PYMNTS

MARCH 18, 2019

Take two announcements from just last week, related to the evolution of faster payments in the U.S. 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. The Fed’s Hat and the Faster Payments Ring.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 21, 2021

They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Around The Real-Time Payments World.

Real Time Payments 92

Real Time Payments RTP P2P AI 92

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. Uncovering The B2B Use Cases.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

PYMNTS

MARCH 2, 2016

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. The Power Of Payments.

Faster Payments 41

Faster Payments NACHA C2B P2P 41

PYMNTS

JUNE 13, 2019

It seems an especially low number when considering this stat: Only 3 percent of companies meet customer demands for instant business-to-consumer (B2C) payments. As much as 80 percent of firms still rely on paper checks when it comes to making business-to-business (B2B) payments. After all, faster payments impact cash flow, too.

Checks 66

Checks Real Time Payments Faster Payments B2C 66

Stax

MARCH 14, 2024

Business to business organizations provide services or goods to other companies, unlike business to consumer (B2C), which is when businesses transact with consumers (individuals). Business to business payments, therefore, refer to the payment processes and activities between two businesses.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

DECEMBER 16, 2019

Super apps create differentiated financial ecosystems in the back end (and front end), incorporating capabilities like an aggregation of multiple service providers, digital account origination, embedded KYC abilities and real-time payments — to name a few. Such apps promise to be a source of innovation in the new decade.

Faster Payments 42

Faster Payments Real Time Payments Payments Credit Union 42

PYMNTS

JUNE 18, 2019

Adoption of real-time payments in the U.S. The assumption, of course, is that faster payment functionality only has a place in the peer-to-peer payments arena. ’s push for real-time payments is led by The Clearing House, which aims for ubiquity of its real-time payments (RTP) network by 2020.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

PYMNTS

JANUARY 23, 2020

Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years. Faster payments may not be the most popular disbursement method, but markets are regularly adopting them for consumer payouts.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

MARCH 13, 2020

Apply Financial’s main product Validate, which allows customers to validate payments automatically, makes use of cloud technology to let firms submit the exact pinpointed numbers for bank accounts and payment details. The move is in line with the general trend toward faster payments.

Process 60

Process Payments B2C B2B 60

PYMNTS

NOVEMBER 15, 2019

As a result, firms that are lagging behind in faster payments investments could miss out on the full opportunities available in the global business-to-consumer (B2C) solutions market. Several global financial institutions (FIs) appear to understand the opportunities and missed opportunities that faster payments can provide.

Faster Payments 46

Faster Payments B2C API P2P 46

Faster Payments Council

MAY 17, 2021

While real-time payments (RTP) was previously considered an infrastructure luxury, it has now become a common method of payment in many parts of the world. This adoption has changed the payments landscape. Introduction on RTP and its adoption around the world.

RTP 88

RTP G2C C2B Real Time Payments 88

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

PYMNTS

JUNE 2, 2020

This month’s Deep Dive examines the factors affecting the nation’s more than $103 billion healthcare market and how digital B2C solutions can streamline the payments process. Consumers will likely be receptive to faster payment methods if their interactions with other services are any indication.

Real Time Payments 52

Real Time Payments Debit Card B2C Checks 52

PYMNTS

APRIL 16, 2019

If you look outside B2B or B2C, or consumer P2P, they are needed just about anywhere,” he said of APIs. another driver of API adoption comes courtesy of the real-time payments space, where a tailwind exists from the fact that as many as 56 real-time payment rails will be live domestically by 2020.

API 71

API P2P B2B Payment APIs and Integration 71

PYMNTS

DECEMBER 2, 2019

Among the Highlights: As faster payments schemes proliferate around the world — there are more than 50 separate initiatives underway globally at last count — businesses must adjust to the notion of cash settling across business coffers several times a day. That is broadening, too, and crossing borders.

Cross-Border 55

Cross-Border Cross-Border Payments Payment APIs and Integration Treasury 55

PYMNTS

JUNE 18, 2019

It’s a well-known fact, too, that corporate payments (the B2B kind) are ripe for digitization, and for a wholesale move away from the paper chase, where checks are still stubbornly tied to 50 percent of corporate transactions. where, for example, the Federal Reserve is mulling the development of its own real-time system. (

RTP 78

RTP P2P B2B RFP 78

PYMNTS

DECEMBER 24, 2019

10: Via Faster Payments. Real-time payments — it’s a common phrase in 2019 that will become even more common in 2020. continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

AUGUST 2, 2019

One stark takeaway from this study is that while in nine of the 10 countries included, at least 30 percent of consumers preferred bank/direct debit to pay for online subscriptions, only one of the top 44 B2C subscription sites even offers bank/direct debit as an option to pay. Speed Matters for Subscription Payments.

Cross-Border 43

Cross-Border Payment APIs and Integration Real Time Payments Credit Cards 43

PYMNTS

AUGUST 14, 2019

Indeed, there are plans or deployments in more than 40 countries around the globe to bring faster payments or real-time payments (RTP) into the fold. to fully embrace real-time payments for both B2B and B2C activity.”. Among the factors helping to promote the growth of RTP?

