Real-Time Payments

  • P2P Payments Find Fresh Fuel As The 2020s Loom

    August 14, 2019 P2P Payments Find Fresh Fuel As The 2020s LoomPeer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method ...
  • Faster Payments Gone Global

    August 14, 2019 Faster Payments Gone GlobalSpeedier payments, across the globe – faster and, in some cases, in real time. The Federal Reserve’s plan to launch FedNow may have grabbed headlines and perhaps refocused observers’ attention ...
  • Can Faster Pay Keep QSRs Competitive?

    August 14, 2019 Can Faster Pay Keep QSRs Competitive?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 ...
  • How Faster Payments Can Help Retain Employees

    August 14, 2019 payday on calendarNew developments could speed up instant payments in the U.S. Last week, the Federal Reserve announced it would give some competition to The Clearing House’s Real Time Payments (RTP) with ...
  • Can On-Demand Pay Stop QSRs’ Employee Churn?

    August 13, 2019 The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision ...
  • Why FedNow Will Slow Real-Time Payments

    August 12, 2019 Why FedNow Will Slow Real-Time PaymentsI’m from the government and I’m here to make sure you get your paychecks faster – even instantly… …if you can just hang in there until about 2024. That’s the talk track ...
  • How The FedNow Service Could Keep Checks In B2B Payments

    August 8, 2019 The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to ...
  • How Airbnb, Lime, Turo, Fiverr And Newegg Are Using Instant Payments

    August 8, 2019 Whether it’s a merchant or their customer, an employer or their employee — every party involved in a transaction wants to be paid immediately, without any hassles or surprises. That’s why ...
  • Why Mastercard Acquired Nets

    August 7, 2019  Mastercard is making its largest acquisition to date with its $3.2 billion bid to buy the Denmark-based payments platform, Nets, furthering its European presence and moving well beyond credit and ...
  • Post-Worldpay Deal, FIS Eyes eCom and Real-Time Payments

    August 6, 2019 Fidelity National Information Services (FIS) released results Tuesday (Aug. 6) that showed organic growth for FIS and recently acquired Worldpay as standalone entities and updated the outlook for the combined ...
  • Mastercard Buys Nets For $3.19B

    August 6, 2019 Mastercard Buys Nets For $3.19BIn its biggest acquisition to date, Mastercard will buy Nets for 2.85 billion euros ($3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing ...
  • Deep Dive: How Instant Payments Are Changing Pension Disbursements

    August 6, 2019 Most financial services have moved online, but many senior citizens still depend on paper-based processes to receive their pensions or other retirement benefits. Younger generations are just starting to save ...
  • The Fed Debuts FedNow

    August 6, 2019 It’s now official. The Fed plans to build its own instant clearing and settlement rails. Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer ...
  • Federal Reserve To Launch FedNow Instant Payments System 

    August 5, 2019 Federal Reserve To Launch Instant PaymentsThe Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced ...
  • Tractable Taps AI For Faster Auto Insurance Claims

    August 5, 2019 For roughly 6 million Americans who get into car accidents each year, another harrowing experience awaits when it comes to the insurance claim. After an appraisal, consumers typically wait days ...
  • What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

    August 5, 2019 Check Fraud And Preparing For Instant PaymentsIf there was a handbook for how to become a successful fraudster, the first sentence of the first chapter would go something like this: “Go where the money is.” Perhaps that’s ...
  • Big Banks Don’t Want Fed’s Real Time Payments Rails

    August 4, 2019 Big-Banks-dont-want-Fed-payment-railsBig banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Currently, the system doesn’t operate on weekends and can take ...
  • Keeping Pace In An Accelerating Payments Race 

    August 2, 2019 Keeping Pace In An Accelerating Payments RaceThe U.S. is known for, among other things, being a “more is more” kind of place. Sometimes that is a good thing (case in point: our $1 trillion-a-year restaurant industry). Sometimes, ...
  • Why Regional Payment Preferences Matter For Global Subscriptions

    August 2, 2019 card payment tabletCross-border recurring payments are subject to the double whammy of facilitating local currency and all of the challenges that come with subscription commerce in any country. The latest Global Recurring Payments ...
  • Putting AI In The Auto Insurance Claims Drivers Seat

    August 2, 2019 Financial institutions (FIs) and merchants worldwide understand how instant payments and disbursements could change the way customers and businesses operate and disrupt numerous industries such as the gig economy. However, ...
  • Deep Dive: Cross-Border Payments Interoperability

    August 1, 2019 Interoperability The world is becoming more interconnected, boosting demand for fast and low-cost services that enable cross-border transactions. Such experiences require payments interoperability, which can be a significant challenge due to ...
  • Fiserv: APIs Role In Fueling Real-Time Payments Growth

