Payments Source

JUNE 11, 2020

The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen.

Government Payments 102

Government Payments Governance Government Payments 102

PYMNTS

APRIL 24, 2020

As local- and state-level government entities continue to run, it’s not business as usual for the public sector — particularly in the way these entities make and receive payments. It’s been a boon for ACH payments, said Jeff Thorness, president of Forte Payment Systems , a CSG company.

ACH 64

ACH Governance Government G2B 64

PYMNTS

OCTOBER 19, 2020

Digital payments form a critical facet of the world’s economy, facilitating the flow of tens of trillions of dollars among individuals and businesses each year. These challenges are only exacerbated when payments move across international borders, usually accomplished via correspondence banking.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Technology 77

Clearly Payments

FEBRUARY 12, 2024

At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. As the world’s leading payment networks , Visa and Mastercard play a pivotal role in shaping the landscape of electronic payments on a global scale. UnionPay has 32% of the global credit card market.

Visa 88

Visa Payments Payment Networks Online and Mobile Banking 88

Fintech Finance

DECEMBER 9, 2024

Ibanera , a leading digital banking platform, is tapping into the expertise of global financial services provider FIS to launch its prepaid card program. This collaboration is set to deliver cutting-edge payment solutions tailored for both businesses and individual consumers across the United States. billion U.S.

Innovation 105

Innovation FedWire FedNow Direct Deposit 105

Stax

JUNE 27, 2024

As a business owner, you engage in many daily transactions, from receiving customer payments to paying your bills and suppliers. But cash and checks are rapidly declining as preferred modes of payment. Brainy Insights valued the digital payments market at $102.60 billion in 2022 and estimated it to reach $510.30

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Core

FEBRUARY 6, 2024

As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. How is this achieved?

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

Payments Source

JANUARY 12, 2021

The original coronavirus stimulus program in 2020 stumbled out of the gate, delaying payments for months and exposing America's lack of universal access to the financial system. With round two, it's the digital rails that are sputtering early on.

Origination 87

Origination Payments Government Payments Governance 87

Stax

SEPTEMBER 17, 2024

If you had to scratch your head to answer this question, you’re among 9 in 10 Americans who prefer digital transactions over traditional payment methods. According to Mordor Intelligence , the electronic payments industry was valued at $7.36 trillion in 2021 and is expected to grow at a CAGR of 11.08% to hit $15.27

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

PYMNTS

AUGUST 21, 2020

China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings. The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

JUNE 29, 2016

Amazon Payments will soon be an official payment option of the U.S. federal government. The Bureau of the Fiscal Service announced today (June 29) that Amazon Payments will soon be a digital payment option for consumers needing to make an online payment to the federal government.

Bureau of the Fiscal Service 42

Bureau of the Fiscal Service Governance Government Fiscal Service 42

Core

JULY 12, 2023

Increase Convenience and Improve Speed-to-Payment The current payment experience is riddled with a few challenges for consumers. household paying at least 10 bills per month , consumers have multiple payment reminders and bills to manage. Consumers are most likely to make a payment between 10:00 a.m. With the average U.S.

Payments 52

Payments Mobile Payments Payments Strategy Best Practices 52

Core

OCTOBER 4, 2023

The presence of outdated legacy and manual, error-prone payment processing systems only underscores this reality. Government enterprise resource planning (ERP) payment systems arise to confront these challenges. Here is everything you need to know about the benefits and challenges of ERP payment systems.

Governance 52

Governance Government Payment Reconciliation Payment Gateways 52

PYMNTS

MAY 28, 2020

As Mastercard Senior Vice President of Digital Payments Silvana Hernandez told Karen Webster in a recent conversation, the recent difficulties weren’t created by the COVID-19 pandemic so much as they were fully exposed by it and put under more pressure all at once. And you know these days, immediacy matters.”. Turning The Big Ships.

Visa 61

Visa Consumer P2P ACH 61

Core

SEPTEMBER 15, 2023

Modernization allows governments to stay in tune with the evolving expectations of their citizens, who increasingly expect convenient and efficient payment options. Utility payments, reservations, and application fees are key areas where kiosk payments are crucial in modernizing government service payments.

Government 52

Government Governance Transactions Security 52

PYMNTS

AUGUST 6, 2019

It is common to receive instant payments for ad hoc employment and other work-related reimbursements, but real-time Social Security and retirement payouts have yet to gain traction. Retirees are used to digital disbursement methods, but instant payments have not become popular within the U.S.

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

PYMNTS

MAY 5, 2017

As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. Several players in the payments space have recognized this urgent need for choice and speed and are stepping up to help companies offer this capability.