P2P 49

P2P Zelle Venmo RTP 49

PYMNTS

DECEMBER 3, 2019

The magnitude of the market is attractive even to B2C FinTechs, though the industry has quickly understood that B2B problems cannot be addressed with tools and technologies designed for consumer. And indeed, some businesses in need of cross-border payment solutions have been forced to revert to those B2C solutions, with lackluster results.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Blockchain 53

PYMNTS

JANUARY 15, 2018

Use of faster payments technologies, too, remains limited in the B2B sphere. Separate data from NACHA found that of the 2 million same-day ACH transactions completed in the first 11 days of the service, just 6 percent were B2B payments; the rest were made up of B2C and P2P transactions.

B2B 55

B2B Innovation Same Day ACH NACHA 55

Payment Savvy

DECEMBER 9, 2020

Businesses are now digitalizing all aspects of their systems to offer seamless payments on a digital platform. Real-Time Payments. Faster payments benefit both consumers and businesses.

Payments Trends 52

Payments Trends Payments RTP C2B 52

PYMNTS

APRIL 10, 2020

Institutions such as The Clearing House (TCH) and the Federal Reserve have also created payment networks that have made faster, digital payments a reality for business-to-business (B2B) and business-to-consumer (B2C) payment processes alike.

Technology 79

Technology Legal Checks B2C 79

PYMNTS

MARCH 19, 2019

In the latest PYMNTS Beyond the Buzzword podcast, Justin Ferrabee, chief operating officer of Payments Canada , a financial market infrastructure, told Karen Webster that cash now has — and will continue to have — its place among the ways we pay. That’s especially true for corporate and B2C transactions, he said.

ISO 20022 86

ISO 20022 ISOs Payments Online and Mobile Banking 86

PYMNTS

JANUARY 10, 2019

But consumers are increasingly demanding quicker — even instant — payments in all types of situations, from wages to disbursements. B2C disbursements account for more than 3.5 billion payments valued at $10.7 Further evidence of that comes from the new PYMNTS Disbursements Tracker.

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

PYMNTS

JANUARY 11, 2021

B2C companies that had once relied on intermediaries to sell goods embraced the direct-to-consumer model, while B2B firms focused on transforming their own interactions with corporate clients. Treasurers also quickly became leaders for their firms, exploring how to adjust business models in response to dramatic changes in the market.

Treasury 79

Treasury Payments API Adjustments 79

PYMNTS

JULY 25, 2019

Financial players worldwide are kicking payment systems into high gear with efforts that range from easier-to-use digital solutions to new instant payment infrastructures. Roughly 40 countries had real-time payment systems in place in 2018, and many more are currently working to provide them. APIs for Businesses.

Faster Payments 64

Faster Payments API Payment APIs and Integration Cross-Border 64

PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. There are dozens of faster payment schemes rooted or taking shape around the world — 54 at last count. That’s a staggering leap from the 14 live faster payment schemes that existed worldwide in 2014, when FIS first released Flavors of Fast.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

OCTOBER 28, 2016

Whether through virtual payment technologies or faster payment initiatives, the B2B payments ecosystem has explored ways to accelerate the time it takes a buyer to pay its supplier. Some argue electronic payments, like credit cards, are the answer.

B2B 71

B2B Credit Cards Payments Same Day ACH 71

PYMNTS

APRIL 22, 2019

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation. “Our [payment] systems are looking at 24/7/365 solutions.

Faster Payments 63

Faster Payments Center for Payments Real Time Payments Payments 63

PYMNTS

SEPTEMBER 4, 2018

The enterprise is still unsure about faster and real-time payments. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates.

Treasury 44

Treasury Faster Payments Real Time Payments Liquidity Management 44

PYMNTS

NOVEMBER 7, 2018

Faster payments solutions must meet a variety of demands. Small retailers want to keep their cash flow moving by receiving consumer payments quickly, while large corporations need improved data and visibility to ensure their B2B transactions arrive on schedule. In addition, the rails are expected to benefit B2C payments.

Faster Payments 49

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B 49

PYMNTS

JUNE 15, 2018

With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. trillion by 2021 — the business-to-business payments market is primed for disruption. This is particularly true as payments accelerate. “But you need to reconcile in real time.”

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

PYMNTS

NOVEMBER 8, 2019

As real-time payments (RTP) gain traction with consumers via peer-to-peer (P2P), the pump may be primed for business-to-business (B2B) transactions to follow suit. Key among those conduits, of course, is the Clearinghouse RTP network, where commercial real-time payments made their debut in the U.S.

RTP 40

RTP B2B Real Time Payments P2P 40

PYMNTS

DECEMBER 30, 2020

“We may see some coexistence in the large organizations space, where cards are already used for purchasing,” Narayanan said in the PYMNTS CFO's Guide To Digitizing B2B Payments report, powered by Comdata. It's All About Timing. For some B2C firms, that meant expanding into the B2B market.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

OCTOBER 2, 2019

Since there is no mandate in place for all banks to embrace the real-time payments system, there’s been a “slow burn,” as he called it, to get banks on board. One impediment has been the lack of ubiquity, Kohli noted. That’s not to say instant is not making an impact — and there is a natural progression at work. In the U.S.,

Instant Payments 63

Instant Payments Interoperability Cash Management Cross-Border 63