Instant payments are more promise than reality in the US. Citi’s global head of payments and receivables, Manish Kohli, tells Karen Webster that lack of ubiquity is a hindrance, but interoperability and enhanced messaging can help set the stage for widespread adoption – and transformation,...
Faster payments are quickly being embraced by consumers, and are on track to gain traction across C2B, B2C and B2B transactions. Mike Kresse, division executive of card and money movement at FIS, lays out the natural — and linear — progression for PYMNTS.
There are 54 faster payment schemes globally, with more on the way. Craig Ramsey, head of real-time payments at ACI Worldwide, tells PYMNTS that speed will become the "new normal" for FIs, which will need to embrace APIs and a whole new way of approaching daily...
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...
