PYMNTS

JANUARY 12, 2021

Wells River says it will provide clients with “the most modern payments infrastructure in the world” through the RTP network, letting individuals and companies have instantaneous availability to money received around the clock with immediate clearing and settlement between the sending and receiving FIs.

RTP 56

RTP TCH Real Time Payments Funding Agent 56

PYMNTS

APRIL 13, 2020

These individuals also expect faster payments in their day-to-day lives thanks to their interactions with peer-to-peer (P2P) payment apps. These younger employees expect faster payment experiences, but mobile-enabled, B2B disbursements have proven to be relatively complex.

Innovation 93

Innovation B2C B2B P2P 93

PYMNTS

JULY 2, 2019

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. More than 50 countries are actively pursuing, piloting or already live with real-time payment programs. Even so, businesses seem aware of the benefits of RTP.

RTP 68

RTP Real Time Payments Visa ISO 20022 68

PYMNTS

FEBRUARY 17, 2020

Weirder still is this: the federal Department of Education (DoE) now requires higher learning institutions to offer students several options for funds disbursement, yet slow and unsecure paper continues to dominate educational payments. Other innovative programs are loading tuition refunds directly onto mobile card accounts.

Direct Deposit 66

Direct Deposit Financial Literacy ACH Checks 66

PYMNTS

MAY 28, 2020

The car giants say they are making these payments a priority because keeping small wholesalers thriving is critical for automakers as they reopen factories, according to the report. GM spokesman David Barnas said the car company launched its “Early Payment Program” last summer with Wells Fargo & Co.

Shutdown 56

Shutdown Payments Payment Programs Finance 56

PYMNTS

APRIL 11, 2018

Last month, NACHA announced it was launching a new initiative to make B2B ACH payments more efficient. The Request for Payment program uses the ISO 20022 messaging standard to facilitate eInvoicing and receive ACH payments that correspond to that bill. percent higher than similar volume reported in 2016.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

SEPTEMBER 19, 2017

Efforts to simplify payments between banks have resulted in platforms like the U.S.  Faster Payments program, both of which allow money to travel quickly at a lower cost. Instead, the SWIFT network collects the money, and the customer never learns what route that cash took. Networks Like ACH Limit Currency Exchanges. .

Process 46

Process SWIFT Payments B2B 46

PYMNTS

MARCH 19, 2020

In an interview with PYMNTS in advance of an industry webinar scheduled for March 31, SmartStream ’s Vincent Kilcoyne, executive vice president of product management, and Roland Brandli, senior vice president of payment programs, said the movement toward digitization means that FIs must re-examine processes and overhaul infrastructure.

Instant Payments 60

Instant Payments AI ISO 20022 Cross-Border 60

PYMNTS

MAY 14, 2018

Wisely Pay dovetails with ADP compliance solutions and an electronic payment program that is extant across 50 states. Those options include peer-to-peer transfers, instant pay and digital wallets, such as the “pays” offered by Samsung and Apple.

Economy 50

Economy Payments Payroll Checks 50

PYMNTS

APRIL 15, 2020

With direct access to the SEPA (Single Euro Payments Area) payment program, OpenPayd has bolstered its payments functions, according to reports. Business clients of the banking-as-a-service company will get access to payment processing throughout the 36 countries taking part in the program.

IBAN 77

IBAN Cross-Border Payments SWIFT 77

PYMNTS

APRIL 8, 2020

Making cross-border payments work — across currencies and across time zones — is no easy task. The challenges are myriad, marked by (to name just a few) legacy systems; new domestic, faster payments rails; and the need to manage and mitigate fraud risk.

Real Time Gross Settlement (RTGS) 72

Real Time Gross Settlement (RTGS) ISO 20022 Cross-Border Cross-Border Payments 72