PYMNTS

MARCH 13, 2020

It is not so much affection keeping checks around in government disbursements as much as it is inertia, as Kathryn Cleary, Mastercard ’s senior vice president of business development for North America, told PYMNTS in a recent conversation. million Americans using Direct Express to capture their disbursements annually,” she said.

Checks 75

Checks Push-to-Card Visa Payments 75

PYMNTS

JULY 27, 2017

A rise in consumer spending, broad based across several geographies, helped Mastercard beat Street estimates for the second quarter. Total card count stood at 2.4 Within the United States, credit card transactions gained to $196 million from $184 million last year. billion; analysts had seen $1.1 billion, compared with 2.3

Visa 40

Visa Consumer Cross-Border Push-to-Card 40

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

PYMNTS

MAY 10, 2019

And this week was a meaty one for news: Mastercard and Visa made acquisitions, the Facebook payment proposition was dissected, new findings about payments and retail innovation emerged, and the pet retail segment gained a major new source of fuel. Mastercard: Transactis Buy Speeds Bill Pay’s Digitization. Top Stories.

Real Time Payments 60

Real Time Payments Visa Payments Push-to-Card 60

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

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

JULY 22, 2016

That may be the perfect way to sum up Mastercard’s announcement yesterday (July 21) that it struck a deal to purchase nearly all – at 92.4 Though the purchase of London-based VocaLink is sure to open the door for Mastercard to play a role in the company’s key payment technology platforms for U.K. Lock, stock and barrel. s ATM network.

Visa 43

Visa Faster Payments ACH Non-Bank 43

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 3, 2020

In PYMNTS’ latest Faster Healthcare Payments Report done in collaboration with Mastercard , the healthcare landscape gets a good going-over, from consumers managing the cost of pharmaceuticals to healthcare providers plugging up payment leaks and becoming more efficient. For many, it’s very difficult. Real-Time Payments Get Healthy.

Faster Payments 63

Faster Payments Payments Checks Push-to-Card 63

PYMNTS

NOVEMBER 1, 2017

Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant growth in transaction volume and global market share. billion Mastercard and Maestro-branded cards worldwide. ” By The Numbers.

Push-to-Card 45

Push-to-Card Visa Same Day ACH Volume 45

PYMNTS

DECEMBER 10, 2018

It’s the decoupled debit card. Creating a product that pulled funds from depository accounts at other issuers and was accepted at any Mastercard-accepting merchant gave Cap One something new to offer consumers – and a new business model around which to build rewards to get consumers on board. And what was the product?

ACH 73

ACH Credential Push-to-Card Breach 73

Green.Money

JULY 27, 2019

Everywhere I go, I see Visa, Mastercard, Amex, and Discover. Visa, Mastercard, Amex, and Discover. They even lobbied congress for new anti-money laundering laws geared towards pushing cash out. The goal was to hook everyone on credit card, and destroy cash and check payments. What does that have to do with credit cards?

Wire Transfer 52

Wire Transfer Credit Cards Push-to-Card Checks 52

PYMNTS

JANUARY 21, 2019

The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JUNE 14, 2018

But there is one benefit of paper checks that cards and even ACH aren’t able to provide sellers: a mitigated risk of chargebacks. The company provides checking and debit services that bypass card and ACH rails in order to limit merchants’ exposure to chargeback risk.

Checks 40

Checks Risk Gateways Push-to-Card 40

PYMNTS

JULY 27, 2020

They’ve stood up the right pipes, he said — Visa Direct, Mastercard Send, RTP, Zelle and sometimes PayPal — but when it comes to tying all that together into a consumable deliverable with flexible, on-demand payment options, there remains a big gap. It’s happening either way,” Edwards told Webster. When ‘Instant’ Really Isn’t.

On-Demand 91

On-Demand Instant Payments Push-to-Card Treasury 91

PYMNTS

MAY 11, 2020

Other financial institutions and financial services giants including Visa and Mastercard have also offered disbursement solutions for aid money. The Visa Direct push payments service is likewise an option to disburse PPP funds and other financial relief. People want answers. Here’s one that provides clarity on the matter: “As the U.S.

Online and Mobile Banking 52

Online and Mobile Banking Multi-Currency Digital Currency Federal Reserve 52

PYMNTS

MARCH 7, 2019

The companies also said PayActiv partners can offer real-time deposits to employees’ accounts via debit card or reloadable prepaid card, using Visa Direct ’s real-time push payments. It’s a bit of a blanket approach, governed by the rule of the two-week payroll cycle, batch payments and ACH. Want another data point?

Payroll 80

Payroll Push-to-Card Debit Card Economy 80

PYMNTS

MAY 22, 2018

This is the last mile of payments, where a push can get funds where they need to go — literally. Much has been made in this space about push payments , which assures instant and “safe to spend” funds (meaning the payment cannot be reversed) delivered to a consumer’s account. and didn’t really work in the U.S.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

SEPTEMBER 23, 2019

Checks undeniably still play a role in corporate payments: PYMNTS and Mastercard found in their joint The B2B Payments Tipping Point report that checks remain the most common payment method both for making and receiving B2B payments, and surprisingly, satisfaction with checks is relatively high among surveyed corporates.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

JULY 22, 2016

The day began with Mastercard announcing an acquisition of epic proportions : VocaLink. The day began with Mastercard announcing an acquisition of epic proportions : VocaLink. Most media passed this off as a way for Mastercard to cozy up to the U.K. Payments and Consumer Choice. What a difference a day makes. Summer doldrums.

