PYMNTS

JANUARY 10, 2019

“The beauty of the virtual card is that it’s the only payment modality today that solves the four biggest challenges in [the] payment process: speed, good funds, reconciliation [and] fraud risk,” explained Blair Jeffery, chief operating officer at payments processing company Noventis.

Reconciliation 61

Reconciliation B2B ACH Addressing 61

PYMNTS

OCTOBER 8, 2018

Those payments are made largely over rails that have been in place for decades: the bank, ACH and wire rails and via a payment method that has existed for centuries — the good, old-fashioned paper check. We like our banks conservative, and we sleep well knowing that they are bound by regulations that keep that balance in check.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

SEPTEMBER 17, 2019

And for good reason, Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster and Ingo Executive Vice President and Chief Product Officer Lisa McFarland — instant payments present a world of interesting possibilities for creating better consumer experiences across a wide range of uses.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70

PYMNTS

SEPTEMBER 17, 2018

The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. I haven’t had paper checks in the house in more than a year, and no one would be back at the house for another week to give him cash. are still made using a paper check.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

JANUARY 21, 2019

NACHA reports that a growing percentage of healthcare claims are now using SDA rails instead of checks – one giant leap toward putting checks out of business. A payment is the embodiment of good funds to an authenticated buyer and supplier, along with the detailed data that travels with it.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

OCTOBER 8, 2019

As Edwards noted, although having a real-time infrastructure would make the clearing and settlement process more efficient, payors and the channels that serve them don’t have to wait to move funds in real time to a payee. There is just one small problem, Edwards remarked: In most cases, FIs are going about it all wrong.

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49

PYMNTS

APRIL 29, 2019

Sellers never knew if they’d actually get those checks consumers said they put in the mail when they placed their orders on eBay. Loading online shopping carts and checking out was time-consuming, tedious and hit-or-miss. Speaking of online, uncertainty over shopping online is what gave birth to PayPal in 1998.

Online and Mobile Banking 64

Online and Mobile Banking Consumer PayPal Non-Bank 64

PYMNTS

SEPTEMBER 23, 2019

It was an interesting admission, a reality check of sorts, that most of the innovation in B2B payments to date has been to the payors’ benefit. Many leverage existing rails, but use tech to solve for the underwriting or fraud issues that prevent good funds from moving faster between accounts.

Real Time Payments 61

Real Time Payments Payments B2B Innovation 61

Finovate

JUNE 14, 2024

million fund for SME-based fintechs You don’t have to be Sahl to feel as if good funding fortunes are coming your way. billion) fund dedicated to small and medium-sized businesses in the fintech sector. ICYMI: Check out our Finovate Global interview with Michal Berdugo of Israel-based Citrusx. million (EGP 1.5

Online and Mobile Banking 59

Online and Mobile Banking Central Bank Gateways Processors 59

PYMNTS

JANUARY 3, 2020

The return on investment (ROI) of instant is obvious from the get-go: It requires no printing of watermarked paper checks , no envelope or postage and, most importantly, no more waiting for money to clear. Take a core business function – payments, for example – and then make it lightning-fast, less expensive and secure.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

MARCH 18, 2019

percent), as businesses swap checks for ACH transactions and P2P transactions (up 47 percent) between bank accounts. No one argues the need to rid the payments systems of inefficiencies and frictions associated with getting access to funds when needed – or the importance of knowing with certainty when good funds will arrive.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

APRIL 25, 2016

And, payday borrowers aren’t just the stereotypical indigent, migrant worker either – they are the typical middle class citizen with good jobs who just happen to live paycheck to paycheck. To me, given the financial stress that people who take out payday loans face, that seems like a pretty good track record. And why not?

Regulations 41

Regulations Consumer CFPB Online and Mobile Banking 41