When it comes to innovation in payments, there’s no more exciting time than right now. Historically, the U.S. businesses heavily relied on checks, Automated Clearing House (ACH) and wires to make payments. However, this changed significantly in 2015 when the Federal Reserve issued a white...
Business-to-business (B2B) payments play a crucial role in the modern economy, with experts projecting a staggering $111 trillion in transactions between businesses by 2027. However, the traditional methods of payment, such as paper checks and Automated Clearing House (ACH) payments, continue to impede the progress...
The rise of digital banking and faster digital payment methods has brought about increasingly sophisticated fraud and financial crime. Against that backdrop, financial institutions (FIs) have had to elevate their systems and processes to combat the growth in fraudulent transactions and resulting financial losses. According...
Even as the economy has recovered, inflation and other economic pressures are continuing to create problems for businesses’ cash flow. Sixty percent of all businesses surveyed said cash flow is a top concern in the current business climate. Supply chain delays add to the problems and create an advantage for businesses...
October 25, 2023
When it comes to innovation in payments, there’s no more exciting time than right now. Historically, the U.S. businesses heavily relied on checks, Automated Clearing House (ACH) and wires to make payments. However, this changed significantly in 2015 when the Federal Reserve issued a white paper on payment modernization, “Strategies for Improving the U.S. Payment System.” […]
March 09, 2022
One of the greatest pain points for businesses across all sectors during the pandemic has been manual payments. A significant share of organizations continue to use paper checks for various...
March 13, 2020
The heart of home sharing is authenticity. You occupy the homes of actual people who live in cool destinations rather than expensive, impersonal hotels that serve up sanitized versions of...
October 03, 2017
The movement toward faster payments benefits firms of all types and sizes, traditional and digital. Tammi Shapiro, Fiserv VP of Product Strategy and Management, tells PYMNTS that flexibility across a...
November 03, 2023
The Clearing House has reportedly said that it is not aware of any ongoing issues after a narrow processing error that affected deposits and transfers at some banks. Bank of America had sent a memo to clients Friday (Nov. 3) saying that some of their deposits may be delayed due to an issue that was affecting multiple […]
September 14, 2023
The rise of digital banking and faster digital payment methods has brought about increasingly sophisticated fraud and financial crime. Against that backdrop, financial institutions (FIs) have had to elevate their...
December 19, 2019
With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal Reserve U.S. non-cash payments data....
May 07, 2019
The ACH Network has started off 2019 strong, with the number of payments in Q1 up 5.8 percent from the previous year. In 2018, there were 27 billion ACH payments,...
