What keeps paper checks alive in the digital age? Despite their declining popularity for personal transactions, checks still account for nearly 40% of U.S. B2B payment volume. In fact, 68% of companies relied on checks for B2B payments in 2023, and 70% of businesses stated they...
The money mobility ecosystem PYMNTS detailed in its new background report “The Modern Money Mobility Ecosystem” has been the topic of several research projects over the past year. In today’s on-demand economy, consumers expect instant gratification in every aspect of their lives — and financial...
Late payments are a common issue for businesses, especially small- to medium-sized businesses (SMBs) struggling with cash flow. As payment delays persist, businesses are turning to faster payment solutions to ease financial pressure, improve operations and strengthen supplier relationships. The PYMNTS Intelligence report “Need for...
Better payments help power better businesses. But across the B2B landscape, where payments can often entail intricate workflows, such as multi-entity approval processes, compliance checks, and liquidity management to name just a few, “better” can mean different things to different businesses. For large enterprises with...
January 24, 2025
For years, the travel and hospitality sectors have stuck to traditional payment options, such as cash and credit cards. But as consumers and staff demand quicker, more efficient ways to manage transactions, it’s clear these old systems are no longer enough. Enter real-time payment technologies that promise to impact operations and elevate experiences for consumers […]
January 17, 2025
Late payments are a common issue for businesses, especially small- to medium-sized businesses (SMBs) struggling with cash flow. As payment delays persist, businesses are turning to faster payment solutions to...
January 14, 2025
Untold millions of payments representing trillions of dollars wind their way across the globe each and every day. And for the most part, the funds flow seamlessly — where as...
January 14, 2025
Meeting customer needs is an imperative for financial institutions aiming to stay competitive. But innovations often run into the elephant in the room: outdated and incompatible banking tech stacks. Offering...
January 14, 2025
Money movement platform Thunes says it has added PayPal’s Hyperwallet to its Direct Global Network. With this movement, Hyperwallet customers can send money in real time to more than 450 million mobile wallets and bank accounts across Bangladesh, Indonesia, Malaysia, Philippines, South Korea, and Vietnam, Thunes announced Tuesday (Jan. 14). “With this new alliance, Hyperwallet can help its expansive global merchant […]
January 06, 2025
Elite, a financial management service for law practices, has acquired B2B payments platform Tranch. “At Elite, our focus is on providing law firms the SaaS solutions they need to lead their...
December 12, 2024
Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will begin in April 2025, allowing...
December 06, 2024
With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent...
