PYMNTS

JANUARY 6, 2020

Furthermore, faster payments is also likely to drive community banks’ competitive edge. “Faster payments is the way of the industry for all of us financial institutions — large, medium or small,” she said.

Community Banks 49

Community Banks Faster Payments Federal Reserve Small Business 49

PYMNTS

SEPTEMBER 4, 2018

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. In the U.S.,

Treasury 44

Treasury Faster Payments Real Time Payments Liquidity Management 44

PYMNTS

NOVEMBER 17, 2017

But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s s Faster Payments scheme , some are beginning to realize that, when it comes to corporate payers, real-time payments capabilities can offer more than speed.

Faster Payments 41

Faster Payments Payer Real Time Payments Payments 41

Payments Source

OCTOBER 8, 2020

In the two months since earned wage access (EWA) provider Immediate launched Visa Direct as a payment option, the near real-time method is already accounting for 50% of its payments.

Near Real-Time 123

Near Real-Time Accounts Payments Faster Payments 123

Payments Source

DECEMBER 7, 2020

TransferGo will use Mastercard's push payment service to support near real-time money transfers for European customers.

Visa 105

Visa Near Real-Time Payments Cross-Border Payments 105

PYMNTS

AUGUST 24, 2016

Without near-real-time payroll tools, the wait for employees to actually see their earnings can be a challenge. But according to Hyperwallet, some of it can also be attributed to more efficient payroll processing and better rails to land payroll funds with employees faster.

Faster Payments 42

Faster Payments Same Day ACH Payroll On-Demand 42

The Fintech Times

SEPTEMBER 5, 2024

Digital payments giant Visa is set to debut ‘Visa A2A’ in the UK early next year, offering consumers an enhanced digital user experience, advanced security features, and an easy-to-use dispute resolution service that represents a significant upgrade to the existing pay-by-bank experience.

Disputes 57

Disputes Payments Faster Payments Near Real-Time 57

Segpay

SEPTEMBER 24, 2024

Pay by bank transactions are less than card transactions and can offer faster settlements due to real-time or near real-time settlements. This can improve cash flow as funds from bank transfers can be deposited into the merchant’s account in real time. Processing fees are also lower.

Accounts 98

Accounts Online and Mobile Banking Payments Authentication 98

Payments Source

JANUARY 9, 2019

Cross River Bank has formed a partnership with Stripe that Gilles said will handle every debit push payment within its platform in near real time via Mastercard Send and Visa Direct.

Near Real-Time 72

Near Real-Time Visa Payments Real Time Payments 72

PYMNTS

MARCH 4, 2020

Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail. Read the full story in the Tracker. Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats.

API 96

API Treasury Payment APIs and Integration B2B 96

Fintech Finance

SEPTEMBER 4, 2024

In 2023, £3.7tn was paid via A2A Faster Payments in the UK, a 15% increase over the previous year[1]. However, the payment of bills and subscriptions through bank transfers remains largely unchanged since the inception of direct debit 60 years ago.

Consumer Protection 86

Consumer Protection Consumer Payments Disputes 86

PYMNTS

NOVEMBER 8, 2017

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

JANUARY 28, 2021

Whether it’s the ability to facilitate cross-border transactions in near real time or bridge the silos in liquidity, digital assets are forcing treasurers to reconsider the traditions of money management.

Treasury 84

Treasury Cross-Border Cross-Border Payments Interoperability 84

PYMNTS

NOVEMBER 13, 2018

Workers can see a portion of their wages transferred to their bank accounts in near real-time for reduced cash flow pressure while professionals wait for their official payday. using payday loans or banking overdrafts on a regular basis — solutions that can lead to added fees and greater financial burdens.

On-Demand 57

On-Demand Payroll Near Real-Time Faster Payments 57

PYMNTS

AUGUST 30, 2019

Fiserv will link PayActiv to its Digital Disbursements technology, enabling users to move money in real time across their U.S. bank accounts or card accounts via direct push payments. The collaboration means employees can see funds land in those new accounts in near real time, rather than in a few days.

Credit Union 40

Credit Union Near Real-Time Push-to-Card Payroll 40

PYMNTS

JULY 8, 2020

payment schemes, including Faster Payments. In B2B supply chains, financing and payments are intrinsically linked, a fact that guided the bank’s user experience strategy. As Coates explained, Oxbury’s banking platform also acts as an invoice management portal.

Faster Payments 52

Faster Payments Finance Underwriting Near Real-Time 52

PYMNTS

DECEMBER 2, 2019

In the latest iteration of the “Executive Insight” series, executives at Citigroup take stock of the treasury function evolution from a somewhat predictable, visible monitoring of cash positions on a daily or weekly basis, marked by batch processing … to today’s necessity of managing cash in near-real-time, sometimes pressure-cooker situations.

