PYMNTS

OCTOBER 4, 2016

Announced today [October 4], the Federal Reserve is beginning a review of 19 proposals from two national payment industry taskforces charged with identifying potential faster U.S. payments system. This first part of the report will explain how the consumer can benefit from a faster payments system.

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PYMNTS

AUGUST 25, 2017

Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives. Sapenaro’s role means helping the Federal Reserve establish and execute its faster payments strategy , as well as initiatives around payments security and stakeholder engagement.

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PYMNTS

OCTOBER 13, 2017

The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the members of the collaborative industry short-term workgroup tasked with developing a governance framework for faster payments in the United States. Path to Faster Payments.”. said Rodriguez.

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PYMNTS

NOVEMBER 15, 2017

The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. To that end, the Fed held a webinar late last month titled “ Next Steps in the Payments Improvements Journey.”.

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The Paypers

JUNE 24, 2022

US-based SaaS provider Jack Henry & Associates has announced it supports fater payments strategies for FIs with JHA PayCenter, its payments hub.

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Faster Payments Payments Strategy Payments 28

PYMNTS

DECEMBER 16, 2019

Here at PYMNTS, we are nothing if not keen chroniclers of change (and what it means for readers), and that’s why we recently took time to have a discussion with Deva Annamalai, director of innovation and payments strategy at Fiserv.

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PYMNTS

JUNE 26, 2018

Faster payments have an uncertain future in B2B transactions. At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios.

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PYMNTS

DECEMBER 4, 2018

The uptake of faster payment systems keeps going up — and up, and up. EBA CLEARING ’s RT1 system, meanwhile, has processed more than 5 million transactions since launch — but some have said the faster payments space could be growing even faster. So, what’s holding back a more rapid faster payments adoption?

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Central Bank Real Time Gross Settlement (RTGS) RTP Faster Payments 70

PYMNTS

OCTOBER 15, 2020

The aim was to pilot the connection of SWIFT gpi with The Faster Payments Scheme (FPS), according to the announcement. The experimental effort was successful and exhibited the international potential to take away time zone limitations that won’t hamper payment processing anymore.

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Core

JULY 12, 2023

To make your digital, mobile payment experience fast and convenient, consider the following best practices: Use the power of a mobile payment strategy to increase convenience for consumers Convenience is still king. Texting is how consumers want to interact with businesses in today’s increasingly real-time access world.

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PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

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Fintech Finance

FEBRUARY 27, 2024

This is a great next step in Backbase’s payment strategy of enabling multiple money movement solutions, both in retail and business segments. Through this integration, we’re offering financial institutions the flexibility to evolve their Real-time payment offerings based on demand and specific use cases.

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PYMNTS

APRIL 21, 2020

The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to suit their needs in a volatile, remote working environment. Deutsche Enables Faster Payments In Thailand.

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

PYMNTS

AUGUST 3, 2016

Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. What’s happening in the world of Faster Payments. As Faster Payments become a reality, the issue of fraud is taking center stage. Now, it’s coming to life.

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PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Louis, as its new payments strategy director.

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The Payments Association

SEPTEMBER 30, 2024

Gunchenkova added that instant payments through open banking are also helping to reduce fraud, particularly in high-volume industries like gaming. “With faster payments and open banking, we can reduce the time and complexity of transactions, making it harder for fraudsters to exploit vulnerabilities in the system,” she explained.

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Paystand

MARCH 19, 2024

Conversely, presenting early payment incentives as opportunities to prevent these losses can encourage clients to pay promptly. Understanding the principles of loss aversion and other psychological factors enables businesses to tailor their payment strategies to align with clients' behavioral tendencies.

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PYMNTS

DECEMBER 14, 2020

The problem with this strategy, however, is that when every company is looking get paid more quickly but pay their own invoices later, B2B buyers and vendors quickly find themselves in a position in which their own cash flow goals contradict each other.

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PYMNTS

MARCH 1, 2018

The NPSO will consolidate the nation’s various payment schemes and lead the rollout of the New Payments Architecture, an initiative outlined by the Payment Systems Regulator’s Payments Strategy Forum. Payments Administration (UKPA) to provide support to payment system operators.

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EBizCharge

AUGUST 30, 2024

Extending Net 30 payment periods can strain cash flow if not appropriately managed, particularly for businesses with tighter margins or those that rely on faster payments for operational expenses. This practice not only reflects responsible financial management but also strengthens your credibility with lenders and suppliers.

