Remove End User Remove Liquidity Management Remove Service Provider
article thumbnail

How China Fuels Alternatives To Correspondent Banking

PYMNTS

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing. It’s not without its drawbacks, however. .

article thumbnail

Banks Embrace Direct Data Integrations For SMB Services

PYMNTS

Bank is now a part of the Akoya Data Access Network, which aims to provide end users with greater control over their data and the third-party platforms with which they share it. He added that Visa's banking clients will be able to enhance their own small business services as a result of the partnership.

article thumbnail

Citi Explores The Real-Time Payments User Experience

PYMNTS

The payments industry has been riding the wave of shifting consumer habits and demands, placing the end-user experience at the forefront of new products, services and infrastructure. Those users, both consumers and businesses, aren’t just demanding choice, however. But with the U.S.

article thumbnail

Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

In a conversation with PYMNTS , Volante Head of Market Infrastructures Domenico Scaffidi explored how financial service providers can get creative to understand how businesses will use real-time payments. In an announcement , FinTech-as-a-Service company Rapyd rolled out its Rapyd Protect solution.

B2B 104
article thumbnail

FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

The comments and insight across the past year-plus has led the Fed to ready a FedNow pilot program — an effort that will seek additional guidance from financial institutions (FIs), including payment processors, to help the service evolve moving forward. We'll look to have interoperability with RTP so that we can start to get that reach.”

article thumbnail

FIs Look Inward For Faster Blockchain Deployment

PYMNTS

Gradually, real-world applications are launching, and service providers have begun testing their new solutions. However, the service, she pointed out, also addresses a key point of friction for the financial institution itself, offering real-time liquidity management capabilities.

article thumbnail

Multi-Bank Connectivity Puts The Pressure On Treasury Tech

PYMNTS

Financial institutions are investing significantly in embracing online banking and supporting a positive digital experience for their end-users. Without centralized data, you can’t have true global cash visibility, making accurate forecasting and liquidity management impossible,” explained Lutz.