FedNow may have spurred RTP adoption
Payments Dive
DECEMBER 13, 2023
The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.
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Payments Dive
DECEMBER 13, 2023
The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.
Payments Dive
APRIL 17, 2023
Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.
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PYMNTS
SEPTEMBER 17, 2020
And though the headlines may be focused on the eCommerce giants, the great digital shift is also spurring smaller firms to address the demand of an always-on, omnichannel environment. The company also got approval from the Federal Aviation Administration (FAA) to start delivering packages and other items to customers.
Payments Dive
DECEMBER 6, 2022
Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.
Payments Dive
JULY 10, 2020
The rapid demand for safe, contactless merchant payments has led to renewed interest in QR codes, a payment technology that historically dominated Asian markets, but lagged NFC use in the U.S.
Payments Dive
OCTOBER 31, 2023
Dick Durbin and Roger Marshall, who have introduced legislation to spur credit card competition, called on federal regulators to investigate card frequent flyer program abuses.
PYMNTS
OCTOBER 2, 2020
In an interview with Karen Webster, Jim McCarthy , president at i2c , said that a great digital shift will spur tie-ups of all sorts — from partnerships to outright buyouts — as incumbents seek to move quickly to modernize their tech stacks.
PYMNTS
JUNE 10, 2020
As retail reopens and starts to spur some optimism for the future, a dark number appeared on the scene on Tuesday (June 10). Coresight released a report that says 25,000 retail storefronts will close by the end of the year.
Payments Dive
JULY 10, 2020
The rapid demand for safe, contactless merchant payments has led to renewed interest in QR codes, a payment technology that historically dominated Asian markets, but lagged NFC use in the U.S.
Payments Dive
FEBRUARY 29, 2024
The development may spur rival BNPL providers to follow suit, according to Ed deHaan, a professor at the Stanford Graduate School of Business.
PYMNTS
NOVEMBER 27, 2020
More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. These kinds of concerns could encourage shoppers to change up how they make payments.
Bank Innovation
FEBRUARY 3, 2020
On the heels of Visa‘s acquisition of data aggregator Plaid for $5.3 billion, industry watchers are questioning whether this might prompt wealth management tech firm Envestnet to sell aggregator Yodlee, which it acquired in 2015 for $590 million. The speculation was initially raised by Raymond James analysts in a report released Jan.
Payments Dive
APRIL 28, 2020
Spurred on by rapid change in government regulations and millions of underserved consumers in the finanical space, Brazil may be on the verge of becoming a major player in the global fintech space.
Payments Dive
AUGUST 24, 2023
A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.
PYMNTS
MARCH 31, 2020
COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.
Accenture
APRIL 28, 2021
While M&A slowed down during the height of the pandemic, it’s ramping up fast now as a mechanism to spur growth and recovery. The headlines are crowded with stories about bank mergers and acquisitions among middle market banks. This doesn’t surprise me. Buying is one thing, integrating is another What I find fascinating about M&A….
Accenture
APRIL 27, 2023
The growing threat of climate change has spurred banks and other financial services companies to step up efforts to become sustainable. Many have pledged to fight climate change and reduce their greenhouse gas emissions to net zero. Far fewer firms, however, have begun the vital task of arresting the destruction of our natural environment.
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. Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds.
PYMNTS
APRIL 23, 2020
Some small businesses that received forgivable loans under the Paycheck Protection Program (PPP) say they won’t be able to rehire every employee laid off during the coronavirus pandemic. There’s no way that I’m getting to 100% employment by the end of 8 weeks,” Joe Walsh, owner Clean Green Maine, told the Associated Press (AP).
Accenture
JULY 1, 2021
But we are rapidly approaching a tipping point in the industry’s adoption of the cloud, spurred partly by the digital acceleration caused by the pandemic. The power of the cloud is not new for banks. Nearly every bank has adopted the cloud in some form, or are planning to get there soon. The reason for….
PYMNTS
JULY 31, 2019
Speeding payments along a supply chain has the benefit of helping the smallest firms – the most vulnerable links – thrive via steadier cash flow and easier day-to-day planning. To that end, Tipalti said earlier this month it has launched a supplier financing service, called NetNow, aimed squarely at helping smaller firms remain competitive.
PYMNTS
NOVEMBER 30, 2020
Shopping in person has become more complex during the pandemic as consumers seek to reduce the time they spend in public. State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead.
Bobsguide
MARCH 25, 2020
The delay to the launch of the Securities Financing Transactions Regulation (SFTR) will lead to further aggregation of regtech solutions, some providers argue. But the delay also exposes weaknesses in investment firms’ regulatory infrastructure, adding to market instability.
