMNTS

Modernizing payments capabilities is one of the clearest paths out of the trackless post-pandemic forest, and businesses of any size that got ahead of it early are reaping rewards now. FIs and payments providers are constantly looking to improve and accelerate payments for various reasons.