For small and medium-sized businesses (SMBs) and consumers, payments that arrive promptly are worth far more than payments of the same dollar value that trickle in after weeks of delays. After all, money on hand can be used immediately to pay bills, invest or make purchases...
As data becomes more accessible, businesses and banks — as well as fraudsters — are looking to learn as much as possible about consumers. These developments have caused several markets to adopt strict regulations on the handling and exchange of information. The following Smarter Payments...
Even as technologies and payments get smarter, some firms still employ less-than-smart practices. For example, in the freelance market, says Engage Technology Partners Chief Product Officer Dave O’Flynn, it’s common for firms to store and share the personal information of gig workers on timesheet files...
In the smarter payments ecosystem, payments are more than simply moving funds from sender to recipient. These transactions are also about the transfer of data that can inform and improve the payments process. However, with so much sensitive information being transferred with each transaction, the...
The adoption of faster payment systems is a worldwide trend, with more than 40 countries now offering their own schemes. The following Deep Dive that explores how faster payment systems are ushering in changes to both B2B and B2C businesses.
Not every eCommerce platform is as user-friendly as Amazon. Craigslist and its ilk, for instance, still require buyers and sellers to meet in person to pay. This arrangement, says Escrow.com GM Jackson Elsegood, also requires parties to confront stranger danger fears. In the latest Smarter...
The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient payment tools. The new Smarter Payments...
Could blockchain be the next big thing in payment rails? U.S. corporates currently have a range of options available when they need to send funds, including ACH, Fedwire, The Clearing House (TCH) and credit card networks. ACH is the most popular, according to a recent PYMNTS...
Making payments move faster cross-border is something of an old refrain. But Manish Kohli, Citi’s Treasury and Trade Solutions head, says speed is only as good as the interoperable, ubiquitous rails that exist to move money and data on a global scale. In the latest...
