payment rails

A payment rail is a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network. Credit card rails are the credit card payment system.

Source: en.wikipedia.org

Why Universal ‘Pay Anybody’ Is Coming and Will Change Everything

Why Universal ‘Pay Anybody’ Is Coming and Will Change Everything
Why Universal ‘Pay Anybody’ Is Coming and Will Change Everything
October 31, 2022  |  Payment Methods

Ubiquity and choice are the digital promised land. How we get there from here will be a matter of securely opening the payments ecosystem to...

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Ethereum 2.0 May Be Greener, but Is It Scalable Enough for Payments?
Ethereum 2.0 May Be Greener, but Is It Scalable Enough for Payments?
August 08, 2022  |  Blockchain

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Brazilian FinTech Unicorn CloudWalk Launches Blockchain
Brazilian FinTech Unicorn CloudWalk Launches Blockchain
June 27, 2022  |  Blockchain

CloudWalk, a Brazilian FinTech that manages payments for small- to medium-sized businesses (SMBs), announced Monday (June 27) that it is launching a blockchain of its...

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Crypto Craze No Easy Lift for Curious Businesses
Crypto Craze No Easy Lift for Curious Businesses
May 20, 2022  |  Cryptocurrency

As a business, accepting crypto is harder than it should be. The technology is different, but that’s nothing new. Get the Full Story Complete the...

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Bored Apes NFT Rampage Spikes Transaction Fees to $200M for 55,000 Sales
Bored Apes NFT Rampage Spikes Transaction Fees to $200M for 55,000 Sales
May 02, 2022  |  Blockchain

One of the top non-fungible token (NFT) lines sold off 55,000 NFTs for a record-setting $317 million. Get the Full Story Complete the form to...

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Do CBDCs Need Blockchain? Growing Number of Central Banks Say No
Do CBDCs Need Blockchain? Growing Number of Central Banks Say No
April 13, 2022  |  CBDC

There has been a widespread assumption that central bank digital currencies (CBDCs) would be built on blockchain — or at least the distributed-ledger technology (DLT)...

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Meet the Programmable Money That Doesn’t Need the Blockchain to Be Smart
Meet the Programmable Money That Doesn’t Need the Blockchain to Be Smart
April 11, 2022  |  Digital Payments

Turns out the age of “programmable money” is already upon us. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Embedding Payouts Into Payments Flows Key to Consumer’s Real Time Money Mobility Experience
Embedding Payouts Into Payments Flows Key to Consumer’s Real Time Money Mobility Experience
February 18, 2022  |  Faster Payments

The move to embed payments into all manner of customer experiences — be that on platforms, through disbursements, or even via cryptocurrencies — is a...

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Digital Dollar’s Power Problem: What Happens When the Lights Go Out?
Digital Dollar’s Power Problem: What Happens When the Lights Go Out?
February 07, 2022  |  CBDC

One of the big promises of central bank digital currencies (CBDCs) is that they are usable anywhere paper currencies are accepted. That is to say,...

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