Nacha is making some changes to improve the efficiency and ease of use of International ACH Transactions (IATs). These changes were enabled by five rules changes approved by Nacha voting members, the organization said in a Tuesday (Oct. 14) press release. To make it easier...
Some of the new features offered by Block’s Square and Cash App brands take direct aim at the fees charged by card networks, Bloomberg reported Friday (Oct. 10). The company is offering the local businesses that use its payment network a payment processing rate of...
Watch more: Trend Talk: American Express, Pavan Krishna New business norms require modes of thinking that aren’t just the same old, same old. Today, innovation across accounts receivable (AR) and accounts payable (AP), is taking center stage for forward-thinking firms. “AR and AP automation is...
Watch more: Need to Know: Fifth Third Bank, Robert Norman Cash still matters in a digital economy. Much of the world has gone digital, yet for millions of consumers, cash remains a critical payment method. It still accounts for roughly 30% of tender, particularly in...
Paper checks have long been a fixture in U.S. government disbursements, but their days are numbered. President Trump’s recent executive order mandating the phase-out of paper checks in federal payments aims to modernize fund flows from agencies and contractors. The shift is more than efficiency....
The Coinbase app now enables users to send the company’s stablecoin, USDC, to any recipient’s phone number, email, wallet address, Ethereum Name Service (ENS) or paylink. These peer-to-peer payments can be done instantly, anywhere in the world, with no limits and no fees, the company...
Picture this: a late-night delivery worker tapping a button on their phone at the end of their shift to cash out instantly. Easy to picture, right? It’s a familiar scene, one that plays out millions of times a week. But what is happening is this:...
Citi has integrated its cross-border payments solution with Dandelion’s digital wallet network. The collaboration, announced Thursday (Sept. 25), lets Citi’s institutional clients use the bank’s WorldLink Payment Services to deliver “near-instant, full-value payments” into digital wallets across the world, with “near 24/7 availability.” According to a news release,...
The Saudi Central Bank (SAMA) has launched Google Pay through the national payment system, mada, in Saudi Arabia. Google Pay enables users to provision and manage their mada cards and credit cards within Google Wallet, SAMA said in a Monday (Sept. 15) press release. “The...