PYMNTS

MARCH 1, 2019

Now, demand for faster payments options is taking off worldwide. It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions.

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53

PYMNTS

JUNE 12, 2017

“As more banks and bank accounts must be managed and new currencies and regulations come into play, the complexity faced by corporates with their payments operations grows.”. Payments Rails. ACH is the most preferred payment rail for corporate payers, according to Strategic Treasurer and Bottomline Technologies.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

FEBRUARY 9, 2017

For all the tools available across the construction trade, faster payments solutions are not among the most utilized by employers. So, what can an old-school industry do to innovate and speed up the process of payment exchange? The required lien waiver documents can complicate the payment process, he said.

Faster Payments 48

Faster Payments Payments NACHA Payment Solutions 48

Nanonets

SEPTEMBER 21, 2023

One solution that can help you achieve these goals is adopting  EDI payment solutions.    EDI payment solutions  offer a streamlined approach to making and receiving payments electronically, saving your business time and resources. It is faster, more secure, and less prone to errors.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

PYMNTS

AUGUST 6, 2020

The solution, Pay Direct , allows corporates to more seamlessly accept online payments directly from the sender’s bank account using the U.K.’s ’s Faster Payments real-time payments system. Plaid, Galileo Boost ACH Efficiency. Tyfone Connects FIs To Payrailz.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

PYMNTS

OCTOBER 21, 2019

18), PNC announced its intelligent payment routing capabilities, which allows treasurers to generate a payment file and then have PNC automatically determine which payment channel should be used to execute the transaction. If not, the payment will then automatically be initiated via ACH. In a press release Friday (Oct.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. Just which payment rail they will migrate to, however, remains unclear. Deutsche Enables Faster Payments In Thailand.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

NOVEMBER 7, 2018

The rise of faster payment systems worldwide are not only enabling payments to move between parties at greatly enhanced speeds, but a growing share of companies are rethinking their traditional business models to take advantage of these more efficient payment tools. Around The Smarter Payments World.

Electronic Funds Transfer (EFT) 63

Electronic Funds Transfer (EFT) Faster Payments Payments Payee 63

PYMNTS

OCTOBER 10, 2019

With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. With push payments, the consumer is always in control of a transaction,” LaFleche said. Pull Payment Trends.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. Speed will be key in several workflows of the B2B commerce experience.

B2B 119

B2B Payer Payments BNPL 119

PYMNTS

DECEMBER 12, 2018

Giving Gig Workers Faster, Safer Payments. The rise of faster payment systems — and, in turn, smarter payments — can allow gig workers to securely submit digital timesheets and get paid just a few minutes or hours later. Download the Tracker to read the feature story, Deep Dive and headlines.

Data Breach 66

Data Breach Payments Faster Payments Breach 66

PYMNTS

SEPTEMBER 10, 2019

Internationally, JPMorgan introduced its E-Customs Payment Solution , which fully digitizes and automates cross-border payments of goods. The bank is also progressing further into the world of healthcare payments with its recent acquisition of InstaMed, which addresses payments issues for consumers, providers and payers.

Cross-Border Payments 77

Cross-Border Payments Cross-Border Processors Payer 77

PYMNTS

AUGUST 8, 2019

Commercial and virtual cards, meanwhile, support faster payments to vendors while enabling payers to retain their capital for longer, too, as well as the opportunity for rebates and rewards. For many businesses, which payment tool is best depends on many factors, from what their vendors prefer to payers’ own cash positions.

Accounts 57

Accounts ACH B2B Payments 57

PYMNTS

SEPTEMBER 10, 2019

One of the biggest B2B payments conundrums today considers the adoption challenge: There are better technologies available to businesses today, so why do paper-based and manual processes persist? The answer is complex because B2B payment solutions must be multifaceted and flexible enough to meet an array of needs.

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

FEBRUARY 18, 2020

healthcare system is a multi-trillion dollar industry, but one rife with inefficiencies, especially when it comes to payments. That dynamic creates mistrust across the system, he added, and, in many cases, drives providers to choose less efficient payment methods.

B2B 52

B2B Faster Payments Payments ACH 52

Stax

MARCH 14, 2024

Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot. Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions.

B2B 88

B2B Process B2C Credit Cards 88

PYMNTS

APRIL 2, 2019

Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds. . RTP in the Bill Payments Realm. BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

PYMNTS

OCTOBER 18, 2016

The executives at payments and FinTech firm Jack Henry & Associates (JHA) know that offering banks and its corporate clients the ability to accept electronic payments online is nothing new. ” So, why has the company developed its own solution, Biller Direct , in this field? .

Accounts 69

Accounts Automation Underserved Checks 69

PYMNTS

OCTOBER 28, 2019

Payment solutions company Flywire is rolling out a simplified cross-border payments solution for Bank of America’s higher education and corporate clients, Flywire announced in a press release on Monday (Oct. The service makes international billing, payment and receipts more efficient and easier to use.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Payer Payments 40

PYMNTS

APRIL 4, 2018

The debut of these solutions has already dramatically changed the nature of payments, making them considerably smarter than those of days gone by. Today’s smarter payments are delivered much faster – within hours or even just a few seconds – and include data to inform both payers and payees.

