Drew Edwards, CEO of Ingo Money, recently joined PYMNTS to share why meeting the customer’s need for instant, guaranteed funds is so critical to the payments industry.
Running the payments rails in reverse has given rise to a lot of forward thinking about how people can be paid. PYMNTS caught up with Visa Direct SVP Cecilia Frew to discuss what’s coming next with this new disbursement technology.
The paper check has a nasty reputation in B2B payments as a cumbersome, manual and risky payment rail. Yet data from the Association of Financial Professionals’ Electronic Payments Survey found a 1 percent increase in corporates’ use of paper checks compared to two years ago.
ClaimsPay a new component of One, Inc’s cloud-based processing software ProcessOne, which features a tokenization process that allows all payment methods, including checks and credit cards, to be tokenized without exposing credit card and other financial data.
Ingo Money CEO Drew Edwards says that he sees push payments as a massive opportunity for consumers and corporates alike. The technology will dramatically cut the costs of issuing a paper check while giving consumers exactly what they want: instant, irreversible funds using the accounts they already trust.
B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards.
The PYMNTS Disbursements Tracker, powered by Ingo Money, takes an in-depth look at push payments and the innovative use cases across a variety of industries along with a provider directory of 26 major industry players.
A new survey explores how real-time payments may change the way small businesses approach banking. In the U.S., two-thirds of SMEs said a bank that offers real-time payments could be an encouraging motivator behind switching financial service providers.
The free service offered by Facebook, which for now is only available on Android and desktop, will allow users to pay either everyone in the group or individual members through a simple click of the payments icon.
The company that it will be collaborating with FCM Travel Solutions, an existing partner, to integrate their corporate travel booking and payment services with one another in the U.S. market.
Amid the slew of announcements coming out of SAP Ariba Live, mobile capture software company Mitek revealed a new collaboration with the company that enables businesses on the Ariba Network to remotely deposit paper checks into their business accounts.