PYMNTS

AUGUST 31, 2017

Two in particular, he said, are technology and payer habits. “It’s Technology provides the opportunity to make big changes in how end-users use the payment system.”. End-users need to see the benefits of technology and of these changes,” said Sapenaro. It’s a combination of both,” Sapenaro said.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

JUNE 12, 2019

It’s another story in the financial services community, of course, where banks and FinTech firms have accelerated their embrace of the application program interface (API) to open up data and unlock new product development opportunities for end users — from individual consumers to multinational corporates.

Overlay Service 54

Overlay Service Payment APIs and Integration Payer B2B 54

PYMNTS

JANUARY 27, 2021

Europe’s PSD2 regulations include SCA requirements for payment service providers, a feature of the legislation designed to combat fraud by using multifactor authentication to verify the identity of the payer.

Commercial Card 94

Commercial Card Payroll Multifactor Authentication B2B 94

PYMNTS

DECEMBER 26, 2019

It’s not the only piece of the puzzle to successfully elevating AR processes, however, with the user experience of growing importance to corporates investing in these technologies. According to McCarthy, the end-users of AR solutions aren’t the only users that technology providers have to keep in mind, either.

Accounts 53

Accounts B2B End User Payer 53

PYMNTS

APRIL 15, 2020

” While this elevates efficiency and reliability for Harbour & Hills, he also highlighted the benefits to corporate end users of this capability. . “We’re not dependent on those correspondent banks for this particular corridor,” explained Tripathi. “We can clear it locally.” Timing And Control.

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

PYMNTS

DECEMBER 2, 2019

Payers are warned of any mismatch between payee identity and bank account information in real time in an effort to combat identity and payments fraud , the firms said. Payers can obtain feedback about a beneficiary before they make payments and release funds, warning businesses of a discrepancy and the need for further due diligence.

B2B 40

B2B Due Diligence Payee Payer 40

PYMNTS

MARCH 7, 2019

. “Adding Hitachi’s scale, industry expertise and deep resources to our unique financing platform will allow us to broaden our supply chain financing solutions to include term loans, XaaS contract financing and end-user financing.” The company released data in 2017 that found nearly half of U.K.

Finance 51

Finance Payer Small Business Non-Bank 51

The Fintech Times

MAY 26, 2024

. “Many central banks have also stated that consumers will be able to use CBDC offline, offering cash-like privacy to users, where personal transaction details would only be known to the payer and the payee.

CBDC 98

CBDC Central Bank Privacy Multi-Currency 98

PYMNTS

NOVEMBER 5, 2018

With the enhancements to Same Day ACH, the ACH Network is delivering the capabilities requested by corporate end users.”. million Same Day ACH payments were made during the quarter, a 192 percent year-over-year increase, though NACHA did not disclose what percentage of that volume was made by business payers. NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

Faster Payments Council

MAY 7, 2020

That kind of flexibility speaks to the payer, making it frictionless and creating a consistent experience. So, that's the intent of the FPC's newly formed End-User QR Code Interface Work Group, chaired by Walmart's Matt Howarter.

FPC 68

FPC Faster Payments Payments Facilitators 68

PYMNTS

JANUARY 13, 2021

Key to that consumerization, the executives said, is the adoption of the virtual card to support integrated online payment, as well as mobile payment, experiences for end users in the accounts payable department. Chase Business Cards Land On Apple Pay.

Office of the Comptroller of the Currency 66

Office of the Comptroller of the Currency Commercial Card Credit Cards Small Business 66

PYMNTS

NOVEMBER 3, 2020

In recent years, FinTech partnerships and integrations have become an integral component of providing a positive end-user experience. And according to Ronny Yakov , CEO of The OLB Group , QuickBooks is often an ideal place to start. You always need to be able to integrate with QuickBooks," he told PYMNTS in an interview.

Payment Gateways 60

Payment Gateways B2B Gateways Payer 60

PYMNTS

MARCH 27, 2020

QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be able to change that. A B2B Opportunity.

Payment Initiation 60

Payment Initiation B2B Online and Mobile Banking Small Business 60

PYMNTS

NOVEMBER 13, 2019

as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. Faster payments continue to gain traction in the U.S., The first step in achieving such traction is demand, he noted.

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

SEPTEMBER 10, 2019

A critical piece of this integration puzzle, Wardwell added, is looking beyond the immediate end-user. Through a decade-plus of B2B payments innovation, one of the biggest lessons the industry has learned is that payment solutions cannot be designed solely for the payer; they must also keep the supplier in mind.

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

NOVEMBER 18, 2020

The ability to move money quickly — and to have both the payer and payee know exactly when that transaction occurred — can be an important value-add for businesses that need to get vendors paid quickly to minimize the risk of any supply chain disruption.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

MAY 29, 2020

Businesses across a variety of verticals have, in isolated cases, started charging end users to help defray the costs of cleaning, disinfecting and other processes tied to battling the pandemic. To help save at least some top line, to perhaps even help margins a bit — enter the COVID-19 surcharge.

