The phrase “slow payment cycles” conjures up the image of old school buyer-supplier relationships and the 30- to 90-day payment window created by an inefficient paper-dominated cycle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
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From sending money to college-aged children, to splitting lunch checks among friends, Gen X consumers are increasingly embracing mobile peer-to-peer (P2P). But enabling P2P payments can be a tall order for community banks, which may lack the resources to develop them, says Kristy Brandon, senior...
SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press release on Tuesday (Sept. 24). Get the Full Story Complete the form to unlock this...
Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks, for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with...
Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Hurricane Dorian may be officially over, but for those in the Southeastern United States and the Bahamas, the rebuild is just getting started. According to the experts, the damage Dorian left in its wake was massive – and costly. Insurers estimate it will cost them as...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
With a 132 percent annual turnover rate, at a cost of $2,000 per worker, employee retention is no small problem for quick-service restaurants (QSRs). On-demand access to payroll and tips could turn the tide, says Instant Financial Co-Founder and CEO Steve Barha. Here’s how real-time...
