Neopay

NOVEMBER 27, 2023

These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.

Money Laundering 52

Money Laundering Consulting Finance AML 52

Neopay

NOVEMBER 27, 2023

Under the planned rules, payment service providers, such as banks, which provide standard credit transfers in euro, will also be required to offer the service of sending and receiving instant payments in euro at no extra charge.

Instant Payments 52

Instant Payments Stablecoins Non-Bank IBAN 52

PYMNTS

JANUARY 21, 2021

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS. While it was initially developed for foreign currency payments, it can also work with eurozone (SEPA) transfers, the release stated.

B2B 87

B2B Transactions Payee Payer 87

PYMNTS

NOVEMBER 3, 2020

Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Real Time Payments Push-to-Card Payee 67

PYMNTS

FEBRUARY 19, 2020

With speed being the most obvious value proposition of real-time payments capabilities, it’s not difficult to imagine that corporate payers would be eager to embrace faster payments functionality in their accounts payable (AP) departments. And for many firms, that’s exactly what they’re beginning to do.

Real Time Payments 114

Real Time Payments Visa Payer Payments 114

Nanonets

DECEMBER 25, 2023

During this stage, payers scrutinize the claims for accuracy, coding standards adherence, and policy terms compliance. This step is crucial in determining the legitimacy of the services provided and ensures that healthcare providers are reimbursed appropriately for their services.

AI 59

AI Process Payer Fraud Detection 59

EBizCharge

MAY 8, 2024

ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account. ACH Debit Transactions: Conversely, ACH debit transactions allow the payee to pull funds from the payer’s account with the payer’s authorization.

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

MARCH 27, 2020

Yet as van der Walt explained, without preexisting B2B relationships in place, the process of connecting vendors like airlines to payers like shippers and forwarders is a major hurdle. Shippers need more capacity to move their goods, and airlines need to keep the revenue flowing as passenger flights all but disappear.

Payer 87

Payer B2B On-Demand Shutdown 87

Fintech Finance

JULY 4, 2024

The Bank for International Settlements (BIS) defines offline payments as the transfer of a digital money token between devices that takes place without the payer and payee requiring a networked connection to any ledger system or backend system to complete the payment. G+D Filia® Unplugged makes digital offline transactions a reality.

Digital Payments 74

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 74

PYMNTS

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. Payers claim, however, that they make only 45.3 Yet, there it is. The majority of consumers, at 58.4 percent, and microbusinesses, at 70.8 percent of Gen Z and 9.4

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94

PYMNTS

AUGUST 19, 2020

This can come in several forms, but what’s important, said Fordyce, is to optimize the costs and fees associated with cards, checks, ACH and other rails for all parties involved — not just the payer. “That’s very attractive to a vendor or payer, depending on what their cash flow needs might be.”

Automation 127

Automation B2B Point-of-Sale (POS) Payer 127

PYMNTS

APRIL 2, 2019

The former, biller direct (BD), involves paying bills directly through providers’ websites, while the latter entails doing so through online banking platforms. . BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49

PYMNTS

JULY 18, 2020

This week’s late payments roundup finds new efforts from corporates and their financial service providers to address the issue, while separately, research warns that late B2B payments are adding extra pressure to small companies’ cash flows — with stories from the U.S., . — both due to U.S. Australia and Malaysia.

Addressing 85

Addressing B2B Payer Payments 85

PYMNTS

MARCH 30, 2020

Many companies rely on a bank/service provider to handle outsourced lockbox processing. One of the first calls they should be making to their provider, Berdan said, is to ask how COVID-19 is impacting them and if the provider’s workers are allowed to come into work. remote work) layered on to that process.

Lockbox 60

Lockbox FinTech Payer Push-to-Card 60

PYMNTS

DECEMBER 11, 2019

For years, any attention given to solving B2B payments friction was typically focused on the payer. Furthermore, the challenges faced by suppliers when collecting payments can mean additional friction for their payers. However, that understanding has not traditionally been the focus of B2B payments service providers.

Cross-Border 53

Cross-Border B2B Cross-Border Payments Payer 53

PYMNTS

DECEMBER 10, 2019

The convergence of accounts payable (AP) and accounts receivable (AR) continues as banks and FinTechs collaborate on new solutions that pull double-duty, tackling friction for both payers and payees. Finally, a tie-up in the Netherlands targets both banks and corporates to tighten the buyer-supplier connection through identity verification.

