PYMNTS

OCTOBER 19, 2020

Hack said the now publicly-traded Paya will continue to push forward in the field of accounts receivable automation. Noting the sector is still in its early stages in the B2B sector, Hack said in the press release that Paya’s “differentiated platform” Paya Connect combines “Card, ACH and Check acceptance.”.

Push-to-Card 106

Push-to-Card Payments ACH Processors 106

PYMNTS

JANUARY 8, 2021

It also pushed our industry to think about ways to provide faster availability of funds to people and businesses in need.”. A lot of what the pandemic did was force our industry to truly be digital, to facilitate frictionless transactions,” TCH Senior Vice President Elena Whisler said in a recent conversation with PYMNTS. “A

RTP 139

RTP TCH Funding Agent Continuing Education 139

PYMNTS

DECEMBER 9, 2020

Not all that long ago, the hallmark of progress in the back office came as check systems and ACH systems were linked to create biller efficiencies. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. Frankly, the story never changes.

Use Case 134

Use Case B2B Cross-Border Payments Cross-Border 134

PYMNTS

JUNE 28, 2017

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF). The same professionals also predict cards will hold at 12.5

NACHA 40

NACHA ACH Checks Push-to-Card 40

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 19, 2021

While the coronavirus crisis certainly accelerated the drive toward digital, the mid-market's commerce digitization push was well underway before the pandemic hit. As B2B eCommerce continues to gain steam, other business models are rising to the forefront as well. Emerging Business Models.

B2B 110

B2B Payments Push-to-Card B2C 110

PYMNTS

NOVEMBER 3, 2020

To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. Clearly, paper checks aren’t cutting it anymore. We’ve evolved. RTP Doing Its Part for a Quicker Recovery.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S. It’s a pretty bold claim.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

DECEMBER 3, 2020

She added that as consumers lean on merchants, those merchants have started to lean on their banks to offer solutions that are faster and more convenient than simply moving money by check or ACH. And ticket resellers who typically face a multi-day set-up process to get paid can receive funds quickly by providing just a debit card number.

Treasury 89

Treasury Visa Digital Payments Debit Card 89

PYMNTS

NOVEMBER 19, 2020

In the continuous movement toward automating B2B payments – and especially payables – the pandemic is pushing firms to examine internal workflows and embrace the touchless process. Robotic process automation and accounts payable (AP) automation can be blended into solutions that are verticalized for specific tasks.

Automation 83

Automation ACH Push-to-Card Checks 83

PYMNTS

DECEMBER 12, 2018

ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. Accounts receivable executives told researchers that they anticipate ACH to make up 45 percent of the payments they receive by 2020, while checks will decline to 34 percent.

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

JUNE 12, 2017

From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. But how businesses reshape their payment practices varies. Globalization. Payments Rails.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

MARCH 13, 2020

That’s why Mastercard has been working with public agencies for the last decade-and-a-half via its “marquee” Direct Express platform, which allows public institutions to push funds to citizens via a prepaid solution. We’ve known for more than 10 years that there are issues with mailing checks, which is why we’ve seen over 4.5

Checks 75

Checks Push-to-Card Visa Payments 75

PYMNTS

DECEMBER 2, 2020

That mismatch of innovation creates B2B chokepoints, where digital invoices and payments are increasingly pushed to suppliers who don’t have the technology or automation in place to handle those technological advancements. Aquilina said virtual cards are poised to eclipse other commercial card form factors over the next few years.

B2B 79

B2B Innovation Commercial Card Push-to-Card 79

PYMNTS

AUGUST 8, 2019

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to combat the dreaded paper check. Which will come out on top? Paper checks are familiar, especially to smaller businesses, and can support a longer cash float.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

JUNE 19, 2017

With credit cards, she noted, the assumption by the consumer remains that the payment is done in real time, at, say a POS, right when they walk away with their purchased items. One issue is that the payment rails currently in use were not designed to support a real-time environment. For CGI’s own clients, as the U.S.

Real Time Payments 64

Real Time Payments Faster Payments ACH Same Day ACH 64

PYMNTS

MARCH 2, 2018

Push payments. In an interview with PYMNTS’ Karen Webster, Drew Edwards, Ingo Money CEO , helped clarify the nomenclature and delved into push payments, a form of instant payments. Readers of this space will recall the longstanding, and continuing, dialogue between the two over killing the check.). “We Instant payments.

Instant Payments 48

Instant Payments ACH Real Time Payments Push-to-Card 48

PYMNTS

AUGUST 12, 2020

based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools. Speaking with PYMNTS, Managing Director of North America Kieran Draper said employee expense management and contractor payouts have become a valuable niche for the corporate prepaid card. Streamlining Employee Spend.

B2B 67

B2B Push-to-Card Direct Deposit Payments 67

PYMNTS

MAY 16, 2018

He continued, “We did the clearing and settlement migration in four tranches over a two-month period. We’ve] probably done about somewhere in the mid-teens so far, and this will continue over the next five to seven months, and then we’ll be completely converted. And that will be the last big step of the integration.”.