Payer 59

Payer Procedures End User Adjustments 59

PYMNTS

SEPTEMBER 29, 2020

As a provider of back-office financial technology, it's vital to speak with chief finance officer (CFO) and finance executive end-users about what they need and which friction points are giving them the most pain.

Automation 59

Automation AI Payer Finance 59

PYMNTS

FEBRUARY 19, 2018

The deeper issue at hand, however, is that some corporate payers actually enjoy the delay from payment rails like paper checks, which enable businesses to hold onto cash just a little bit longer. What is important is how that data is used, and it needs to be something that ultimately provides value and insight to end users.”.

Payment APIs and Integration 43

Payment APIs and Integration Faster Payments Payer B2G 43

PYMNTS

JANUARY 17, 2020

AP automation solutions are designed for finance departments managing high volumes of invoices, with these end-users able to see a high-value proposition from automated tools. For many small businesses, invoice payment options are vast, but few actually fit their needs, according to Bar. “SMBs don’t have departments.

Faster Payments 61

Faster Payments B2B Small Business Venmo 61

PYMNTS

NOVEMBER 21, 2018

A lack of transparency, delays in payment processing and a lack of 24/7 service availability emerged as the top-three pain points for corporate payers transacting across borders.

Authorization 49

Authorization Cross-Border Payments Correspondent Bank Cross-Border 49

PYMNTS

OCTOBER 28, 2019

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. and beyond has anticipated the needs of payers.

Real Time Payments 40

Real Time Payments Instant Payments Value Added Service Payment APIs and Integration 40

PYMNTS

JANUARY 14, 2020

But while the tool aims to offer an alternative to traditional payment rails, Murray explained it is not intending to challenge the banks by enabling payers and payees to transact without services of FIs. The service is developed on blockchain using stablecoin virtual currency pegged against the U.S.

Innovation 53

Innovation Cross-Border B2B Cross-Border Payments 53

PYMNTS

JUNE 15, 2016

Developers must prioritize greater control for their end users, with SMEs able to access flexible payment timescales. Payers can then choose when to pay the bill, and how much of the bill they would like to settle. Integrating an inclusive payments system must be guided by some principles, the company claimed.

Small Business 40

Small Business Payments Payer End User 40

PYMNTS

DECEMBER 27, 2019

There is no single correct road map, Edwards said, but there are guidelines useful for any interested payer. Serving SMBs as payers — as opposed to mainly as receivers of payments — is one of the next big open frontiers to conquer, he said, once the world of smokestack industries and large corporate treasury departments are dealt with.

Instant Payments 52

Instant Payments Payments Push-to-Card Payer 52

PYMNTS

FEBRUARY 29, 2016

Historically, he continued, banks have taken to focusing too narrowly on the back end of payments — the plumbing and mechanics, as DeLuca described it — rather than the front-end, end-user experience. will ultimately see widespread adoption of some kind of payments technology. “The

Innovation 41

Innovation FinTech Faster Payments End User 41

PYMNTS

FEBRUARY 20, 2018

To address these issues, the CPMI recommends greater transparency in the cost of cross-border transactions, with initiatives from players like the World Bank Group’s RPW database enhancing the availability of pricing information for payers and payees.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

OCTOBER 13, 2020

The pandemic has spotlighted the inefficiencies among payers, receivers, chief financial officers (CFOs), financial institutions (FIs) and others that had been simply accepted as the cost of doing business in simpler, steadier times. The end user experience is critical, too, he said, and must be seamless.

Treasury 76

Treasury Real Time Payments On-Demand FinTech 76

PYMNTS

OCTOBER 23, 2019

Much as is the case with the Payment on Delivery, he said, data that accompanies the transaction is rich — and, to the payers, reassuring. So that’s something that’s new for U.S. online bank bill pay.”. He said confirmation messages will be sent back from the biller to the consumer, bringing much-needed transparency to the process.

Visa 41

Visa Real Time Payments Online and Mobile Banking Payments 41

PYMNTS

DECEMBER 14, 2018

What’s more, Tutsch noted, the end user shouldn’t be able to notice the complexities of all these collaborations and integrations. “Service providers in the payment and banking space have to be open-minded to new technologies coming up,” said Tutsch, “especially in blockchain technology.” ”

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 77

PYMNTS

NOVEMBER 19, 2018

For corporate payers, one of the biggest benefits of gpi is the function that connects a code to a transaction, allowing relevant parties to gain visibility into where a payment is at as it moves. There remain many question marks, from blockchain or cryptocurrencies’ role in global payments, to the future of correspondent banking.

Cross-Border Payments 74

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 74