PayPal 41

PayPal ACH Payments Visa 41

PYMNTS

JANUARY 1, 2019

The need is widespread, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation , and the call for faster and instant disbursements has come in loudly from enough corners to dub 2018 as the “Great Awakening” of push payments. Progress Points.

Instant Payments 79

Instant Payments PayPal Payments Economy 79

PYMNTS

NOVEMBER 9, 2018

While living paycheck to paycheck is often associated with low-salary or part-time workers, the data tells a different story. As it turns out, the white-knuckled wait for payday is something that affects consumers up and down the economic ladder, something a glance at the PYMNTS Financial Invisibles Report quickly confirms.

Instant Payments 71

Instant Payments Push-to-Card Payroll Consumer 71

PYMNTS

DECEMBER 16, 2019

The last 10 years in payments and commerce have given us millions of dots to connect. The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, stating the 2010s with a brand-new toolkit. Payments will power that shift. Payments will power that shift.

Online and Mobile Banking 72

Online and Mobile Banking Credential Payments Economy 72

PYMNTS

JANUARY 1, 2020

The last 10 years in payments and commerce have given us millions of dots to connect. The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, starting the 2010s with a brand-new toolkit. Payments will power that shift. Payments will power that shift.

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

PYMNTS

DECEMBER 6, 2016

The speed at which digital banking is being transformed by new technologies is rapidly increasing. From behavioral biometrics to new selfie technology, financial institutions are being presented with even more ways to distribute their services across digital channels to meet customers where they want to interact. The industry just has to have it.

Innovation 76

Innovation Online and Mobile Banking Zelle Venmo 76

PYMNTS

NOVEMBER 18, 2020

But most of the time, they simply aren’t getting the choice, Ingo Money CEO Drew Edwards and Mastercard ’s Sherri Haymond , executive vice president/digital partnerships, said in a recent discussion with Karen Webster. That steadily rising drumbeat of demand has inspired a new partnership that Ingo and Mastercard announced Wednesday (Nov.

Instant Payments 87

Instant Payments Treasury Visa Payments 87

PYMNTS

MAY 23, 2016

2012 with the intention of creating a mobile-only, merchant-owned payments scheme that ran over ACH rails. MCX coalition members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store — branded plastic cards — to its mobile payments scheme.

EMV 43

EMV Mobile Payments Push-to-Card Chip Cards 43

PYMNTS

JANUARY 20, 2017

This is what Sachin Mehra, group executive of global commercial products at Mastercard , said must be addressed as solutions providers develop commercial payments products to serve the needs of both buyers and suppliers. Playing The Virtual Card. Here’s an excerpt of their discussion.

Visa 44

Visa Innovation Payments Push-to-Card 44

PYMNTS

OCTOBER 23, 2019

And when it comes to 24/7 real-time payments, adoption by businesses, and by consumers, will be pushed ahead use case by use case and transferring funds between accounts in minutes or seconds will gain traction. Tsunamis of change are built on waves. OSG Billing Services and Transactis. Pay On Delivery.

Visa 41

Visa Real Time Payments Online and Mobile Banking Payments 41

PYMNTS

NOVEMBER 21, 2017

The B2B payments industry continues its push to break businesses’ habit of using paper checks, but players are divided on what payment rail should take their place. In Karmic Labs’ latest white paper , “Prepaid Expense Cards: Helping Small Businesses Solve Cash Flow Dilemmas,” researchers surveyed U.S.

Visa 43

Visa B2B Credit Cards Small Business 43

Fintech Finance

JANUARY 10, 2024

” Finix will utilize Mastercard Send and Visa Direct to enable card-based payouts allowing U.S. businesses to quickly send money to bank accounts or eligible cards. .” ” Finix will utilize Mastercard Send and Visa Direct to enable card-based payouts allowing U.S. and Pathward Financial, Inc.

Payment APIs and Integration 52

Payment APIs and Integration Security Tax Refunds Push-to-Card 52

PYMNTS

SEPTEMBER 17, 2019

But delivering on that concept — and providing instant push payments on demand — is far from simple. What we see more and more, though, is that it has to work for many different types of businesses who want to push those funds instantly, and consumers who want to receive them in a variety of ways. Edwards said.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70

PYMNTS

SEPTEMBER 17, 2018

Like many small businesses (SMBs), he doesn’t accept cards. I needed a few outdoor cushions earlier this season and hired a local upholstery shop to make them. This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. The invoice amount was less than $500.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

DECEMBER 27, 2019

The word is out about instant payments — a fact made largely indisputable by the numbers. The numbers go beyond awareness. Instant disbursements are also picking up steam where it really counts — usage. When we asked in 2017 how many consumers have received an instant payment, the answer was a mere 11 percent.

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 52

PYMNTS

FEBRUARY 11, 2019

NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. Now, we have checks, we have wires, we have ACH. Might the state of faster payments be described as “conflicted?”. Where We Are Now.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78