PYMNTS

JULY 3, 2018

The need for faster payments is transcending borders, with FIs in several major global regions making efforts to expand local access to speedier payments. These innovations not only promise to improve payment speed, but to also accelerate financial access and empowerment in different markets. . s payment systems.

Faster Payments 40

Faster Payments Cross-Border Zelle Payments 40

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

The Paypers

JUNE 17, 2019

(The Paypers) US-based fintech Acquired.com has added API-driven Faster Payments tool that allows businesses to make instant payments to customers and accounts payable.

Faster Payments 31

Faster Payments API Instant Payments Payments 31

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

MAY 3, 2017

Meanwhile, other companies are stepping up their investments in a variety of faster payment options, from blockchain-powered tools to P2P solutions to ACH. These investments in faster payments are focused on allowing the transfer of funds between parties to not only progress faster, but with greater efficiency and security.

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

PYMNTS

JUNE 7, 2017

Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. Beyond payment infrastructure, other companies are investing in real-time payment solutions.

Faster Payments 49

Faster Payments NACHA TCH Real Time Payments 49

PYMNTS

APRIL 13, 2017

nearly three-quarters said the technology would be appealing because it would enable faster payments from their customers, while 54 percent also cited the ability for real-time payments to enable faster payments to suppliers. In the U.S.,

Faster Payments 44

Faster Payments Real Time Payments Small Business Payments 44

PYMNTS

AUGUST 11, 2020

Convoy , which works in digital freight, announced a new service called Convoy Factoring, which is powered by Apex Capital and touted as a cost-efficient, quick payment method for B2B needs for freight carriers, according to a press release. The rate will be for zero percent for any Convoy loads and 1 percent to 2.99

Payments Tools 87

Payments Tools Payments B2B Digital Payments 87

PYMNTS

DECEMBER 5, 2019

By “bending” card rails developed decades ago for consumer payment purposes, commercial cards can deliver faster payments to suppliers in addition to a range of value-added features. Leavitt said that while vendors indeed hold some misconceptions about the payment tool, they are not necessarily wrong to resist the card rails.

Faster Payments 53

Faster Payments Commercial Card ACH Payments 53

PYMNTS

SEPTEMBER 2, 2019

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. Faster Payments. APIs and Data Integration.

Commercial Card 74

Commercial Card Payment APIs and Integration Faster Payments ACH 74

PYMNTS

NOVEMBER 27, 2020

Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital payment tools has thus inched upward. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

The Fintech Times

MAY 21, 2024

Stripe , the financial infrastructure platform for businesses, has launched new payment tools and financing options in the UK, intending to improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. Stripe is also helping UK businesses to access their funds more quickly.

Finance 58

Finance Payments Small Business Payments Tools 58

PYMNTS

JANUARY 21, 2021

Security is top-of-mind for many firms in the United States and appears to be affecting executives’ choices when determining which payment tools to use. financial executives say concerns regarding cybersecurity attacks and payments fraud are holding their organizations back from using digital payments to a greater degree.

Real Time Payments 92

Real Time Payments RTP P2P AI 92

Fintech Finance

MAY 21, 2024

Stripe , a financial infrastructure platform for businesses, today launched new payments tools and financing options in the UK that will improve access to capital and accelerate the growth of hundreds of thousands of UK businesses. Stripe is also helping UK businesses to access their funds more quickly.

Finance 52

Finance Small Business Payments Payments Tools 52

PYMNTS

NOVEMBER 26, 2020

The HSBC Open Payments application will let businesses connect their checkout pages with the customers' online apps or app-based mobile platform. Then the purchaser is given a request for pre-populated payments, and upon authorization, an "instant and irrevocable credit" is applied to the seller's account. 25 statement.

Irrevocability 91

Irrevocability Online and Mobile Banking Payments NOV 91

PYMNTS

JANUARY 20, 2017

EBA Clearing, set to launch its real-time payment service across Europe later this year, has officially commenced the testing phase of its technology. 19) that its service is compliance with the European Payments Council’s (EPC) SCTInst Scheme, a instant credit transfer payment scheme, and is aligned with ISO 20022 messaging standards.

Real Time Payments 40

Real Time Payments ISO 20022 Payments Tools Message Standards 40

PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. There’s the scouring of W2s, 1099s and the many receipts collected over the year, not to mention the anxiety of triggering an audit with an incorrectly filled-out form.

Payments Tools 40

Payments Tools Tax Refunds Direct Deposit Blocks 40

PYMNTS

NOVEMBER 25, 2020

Companies long-used to sending and receiving paper invoices and checks are finding that digital methods can deliver funds and billing information at a far faster clip. However, businesses need to change their systems and practices before they can take advantage of more modern payment tools.

API 95

API B2B Payments Tools Real Time Payments 95

PYMNTS

JULY 9, 2020

With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods. Oxbury Loops Into Faster Payments. ” AeroPay Elevates The Bank Transfer.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new regulations.