    August 1, 2019 watch, cash, real-time paymentsFaster payments are all the rage, part of numerous discussions and plans when it comes to global payments — the concept serving as an ideal for not only what’s to ...
  • Travelers Companies Now Sends Insurance Claim Payments Via PayPal

    July 31, 2019 Travelers Companies Now Sends Insurance Claim Payments Via PayPalThe Travelers Companies, Inc. says its insurance customers can now receive claim payments through the digital platform PayPal. Auto, property and general liability claims can use Travelers’ link to PayPal ...
  • REPORT: Payment Tech Tops FIs’ Innovation Agendas

    July 31, 2019 Report-Payment-tech-top-FI-agendas The financial world is awash in hot tech topics these days, from blockchain to artificial intelligence (AI). However, financial institutions (FIs) are getting better at separating vital areas of innovation ...
  • Visa, Open Combine Forces For Tech-Driven SME Banking

    July 30, 2019 visa-open-sme-banking-startups-indiaFinTech startup Open is partnering with global payments tech leader Visa to offer better banking options for SMEs in India. The collaboration gives Open the power to co-create new products with ...
  • Nucleus Software Targets Real-Time Payments Fraud

    July 26, 2019 As payments accelerate, the window of opportunity for financial service providers to identify and shut down a fraudulent transaction narrows. Banking technology firm Nucleus Software is rolling out a new solution ...
  • Deep Dive: How APIs Can Help Drive Faster Payments

    July 25, 2019 How APIs Can Help Drive Faster Payments Financial players worldwide are kicking payment systems into high gear with efforts that range from easier-to-use digital solutions to new instant payment infrastructures. Roughly 40 countries had real-time payment systems ...
  • Why Payments Diversity Matters As Firms Go Global

    July 25, 2019 Why Payments Diversity Matters As Firms Go GlobalOn a global stage, one size does not fit all when it comes to payments. In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that ...
  • Lawmakers Want The Fed To Run US Faster Payments Rails

    July 24, 2019 To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. representatives and two U.S. senators have ...
  • How Faster Pay Fuels the Trucking Industry

    July 24, 2019 Truckers haul 71 percent of America’s freight tonnage, keeping retailers supplied and in business — but not without challenges. Slim margins, emergency needs and mounting daily expenses can halt day-to-day ...
  • Real-Time Payments Are Reaching A Tipping Point

    July 24, 2019 Real-Time Payments Are Reaching A Tipping PointWhile commercial real-time payments became available in the U.S. back in 2017, they haven’t yet hit ubiquity. By the end of 2018, the RTP network reached a little more than ...
  • How Truck Factoring Revs America’s Retail Engine

    July 23, 2019 Faster-payments-tracker-july Businesses and consumers are unlikely to change their payment preferences until two conditions are met: they both feel the pain of slow legacy systems and are presented with an easy-to-adopt ...
  • Inside TickPick’s Instant Payments Play

    July 22, 2019 Instant payments are becoming crucial to consumers participating in the platform economy. These consumers want to be sure that they can both send and receive money seconds after they’ve completed a ...
  • How Gig Worker Pay Advances Could Ease Financial Anxiety

    July 18, 2019 How Gig Worker Advances Could Ease Financial AnxietyGig workers are beginning to get their wages before – not after – a job is complete through advances. In international news, China’s push toward a digital economy comes as the government has digitalized ...
  • SWIFT gpi Service For Multi-Banked Corporates Goes Live

    July 17, 2019 SWIFT Selects Javier Pérez-Tasso As New CEOMore than 50 of the world’s largest companies have already started using a new service that enhances payment flows, allowing a single view of transactions across multi-banked corporates. SWIFT announced July ...
  • If Real-Time Payments Is All About Now, What’s Holding It Back?

    July 16, 2019 P2P payments gaining popularityNow, now, now — that’s the chorus coming from consumers, merchants and other companies when it comes payments, and that demand is fueling progress in real-time payments. It is not ...
  • Avidia Entices FinTechs With Real-Time Payments

    July 15, 2019 Avidia Bank is embracing real-time payments as part of its push to promote collaboration with FinTechs, the financial institution announced Friday (July 12). In a press release, Avidia said it will ...
  • Canada’s Path Toward B2B Payables Modernization

    July 10, 2019 Canada-moves-toward-payment-modernizationCanada is embracing the payments modernization journey, with organizations like Payments Canada driving adoption of faster, more agile payment functionality in the country. Some of the biggest industry trends, including ...
  • Picking Up The Pace Of Payments

    July 5, 2019 Picking Up The Pace Of PaymentsThe best speed in payments is usually faster – both when getting paid and when paying out. The ideal speed, of course, would be instant when possible. But picking up the pace is not ...
  • How FinTechs Team With Banks For RTP Solutions

    July 5, 2019 How FinTechs Team With Banks For RTP SolutionsFinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange, for instance, worked with Fifth Third Bank to ...

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