Fintech Finance

JULY 30, 2024

Companies like Starbucks , CVS , Dunkin ’, Chick-fil-A and many other successful businesses have long provided engaging customer payment experiences with their closed-loop wallets, but had to rely on funding those accounts with conventional payment sources like debit/credit cards or ACH. Outside the U.S.,

RTP 98

RTP FedNow RFP Payment APIs and Integration 98

PYMNTS

APRIL 18, 2019

Until recently, “now” was almost never an option, since it was always based on when the funds had cleared, regardless of how that payment was made. Wave already vets its merchants to make sure they are legitimate users, and that the funds moving to them are good funds.

Debit Card 90

Debit Card Small Business Push-to-Card Instant Payments 90

PYMNTS

SEPTEMBER 23, 2019

Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. “We

Accounts 82

Accounts Cross-Border Cross-Border Payments Real Time Payments 82

PYMNTS

JULY 16, 2018

The Demands of On-Demand. We live in an on-demand world. And, in an on-demand world, there’s nothing worse than waiting. Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. The Sinking Ship of Sunk Costs.

On-Demand 43

On-Demand Settlement Consumer Real Time Payments 43

PYMNTS

OCTOBER 8, 2018

Travel by train was a mode of transportation perceived by many as outdated as the horse-drawn carriages that first pulled rail cars on them, but Buffet observed the role that railroads played in driving economic growth because of the efficient, low-cost and reliable way they moved goods across the country.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

JANUARY 21, 2019

In other words, innovators – as innovators are wont to do – are using new tech and their own creativity to bridge the regulated, secure legacy systems in place today with new ways to create value in a dynamic, digital and on-demand world. There’s a canary in the faster payments coalmine. It flew in on Dec. it has been since the fall of 2017.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

MARCH 18, 2019

The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. The Fed also said NACHA needed to open their decision to public comment, even though NACHA said a third processing window was “overwhelmingly approved” by FIs on Sept. No date has been given for that process.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80