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. Businesses, banks and payment providers worldwide are innovating the way disbursements are sent and received to better serve the needs of this group of consumers.

On-Demand 49

On-Demand Instant Payments Online and Mobile Banking Checks 49

Neopay

SEPTEMBER 26, 2024

On 5th September, the Payment Systems Regulator’s (PSR) 2023/24 Annual Report and Accounts has been published, looking back on a year of delivery that will see numerous benefits for everyone who uses payment systems. The PSR also consulted on Faster Payments proposals to enable a phased rollout of VRPs.

Cross-Border 52

Cross-Border Faster Payments Payee Consulting 52

PYMNTS

DECEMBER 12, 2019

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. and Europe, lacks the same government push for change, and in some cases, mandatory changes. Though the U.S. unlike markets like the U.K.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

JANUARY 22, 2020

Instant payments are lauded for their convenience, ease and most importantly, for their speed. Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods.

Governance 52

Governance Government Checks Tax Refunds 52

PYMNTS

APRIL 9, 2020

Financial concerns caused by the temporary closures of many businesses as well as rising health concerns are leading many to request funds they have been waiting for — including rebates, insurance claims or government payments — as quickly and as easily as possible. Around The Disbursements World.

Checks 71

Checks Online and Mobile Banking Direct Deposit Scams 71

PYMNTS

JUNE 3, 2016

. “They will save time and effort through purchasing with the payroll cards that are considered [a] safe and smooth payment tool that facilitates their daily lives,” he added. At present, electronic government payments account for about 2 percent of the overall consumer spending market in the country, he said.

Financial Inclusion 40

Financial Inclusion Payroll Governance Government 40

Core

JUNE 29, 2023

A cutting-edge, automated platform can powerfully accelerate the time to value for citizens for a streamlined payment experience when accessing government services. For example, citizens in Grant County, UT, made property tax payments by check through the mail, which resulted in delays.

Governance 52

Governance Government Automation Reconciliation 52

PYMNTS

JUNE 2, 2020

government pandemic stimulus checks ($1,200 per adult) and a temporary boost in weekly unemployment payments (an extra $600 a week) will help for the jobless. While individuals can typically file claims and check the status of payments online, some requests for new passwords are being sent through — you guessed it — the U.S.

Checks 53

Checks Federal Reserve Governance Government 53

PYMNTS

MAY 11, 2020

Others believe there’s a paper check coming but find no details on the IRS “Get My Payment” web portal set up to track the progress of funds. The government] is not a payments company and was not set up to [instantly] distribute a large chunk of $2 trillion to hundreds of millions of consumers and SMBs.”. People want answers.

Online and Mobile Banking 52

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

Core

JUNE 21, 2023

Convenient and modern payment processes are a critical focus for government agencies, and providing efficient digital payment solutions to citizens is only the beginning. And that puts a big burden on the people working for all of the different government entities.” Three takeaways from the discussion: 1.

Governance 52

Governance Government Online and Mobile Banking Enrollments 52

PYMNTS

MARCH 14, 2018

Real-time payments in a number of countries, such as Thailand and India, have transformed how small businesses and individuals transact,” said the executive. Large-scale digital payments initiatives can offer instruction into the boons and challenges tied to boosting financial inclusion and bringing financial services into the 21st century.

Financial Inclusion 48

Financial Inclusion Real Time Payments Mobile Banking Federal Reserve 48

PYMNTS

OCTOBER 25, 2019

But the story of how payments are evolving there can offer lessons for the rest of the globe, along with glimpses of how the relevant technology might play out in the 2020s. These are indeed exciting times for FinTech, payments and financial services in New Zealand. Open Banking. Open Banking stands as one recent example.

FinTech 44

FinTech API Innovation Consumer 44

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Through trial and error, the company has set up key financial pillars across payments, cash deposits, and lending. Amazon Payments. It’s likely that Amazon was too early to P2P payments. Closing thoughts.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Fintech Finance

DECEMBER 12, 2023

Visa, one of the world’s leading digital payment companies, and RevoluPAY , a wholly owned subsidiary of RevoluGROUP Canada Inc. This innovative solution arrives amidst a growing trend among consumers favouring digital payments and demanding new methods for seamless money transfers.

P2P 52

P2P Near Real-Time Facilitators Payments 52

Fintech Labs Insights

OCTOBER 3, 2016

Helped facilitate payments to expert freelancers on OnFrontiers network. Won Best Corporate/Government Payments Programme at Emerging Payments Awards. Connected digital payments hub with Finovate alum Klarna’s checkout solution. Other alums: American Express Corporate Payments ( FD15 ).

Payment APIs and Integration 18

Payment APIs and Integration Online and Mobile Banking Due Diligence Multi-Currency 18