Real Time Payments 77

Real Time Payments Faster Payments Fraud Detection Payments 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

DECEMBER 23, 2019

It’s up to technology providers like Levelset to remove those barriers to the faster payment capabilities that these businesses in the construction sector want, he said. It’s less important to define and dictate a certain electronic payment tool, like ACH or commercial cards, to enable faster payments, Wolfe said.

B2B 52

B2B Faster Payments Payments Payer 52

PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

APRIL 20, 2018

SwapsTech has completed the development of its faster payments solution to help financial institutions link into real-time payment capabilities. The company announced news on Thursday (April 19) that its Payment Galaxy tool is one step closer to being available for banks.

Real Time Payments 40

Real Time Payments TCH RTP FedWire 40

Payments Source

NOVEMBER 21, 2019

Donnelly & Sons to power an instant bill payment tool it’s been piloting since last year. Mastercard is adding customized communications technology from R.R.

Visa 109

Visa Technology Payments Tools Payments 109

PYMNTS

OCTOBER 30, 2018

The Italian operation of Crédit Agricole has introduced its instant payment functionality for current account users via a partnership with SIA, the FI said in an announcement on Monday (Oct. Crédit Agricole customers can access real-time payments capabilities via the bank’s desktop and mobile online banking platforms.

Instant Payments 40

Instant Payments Real Time Payments Online and Mobile Banking Faster Payments 40

PYMNTS

NOVEMBER 25, 2020

Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. For more information on these stories and other real-time payments headlines, read the Tracker’s News and Trends.

Payroll 104

Payroll Real Time Payments P2P Zelle 104

PYMNTS

MARCH 12, 2020

Faster payments are only one example of the effects of a world moving toward real-time everything, with growing customer demands driving change in the way banks and businesses operate themselves. As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity.

RTP 85

RTP Real Time Payments Zelle Faster Payments 85

PYMNTS

DECEMBER 20, 2017

While more speed may mean more endorsement money for athletes, it means faster settlements and more efficient business for commercial banking customers. Faster payments recently made their American debut, with The Clearing House (TCH) instituting the inaugural transaction on the first new payments and clearing system in the U.S.

AI 83

AI Real Time Payments Faster Payments Payments 83

PYMNTS

AUGUST 1, 2019

Pointing to research from comScore that found 78 percent of invoices processed through PayPal are paid within a day, PayPal said that its solution supports faster payments to small businesses. The API allows for customizable invoice templates, payment reminders and accounts receivable management.

PayPal 63

PayPal API Agreements Small Business 63

PYMNTS

NOVEMBER 12, 2018

developed the New Payment System Operator (NPSO) to consolidate the Bacs Payment Schemes Limited, Faster Payments Scheme Limited and Cheque & Credit Clearing Company Limited all into the NPA. Earlier this year, the U.K.

Payment Message 77

Payment Message ISO 20022 Message Standards ISOs 77

PYMNTS

JANUARY 17, 2017

PYMNTS wanted to know more about how FinTech has forced financial service providers to change the way they deliver payment solutions and change the way they approach the testing of those payment tools. “A The old type of annual processing and testing isn’t effective anymore.”.

ISO 8583 49

ISO 8583 ISO 20022 ISOs Faster Payments 49

PYMNTS

JUNE 16, 2016

Doing so enables corporate users of PowertoPay to gain access to SWIFT’s global interbank connectivity; according to PowertoPay, the integration means businesses can access more than 11,000 financial institutions throughout the planet to carry out their payment needs. ” Payments Security.

Security 43

Security SWIFT B2B Faster Payments 43

PYMNTS

DECEMBER 14, 2020

It's important to deploy the right technologies that can extract this kind of data to not only understand cash positions but look ahead into the future, with everything from customer outreach to payment method impacting cash flow forecasts.

Accounts 123

Accounts B2B Real Time Payments Finance 123

PYMNTS

DECEMBER 17, 2019

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., noted PYMNTS in a previous Faster Payments Tracker.

ACH 52

ACH B2B Third-Party Service Provider ACH Processing 52

PYMNTS

OCTOBER 11, 2017

“The UP Real-Time Payments Solution grows with a bank’s evolving needs to help its customers take advantage of global transaction growth opportunities that real-time payments enable,” Proctor added. banks to the nation’s Faster Payments scheme. UP first rolled out in 2008 to link U.K.

Real Time Payments 40

Real Time Payments Real Time Gross Settlement (RTGS) Payments Payment Gateways 40

PYMNTS

JANUARY 12, 2021

Adopting emerging instant payment tools that provide speed beyond simple digital methods, such as ACH disbursements, could attract customers who are frustrated with what they perceive to be the lending status quo.

Instant Payments 95

Instant Payments Non-Bank Payments SWIFT 95