Cross-Border 55

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

PYMNTS

JULY 24, 2017

Take faster payments. One such innovator recognized the vast commerce potential that could be unlocked if new technologies were used to move money and messaging between people in near real-time. Western Union launched its national money transfer, which provided fast payments between people and businesses, in 1871.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

AUGUST 27, 2020

Customers who fit the mold "can apply directly by logging onto NetBank or the CommBank app — no other Australian bank offers this complete fully automated service with near real-time funding," the report stated. He said the BizExpress application is intended to make lending applications more streamlined and digitally friendly.

Finance 69

Finance Near Real-Time Issuers Small Business 69

PYMNTS

DECEMBER 3, 2020

The system can provide insurance-policy holders with claim payments in near real time using their preferred payment method. Additionally, the initiative can serve the gig economy through offering real-time payments to any account.

Treasury 89

Treasury Visa Digital Payments Debit Card 89

PYMNTS

DECEMBER 13, 2018

Turner noted that FinTechs that are able to wield data-sharing opportunities can then automate the aggregation and normalization of financial data across platforms automatically, enabling financial controllers and other executives to obtain their cash positions in near real-time. ”

Treasury Management 62

Treasury Management Treasury Payment APIs and Integration API 62

PYMNTS

AUGUST 1, 2019

A pan-European instant payments solution could be a game changer for European businesses, as it would allow real-time transactions and ease compliance needs. The United States is also exploring payments interoperability with the Faster Payment Task Force, which the U.S. Federal Reserve created in 2015.

Cross-Border Payments 43

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

PYMNTS

AUGUST 7, 2020

“Instant payments will enable millions of American households and small businesses to get instant access to funds, rather than waiting days for checks to clear.”. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

Nanonets

NOVEMBER 30, 2023

  Benefits:  Besides significantly improving invoice processing efficiency, using an AI-driven AP automation system helps your company improve its vendor relationships through better communications, including payment status, and faster payments.

Best Practices 52

Best Practices Accounts Automation Electronic Funds Transfer (EFT) 52

Segpay

JUNE 25, 2024

Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement. This improves cash flow, as funds from bank transfers can be deposited into the merchant’s account in real-time. Belgians love to pay with Bancontact or Payconiq.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

MARCH 16, 2018

OANDA recently announced an upgrade to its Exchange Rates API, which enables updates to FX rates in near real time, along with other features designed for developers in need of a foreign exchange data flow for their own solutions. Companies are going global, and payments are becoming faster too.

Treasury 53

Treasury Payment APIs and Integration API Treasury Management 53

PYMNTS

MAY 28, 2020

Mastercard Send, Mastercard’s global push payments platform, is designed to help SMBs through enabling their merchant settlement funds in near-real time through their acquirers. Instant push payments replace the days of waiting that are common with ACH transfers. “And you know these days, immediacy matters.”.

Visa 61

Visa Consumer P2P ACH 61

Fintech Labs Insights

OCTOBER 23, 2016

Visa ( FD14 ) partners with blockchain innovator Chain ( FD15 ) to develop a “near real-time,” high value, fund transfer system between banks and corporate customers called Visa B2B Connect. ” Australia introduces the New Payment Platform (NPP), a version of the U.K.’s Blockchain.

FinTech 15

FinTech Push-to-Card Near Real-Time Blockchain 15

PYMNTS

DECEMBER 16, 2020

By harnessing the power of cloud-based architecture, financial institutions will be able to “safely and securely handle significant payment processing volume in near-real time.” . Faster Payments Aggregator with Pay.UK. Faster Payments. Dobbie will join Form3’s Strategic Advisory Board.

Real Time Payments 133

Real Time Payments Visa Faster Payments Near Real-Time 133

PYMNTS

NOVEMBER 13, 2019

Faster payments continue to gain traction in the U.S., However, real-time payments (RTP) have a long way to ubiquity, and while each payment rail has its advantages, each also has drawbacks that could stifle efforts for near-universal adoption. In the U.S., The Ubiquity Challenge.

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

MAY 21, 2018

These marketplaces are highly valued by these workers because they provide leads in near real time. Only 15 percent of all gig workers said gigs were their primary source of income. Nearly 60 percent of gig workers found their gigs via a digital marketplace.

Digital Payments 45

Digital Payments Direct Deposit Payments Economy 45

PYMNTS

AUGUST 14, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their way into the Canadian market.

Faster Payments 40

Faster Payments Near Real-Time Payments Industry Trends 40

PYMNTS

JULY 10, 2019

Canada is embracing the payments modernization journey, with organizations like Payments Canada driving adoption of faster, more agile payment functionality in the country. Faster Payments. Such visibility enables real-time analysis of risk exposures for more agile FX hedging and risk management.

B2B 62

B2B Payment APIs and Integration Faster Payments Reconciliation 62

PYMNTS

MARCH 28, 2017

It takes more than just having the latest technology or an innovative idea to make faster payments work. While the list may seem straightforward, Maoloni noted that often these principles can be either difficult to attain or entirely overlooked as payments providers pursue the deployment of faster payments.

Faster Payments 52

Faster Payments Payments Payment APIs and Integration Near Real-Time 52