Tax Refunds 40

Tax Refunds Blocks Payment APIs and Integration Faster Payments 40

Stax

NOVEMBER 11, 2024

They are an additional type of payment you can take along with debit card transactions and credit card payments from card networks like Mastercard, Visa, American Express, and Discover. Or mobile wallet payment solutions like Google Pay and Apple Pay. Q: What are the benefits of accepting ACH payments?

ACH 88

ACH Checks Identity Theft Payments 88

PYMNTS

DECEMBER 5, 2019

Ingvoldstad highlighted top hurdles in employee spending, pointing to the “inconvenience” professionals face when employees are forced to use their personal cash and cards to make payments while on the clock, only to wait weeks for reimbursement. Where Banks Fit In Problem-Solving.

Business Payments 52

Business Payments Payer Payments B2B 52

PYMNTS

SEPTEMBER 24, 2019

SWIFT and Microsoft have partnered with Bank of New York Mellon (BNY Mellon) to finalize the trial of Cloud Connect, a new payments solution, BNY Mellon announced in a press release on Tuesday (Sept. Cloud Connect hosts SWIFT infrastructure and enables payment transfers via Microsoft Azure. SWIFT announced on Monday (Sept.

SWIFT 47

SWIFT Treasury Cross-Border Payments Real Time Payments 47

PYMNTS

JUNE 15, 2018

. “Sellers want to push some new payment tools to their buyers because it’s going to be more efficient, quicker, more secure,” he said. This is particularly true as payments accelerate. The B2B eCommerce market is experiencing significant growth, as is the B2B payments industry.

B2C 40

B2C B2B Reconciliation Payment APIs and Integration 40

PYMNTS

FEBRUARY 29, 2016

and other markets, and it’s entirely different; they’ve gone much faster towards faster payments and towards ePayments, and it’s been spurred directly by government action.”. Bottomline processes a “substantial amount” of the payments going through the U.K.’s s Bacs and Faster Payments systems, for example.

Innovation 41

Innovation FinTech Faster Payments End User 41

PYMNTS

JANUARY 15, 2018

Use of faster payments technologies, too, remains limited in the B2B sphere. Separate data from NACHA found that of the 2 million same-day ACH transactions completed in the first 11 days of the service, just 6 percent were B2B payments; the rest were made up of B2C and P2P transactions.

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

JUNE 2, 2020

Consumers will likely be receptive to faster payment methods if their interactions with other services are any indication. percent of those surveyed wanted to receive their disbursements instantly, with approximately 38 percent wanting instant payments to arrive directly into their bank accounts, 11.7

Real Time Payments 52

Real Time Payments Debit Card B2C Checks 52

PYMNTS

OCTOBER 31, 2019

But the tool’s ability to accept data along with a payment (i.e., the ability to not only receive a check payment, but know what invoice that check is for), is a functionality with which many electronic payment solutions today continue to struggle. The Path to Integration.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

FEBRUARY 28, 2019

It aims to instead provide quicker, smoother processes by enabling digital payments to various youth sports stakeholders, online or via mobile app, with funds pulled directly from payers’ bank accounts and sent into payees’ accounts. While digital person-to-person (P2P) payments solutions like Venmo have become popular in the U.S.,

Reconciliation 43

Reconciliation Payments Payee Payer 43

PYMNTS

MARCH 7, 2016

This is the type of challenge taken on by two tech firms last month: job management software company simPRO and payments technology company IntegraPay, which are bringing their in-the-field payments solutions to users in Australia. Late payments can be a problem for any business,” Urry added.

B2G 40

B2G Payments PayPal B2B 40

PYMNTS

MAY 6, 2019

Even when this level of trust is achieved, issues may still arise that lead to declined payments, chargeback claims and data breaches. A top goal among payments solutions providers is to make these problems as infrequent as possible — and to do so, many are turning to push payments. .

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

The Fintech Times

FEBRUARY 4, 2025

In the US, there has been a huge demand for transparent payment solutions from all parties – consumers, businesses and the financial community are all demanding more. Faster payments enable businesses to be more agile and responsive in todays dynamic economy, creating a competitive edge.

RTP 59

RTP Real Time Payments Instant Payments On-Demand 59

The Fintech Times

MARCH 20, 2025

With over a quarter (27 per cent) of respondents admitting they spend too much time managing payments, a significant proportion recognise the benefits that automation can deliver in process improvement, chiefly highlighting faster payments (49 per cent), reduced errors (34 per cent) and time savings (25 per cent).

Push-to-Card 59

Push-to-Card Automation Payments Payee 59

Fintech Finance

FEBRUARY 28, 2025

With Biometric Pix, payers can authorize transactions quickly and securely using their devices biometric authentication or fingerprint scannereliminating the need to enter passwords or access their banking app. OneKey Payments is the first Belvo client to adopt Biometric Pix, expanding its instant payment offerings.

Instant Payments 52

Instant Payments Online and Mobile Banking Payments Central Bank 52