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PYMNTS

DECEMBER 23, 2020

Businesses that want to expand the number of freelancers or contractors they are using must take careful note of how payment troubles could affect their abilities to entice and retain ad hoc workers. Faster Payments And The Global Economy.

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PYMNTS

OCTOBER 11, 2017

10) that its UP Real-Time Payments Solution has officially launched in an effort to help banks and other financial institutions support real-time payment services and streamline the way in which these FIs realize their real-time payments strategies. banks to the nation’s Faster Payments scheme.

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Payments Source

JULY 3, 2017

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.

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PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments.

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PYMNTS

AUGUST 2, 2019

Speed Matters for Subscription Payments. Smarter, faster payments have long been the goal, but speed can make a bigger difference in cross-border recurring payments since FX rates can fluctuate. As it stands, cross-border transactions often take three to five business days to settle.

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PYMNTS

JULY 22, 2016

As Michael Miebach, Mastercard’s Chief Product Officer, shared with Karen Webster shortly after the news was announced, the move will enable Mastercard to power the connection between any digital payment method, including bank accounts, and any connected device its network supports. VocaLink is clearly part of that strategy.

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Nanonets

NOVEMBER 16, 2023

Now, through the use of technology, many of these checks and balances can be automated , resulting in lower error rates, faster payment timelines, and a multitude of other benefits. The right supplier payment strategies can reduce the burden of ever-moving exchange rates, but this isn’t the only consideration to factor in.

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PYMNTS

APRIL 22, 2019

Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Still, others have said that B2B payments should be largely left out of the faster payments conversation. “Our [payment] systems are looking at 24/7/365 solutions.

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PYMNTS

SEPTEMBER 16, 2019

Subscription billing platform provider Fusebill is integrating its service into customer relationship management (CRM) platform HubSpot for easier payments. The move will let HubSpot clients better view and generate invoices, enabling faster payments and transactions. How BlueJeans Is Solving Its Recurring Payment Woes.

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PYMNTS

JULY 10, 2017

financial players active in the payment infrastructure, is a government-backed mandate necessary to keep these various entities on the same page? That’s a question the Federal Reserve Faster Payments Task Force is considering as it looks at ways to make U.S. faster payments safer and more efficient. trillion.

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PYMNTS

FEBRUARY 27, 2020

“With seamless integration into existing legacy and modern core systems, the One Inc Digital Payments Platform helps insurers increase customer retention while reducing costs, complexity, and the burdens of compliance and security,” a One Inc statement said. BlueSnap, and AffiniPay.

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PYMNTS

JUNE 23, 2020

. “It can be applied across an organization to help ensure greater internal consistency in fraud classification, more robust information and better fraud tracking,” said Jim Cunha, Federal Reserve Bank of Boston secure payments strategy leader and senior vice president, in a statement.

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Payment Savvy

DECEMBER 9, 2020

More Payment Strategies to Show Up. As we’ve already said, it’s becoming easier than ever to embed payments in various software. As such, we expect to see payments appearing from places we didn’t expect. Businesses are now digitalizing all aspects of their systems to offer seamless payments on a digital platform.

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PYMNTS

DECEMBER 5, 2019

“Staff spend too much time and effort on managing payments, expense claims, reimbursements, approvals, accounting and internal front- and back-end processing,” he said, adding that a “lack of control” is also a major pain point, with managers often lacking real-time, streamlined visibility into who is spending company money, how and with whom.

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PYMNTS

JANUARY 15, 2018

. “Toward the end of this year, we started to see more of a shift in investment toward the B2B side,” said Reetika Grewal, Silicon Valley Bank’s head of payments strategy and solutions. We’re seeing a lot of new company formation around the B2B payment space in a way we haven’t seen before.

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PYMNTS

DECEMBER 3, 2020

She said Mastercard is aiming to optimize payment strategy with the objective of bringing customers an easier experience through the use of things like intelligent routing and a new push-payments partnership, which Mastercard recently announced with Ingo Money. The Value Proposition.

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PYMNTS

OCTOBER 1, 2020

Here are five fast facts that PYMNTS' study uncovered about demand for both a modern digital disbursements experience and the implications for businesses that do — and don’t — make them part of their payments strategy. Fast Fact No. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S.

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