PYMNTS
APRIL 22, 2020
Global concern over the coronavirus spreading on contaminated surfaces in public places is unleashing rapid development of innovative biometric products that could assist a touchless society.
PYMNTS
APRIL 23, 2020
SMBs Say COVID-19 Relief Loans Won’t Spur Rehiring. Some of the bigger firms receiving loans qualified during the self-certification step of the PPP process but may not actually need the money to stay afloat during the pandemic, Mnuchin said.
The Paypers
APRIL 2, 2024
US-based digital customer engagement provider Paytronix has published the 2024 Paytronix Online Ordering Report, showing that first-party shopping increases revenue.
American Banker
MAY 6, 2024
The Drug Enforcement Administration's early moves to reschedule cannabis could spur some banks to get interested in the market, but experts say without a legislative fix, the fundamental risks to taking on cannabis clients will remain.
The Financial Brand
FEBRUARY 5, 2023
This article Shakeup in Retail Banking Strategy Spurs Product and Branch Innovation appeared first on The Financial Brand. This article Shakeup in Retail Banking Strategy Spurs Product and Branch Innovation appeared first on The Financial Brand.
PYMNTS
APRIL 6, 2020
With an idea born from the ashes of the global financial meltdown of 2008, the founders of “buy now, pay later” success story Afterpay understood then that a “…younger generation would be more apt to buy things they wanted and needed if they could use their own money and pay over time — in a way that didn’t incur revolving debt, interest or fees,” (..)
Payments Dive
FEBRUARY 12, 2019
A backlash against cashless retailers and restaurants has spurred legislation in multiple cities and states to force them to accept cash payments.
Bobsguide
MAY 20, 2020
B2B payments may finally see widescale innovation according to some market participants, with both Visa and Mastercard bolstering their business payments services this month. “We’ve seen a huge amount of interest in innovation in general at this stage,” says Paul Raymond,
Bank Innovation
FEBRUARY 6, 2019
For small business owners, freelancers, and gig economy workers, the minute you’re online — you’re global. Jody Perla, managing director at cross-border payments company Payoneer, told Bank Innovation this relatively new reality has led to increased customer and corporate expectations for seamless and transparent payments.
PYMNTS
DECEMBER 3, 2018
In Australia, there has been movement by building subcontractors to stem the tide of late payments , as they are, according to the Brisbane Times , demanding legislation to help address the issue of getting paid in a timely manner.
Bank Innovation
JANUARY 22, 2020
More than a year after rules to spur open banking were issued, small lenders are stuck in a back-and-forth with startups over fees for access to client account data, according to a Financial Services Agency official. Japan’s effort to nudge its more than 100 struggling regional lenders into the digital age is floundering.
Payments Source
JULY 7, 2020
The coronavirus pandemic has led to a massive surge in Canadians using digital identity authentication platforms to get immediate access to government emergency aid.
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. Not an entirely surprising fact, given that it is the collision of two highly specialized and extremely regulated worlds.
PYMNTS
FEBRUARY 1, 2021
A new report predicts the U.S. economy and jobs market will take years to recover from the coronavirus economic crash. However, gross domestic product (GDP) will return to pre-COVID levels, in part due to government stimulus packages, by mid-2021. percent to the level of GDP this year and next.
PYMNTS
JANUARY 29, 2020
Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.
PYMNTS
NOVEMBER 12, 2018
Late payments can have a cascading effect up and down supply chains, amounting to a cash drain. Research from GoCardless found that as much as 56 percent of business owners in the U.K. have had to tap into personal funds or emergency financing options to keep business operation running amid late payments.
BankInovation
JANUARY 21, 2021
Ask any banker: The first round of Paycheck Protection Program (PPP) wasn’t pretty. Stories abound of all-night and all-staff hand-processing of loans, but with the second round of PPP funding unfurling, bankers say they’re ready — thanks in large part to automation and technology partners.
BankInovation
APRIL 4, 2023
Financial institutions are working to fill the gaps brought to light by the failure of Silicon Valley Bank, bringing to market new deposit diversification solutions, treasury management tools and customer experience offerings.
Payments Source
FEBRUARY 8, 2021
The arrangement, which focuses on merchant services, comes about six months after Global Payments secured a similar partnership with Amazon Web Services on the issuer side of its business.
Payments Source
AUGUST 16, 2020
If there's one clear lesson from the pandemic, "it’s that we can very effectively connect with companies and people not just across the country, but around the world. Fintech isn’t confined to Silicon Valley anymore,” said Jo Jagadish, who joined TD Bank in April as its head of commercial products and payments innovation.
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