Contactless Payments 40

Contactless Payments Continuity Push-to-Card EMV 40

PYMNTS

OCTOBER 2, 2019

If you look across the technology industry and the payments industry, the pace and movement of change is accelerating,” Mike Kresse, division executive for card and money movement at FIS , recently told PYMNTS in an interview. To get a sense of where faster payments are headed, look to the consumer. Particularly in the U.S,

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

Stax

DECEMBER 6, 2023

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Fintech Finance

APRIL 30, 2024

Mohegan Digital will accept deposits via debit and credit cards, PayPal, Venmo, Guaranteed ACH and cash at retail, offering their players a full suite of deposit choices. Players can access their winnings quickly through multiple payout options, including push to debit, ACH, PayPal and Venmo.

Venmo 52

Venmo Processors ACH Push-to-Card 52

PYMNTS

APRIL 27, 2020

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. Very slowly. The check, then, is in the proverbial mail, less than optimally, for people who need access to funds right now.

Blockchain 108

Blockchain Tax Refunds IRS Fed 108

PYMNTS

MAY 15, 2019

Earthport offers cross-border payment services to banks, money transfer service providers and other businesses through the largest independent ACH network. In payments, to gain technology, reach and new use cases (and, sometimes, all of the above at once), the debate has always boiled down to “build or buy.” Single Point Of Connection.

Cross-Border 74

Cross-Border Cross-Border Payments Credential Wire Transfer 74

PYMNTS

JUNE 6, 2019

In the latest Disbursements Tracker , PYMNTS explores how banks and card providers are approaching payment innovations to keep pace with consumer demand, and to better protect against fraudsters. Amazon is also pushing into the region, relying on India’s Unified Payments Interface (UPI) to enhance P2P payments through Amazon Pay.

Security 64

Security Real Time Payments Federal Reserve Push-to-Card 64

PYMNTS

JUNE 24, 2020

The need to easily manage those payments means experimentation with emerging payment methods is ongoing, with interest in ACH, eCheck and debit or credit card payments expanding as policyholders start to see their FIs offer digital tools. It represented $1.6 Insurers must therefore work to digitize their claims experiences.

ACH 60

ACH Checks Payments Bank Routing Number 60

PYMNTS

APRIL 20, 2016

With suppliers pushing aside some more monotonous tasks to computers and robots, they have more time to focus on the business itself and relationships with corporate buyers. Payment rails, Tchakarov explained, can play an integral part in supporting suppliers’ push for automation and their refocus on expansion.

Commercial Card 40

Commercial Card ACH Push-to-Card Same Day ACH 40

PYMNTS

NOVEMBER 21, 2018

The funding pushed the firm’s valuation to $1.1 The funding pushed the firm’s valuation to $1.1 The solution supports invoice payments via check, ACH, virtual card and wire. The B2B payments space is likely to see continued increases in M&A activity. Bloomberg reported on Tuesday (Nov.

B2B 51

B2B Push-to-Card Wire Wires 51

PYMNTS

AUGUST 6, 2019

We only get to make this kind of decision once every 30 or 40 years,” Brainard said, noting that this was the biggest payments oriented move made by The Fed since the early 1970s and the implementation of the ACH system. “At The Fed plans to build its own instant clearing and settlement rails. financial system and the U.S. Brainard asked.

FedNow 85

FedNow Fed Federal Reserve Instant Payments 85

PYMNTS

DECEMBER 7, 2016

Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other. And it’s that push toward forward evolution that leads to this week’s big news — American Express has acquired InAuth, Inc.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

PYMNTS

SEPTEMBER 5, 2019

The system doesn’t require a “hard touch” — consumers do not have to lay their hand down on the scanner — instead, the consumer waves a hand over the device which then uses a combination of computer vision and depth geometry to identify the customer and connect to their card on file. Or, to be more precise, in the hands of Amazon’s customers.

Payments 76

Payments Push-to-Card Point-of-Sale (POS) Consumer 76

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. For this reason, virtual cards are a rising star in B2B insurance payments, according to Peters. “We see really high adoption of virtual cards.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

JUNE 3, 2020

Paper checks may become a thing of the past if healthcare’s trend toward modernization continues,” according to the new report. Paper checks may become a thing of the past if healthcare’s trend toward modernization continues,” according to the new report. For many, it’s very difficult. Real-Time Payments Get Healthy.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

MAY 8, 2017

Icon Solutions’ Head of Payments Tom Hay recently discussed why real-time payments are such a challenging undertaken within FIs, but how lessons from the past — like the adoption of card payment rails — and from peers across the globe who have already gone through these struggles can make the U.S.’ real-time payments path a smooth one. “A

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

PYMNTS

NOVEMBER 1, 2017

billion Mastercard and Maestro-branded cards worldwide. we continue to see steady economic growth, low unemployment and inflation,” said Banga on a post-earnings call. Security, Partnerships And Pushing For A More Digital World. Banga also praised Mastercard’s same-day ACH system that is now up and running in the U.K.

Visa 49

Visa Push-to-Card Same Day ACH Volume 49