PYMNTS

SEPTEMBER 19, 2018

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS) comes into effect. 17) said the Faster Payment System will launch Sept.

Real Time Payments 60

Real Time Payments Faster Payments Payments P2P 60

PYMNTS

AUGUST 13, 2019

The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. Around the Faster Payments World. The country’s central bank announced that the rail processed 5.1 About the Tracker.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

MAY 31, 2016

One of the biggest ways it impacts his thinking is in pondering the role of faster and, eventually, instant payments in the world. in the first world, it’s not an issue,” Hils said of providing faster payments. “In the U.S., is pretty impressive.

Faster Payments 41

Faster Payments Cross-Border Cross-Border Payments Payments 41

PYMNTS

SEPTEMBER 2, 2019

As companies explore the opportunity, financial service providers took steps this summer to encourage the shift. Faster payment initiatives, a focus on application programming interfaces (APIs) and data integrations and efforts to elevate traditional B2B payment tools like ACH and commercial cards all made waves this summer.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Upon launch, FedNow will operate alongside other payment rails, offering FIs and service providers “an additional choice in terms of infrastructure to support instant payments.”.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

SEPTEMBER 28, 2016

Faster Payments and the Singapore FAST schemes and is also being implemented in the U.S. ACI’s UP Immediate Payments solution addresses the end-to-end requirements of financial institutions and payment service providers, enabling them to integrate and manage their entire payments ecosystem through solution configuration.

Payment Networks 74

Payment Networks Real Time Payments Faster Payments Payments 74

PYMNTS

JULY 22, 2020

Businesses in lockdown are finding that real-time payments can support the need to move money and execute payments quickly from a remote working environment, he said, while for customers, merchants’ acceptance of faster payment methods supports demand for touchless and online transacting. ” Driving Ubiquity.

Real Time Payments 90

Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

MARCH 22, 2019

Norway is among the recent countries to adopt the regulation, passing laws that will require account information service providers (AISPs) and payment initiation service providers (PISPs) to comply with PSD2. Customer Awareness is Key for PSD2 Adoption in the Netherlands.

Payment APIs and Integration 69

Payment APIs and Integration Privacy Authentication Faster Payments 69

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

API 79

API Same Day ACH NACHA ACH 79

PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. via all banks and credit unions.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

DECEMBER 4, 2019

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

SEPTEMBER 16, 2020

Cross-border payments technology company Payoneer debuted its Payoneer for Banks program last week, an initiative that provides financial institutions (FIs) and other service providers with infrastructure to send and receive global payments. Faster Payments and BACS schemes.

Cross-Border Payments 56

Cross-Border Payments Payment APIs and Integration Cross-Border Small Business 56

PYMNTS

JANUARY 17, 2017

Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. Faster payments initiatives are just one example of how a changing payments landscape means institutions need to alter their testing approaches, Gilde said.

ISO 8583 49

ISO 8583 ISO 20022 ISOs Faster Payments 49

PYMNTS

DECEMBER 12, 2019

Such solutions can also help third-party developers build new tools that leverage rapid payments, providing customers with even more offerings. This month’s Deep Dive examines the advantages of utilizing API-centric approaches to provide businesses with faster payments. .

API 52

API Payment APIs and Integration Real Time Payments B2B 52

PYMNTS

MAY 3, 2019

Indeed, FinTech and alternative financial service providers have stepped in to try to combat those points of friction, wielding technologies like blockchain and IBAN solutions to find ways around the friction of correspondent banking. . “I think the speed of payment is incredibly important,” he said.

Global Payments 60

Global Payments Cross-Border Payments Cross-Border Small Business 60

PYMNTS

SEPTEMBER 7, 2017

“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, faster payments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

SEPTEMBER 22, 2016

Part of the enhancements include new partnerships with data service providers, like Dunn & Bradstreet, Thomson Reuters and OutsideIQ. Multinational corporations need to be able to do business globally and quickly, and with faster payments initiatives on the way, their transaction speeds are also going to accelerate.

Regulations 75

Regulations Due Diligence Faster Payments Compliance 75

PYMNTS

AUGUST 12, 2020

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more.

Small Business 77

Small Business Push-to-Card Credit Union Payer 77

PYMNTS

MAY 26, 2016

Beanstream is a payments technology firm that is the latest to enter the U.S. But in a departure from the sentiments of some other B2B payments players, that need for security isn’t necessarily stemming from the approach of faster payments. Stewart described the faster payments initiatives of the U.S.

B2B 40

B2B Same Day ACH ACH Faster Payments 40

PYMNTS

JULY 27, 2018

said Kurt Rathmann, CEO and founder of small business financial software provider ScaleFactor. The reason, he recently told PYMNTS, is that entrepreneurs need to get things done more quickly — and, in some cases, want their service providers to do it for them, even if that means sharing sensitive data. “The U.S.

Same Day ACH 41

Same Day ACH Small Business Payment APIs and Integration Privacy 41

PYMNTS

DECEMBER 13, 2018

financial service providers will certainly be looking toward the U.K., As more data flows between platforms, it becomes more difficult for security experts to ascertain whether access to sensitive customer information has been granted by the customer or not. In the U.S., ”

Treasury Management 62

Treasury Management Treasury Payment APIs and Integration API 62

PYMNTS

DECEMBER 30, 2016

Executives from Payoneer, NCR, FTV Capital and Ingo Money touch upon all of these trends as they tell PYMNTS their own visions for B2B payments next year. While a lot of the talk in PSD2 (the pan-European Payment Services Directive) is about helping consumers, there is also benefits from this in the B2B world.

ISO 20022 50

ISO 20022 B2B Online and Mobile Banking ISOs 50

PYMNTS

MAY 25, 2016

In the various markets in which faster payments initiatives are underway, for example, concerns are emerging that highlight the reduced window of opportunity that financial services firms have to identify and mitigate any cyberrisks, data breaches or errors within a transaction. ”

Accounts 46

Accounts Data Breach Process Transactions 46

PYMNTS

MAY 26, 2016

The Faster Payments initiative has made significant strides in the United Kingdom, so much so that the scheme has been held up as a model for other nations globally. The Faster Payments scheme has a goal of reaching every single consumer in the U.K.  Faster Payments scheme?

Faster Payments 40

Faster Payments Real Time Payments Payments Payment APIs and Integration 40

PYMNTS

MAY 4, 2018

Connecting multiple companies under the fold of a single entity will enable Syncapay to facilitate cross-sharing of industry expertise, services and best practices, Spottiswood told PYMNTS in a recent interview. In many ways, it can begin in the peer-to-peer payments space, which has offered an example for business payments.

Same Day ACH 46

Same Day ACH P2P Cross-Border B2B 46

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking. This online payment method is very straightforward and fraud-resistant.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

OCTOBER 24, 2019

But with expectations that more corporates will outsource functions like multi-bank connectivity, Lutz said it’s up to these third-party service providers — especially banks — to be up for the task of managing growing complexity resulting from regulations, faster global payment initiatives, and intensifying data integration needs.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

PYMNTS

DECEMBER 26, 2018

While traditionally, banks have controlled the infrastructure, hardware and operating systems for financial services, new entrants may have the agile infrastructure and innovative propositions to personalize to meet individual consumer needs.

Cross-Border 51

Cross-Border Cross-Border Payments SWIFT Innovation 51