For all transactions — but especially for high-value commercial payments — speed is always a consideration, alongside the costs of those transactions, as well as security concerns. With new, higher limits on real-time payments, the choice to move away from batch processes to settlement in...
Jaggaer and Bottomline have partnered to provide companies with more payment options for B2B transactions. Bottomline’s Paymode business payment network and its Premium ACH offering, virtual card and other payment modalities will be integrated into Jaggaer’s B2B payment solution, Jaggaer Pay, the companies said in...
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain ground, the Fed’s 2023 missive detailed progress and positive returns on Fedwire, which previously was...
Modern Treasury has expanded instant payments support for mutual clients of six top banks. “Money is moving swiftly toward a real-time future, and seeing customers use Modern Treasury to enable instant payments with some of the largest banks in the U.S. is a testament to the...
August 21, 2024
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems. As real-time fund flows gain ground, the Fed’s 2023 missive detailed progress and positive returns on Fedwire, which previously was in the red, and gave a cumulative cost breakdown of […]
August 07, 2024
If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant payments, where we are and...
July 30, 2024
One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock of the July 2023 launch...
July 16, 2024
Open banking at retail — at the point of checkout — has the advantage of lowering the costs below traditional credit and debit options. Christina Potter, head of eCommerce at...
December 12, 2024
Payment technology company FlexPoint has launched an artificial intelligence (AI)-powered system that processes automated clearing house payments the same day instead of the typical five-day wait, using AI to assess transaction risks. The system connects to the Federal Reserve’s FedNow® Service infrastructure to process ACH payments, FlexPoint said in a Thursday (Dec. 12) press release. […]
September 05, 2024
Jaggaer and Bottomline have partnered to provide companies with more payment options for B2B transactions. Bottomline’s Paymode business payment network and its Premium ACH offering, virtual card and other payment...
August 14, 2024
Modern Treasury has expanded instant payments support for mutual clients of six top banks. “Money is moving swiftly toward a real-time future, and seeing customers use Modern Treasury to enable instant...
March 18, 2024
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part of a set of new...