Payee 52

Payee Payer B2B Accounts 52

PYMNTS

SEPTEMBER 17, 2019

Thinking Beyond the Payer. Among the most significant, concrete changes in how the B2B payments ecosystem has approached the industry’s challenges is that service providers and innovators have begun to focus not just on the corporate payer, but also on the supplier. “If Payment Rails Converging.

B2B 52

B2B Innovation Payer Cross-Border 52

PYMNTS

MAY 14, 2020

Flexibility will be essential to survival, and the pressure is on for small- to medium-sized businesses (SMBs) and financial service providers to migrate online as their customers continue social distancing. If there’s one thing for certain for small business today, it’s that nothing is certain. Finding New Revenue Streams.

Payment APIs and Integration 69

Payment APIs and Integration Adjustments Facilitators Service Provider 69

PYMNTS

SEPTEMBER 10, 2019

Luckily, said Bill Wardwell, VP of Strategy at Bottomline Technologies, the new narrative of B2B payments is overwhelmingly digital, which will make cross-platform integration easier — so long as service providers embrace collaboration. “We B2B vendors often carry the burden of B2B payments friction. Easing Friction Across Borders.

B2B 59

B2B Cross-Border Payments ISO 20022 59

PYMNTS

JANUARY 10, 2019

9) that payment service provider Moorwand , a principal member of UnionPay, will launch the first UnionPay prepaid cards in the U.K. The UPayCard is a multi-currency card designed for business and consumer payers. Banking Tech reported on Wednesday (Jan.

Cross-Border Payments 66

Cross-Border Payments Cross-Border Multi-Currency Card Issuer 66

PYMNTS

DECEMBER 26, 2019

Solution providers that can offer this choice in payment “will be a critical differentiator” in the year and years ahead, said McCarthy, adding that AR platforms must allow B2B vendors to offer their payers a range of payment choice beyond ACH or checks, with more firms embracing commercial cards, PayPal and other alternative payment technologies.

Accounts 53

Accounts B2B End User Payer 53

PYMNTS

MAY 7, 2020

” That understanding means service providers cannot force corporates away from paper. By virtualizing the paper check and wielding API integrations in between payer and recipient, those workflows become smoother. “Checks will be around for a while. Preserving Check Workflows.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. Deutsche Bank has rolled out a new faster payments service for corporates of its branch in Bangkok, Thailand, recent reports said.

NACHA 82

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

PYMNTS

DECEMBER 8, 2016

FreshBooks is the latest SME service provider to support Apple Pay for B2B payments. Apple Pay can reduce opportunities for fraud as it generates a one-time card number to complete a transaction without a transfer of a payer’s card details. The company announced Wednesday (Dec.

Settlement 73

Settlement Payer B2B Facilitators 73

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. an employer paying an employee their wages) uses an app provided by their credit union to request the desired payment.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

Nanonets

SEPTEMBER 21, 2023

Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. Transmission: The payment confirmation is transmitted back to the payer's system via EDI. The payer may also send an electronic message to confirm receipt of the payment confirmation.

Payment Solutions 52

Payment Solutions Payee Payments Payer 52

PYMNTS

DECEMBER 22, 2020

The challenge has always been the ability of SMBs to connect to larger businesses and large payers like NGOs, governments and multilaterals," said Hale. Throughout the pandemic, that's become mission-critical to solve.".

Cross-Border 106

Cross-Border Central Bank Digital Currency Due Diligence 106

PYMNTS

APRIL 15, 2020

China is a notoriously challenging jurisdiction for foreign payment service providers to operate as the nation prioritizes local industry leaders. “Getting correspondent bank accounts is the biggest challenge every payment service provider is facing. It’s not without its drawbacks, however. .

Correspondent Bank 76

Correspondent Bank Correspondent Cross-Border B2B 76

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

FEBRUARY 25, 2020

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. Rapyd Wields The Visa Network.

Cross-Border Payments 56

Cross-Border Payments Cross-Border SWIFT Debit Network 56

PYMNTS

SEPTEMBER 13, 2018

Further, mobile wallet solutions often require an additional layer of security in the form of biometric authentication or passwords to confirm the identity of the payer. Financial service providers have only recently begun to provide compatibility for their commercial card products with mobile wallet solutions.

Commercial Card 56

Commercial Card Card Issuer Payer Authentication 56

PYMNTS

JUNE 19, 2018

“Financial data coupled with clinical data from our Risk Adjustment, Quality and Population Health lines of business offer increased value to commercial payers, government entities and providers.”. Verscend is a portfolio company of Veritas Capital, a private equity firm.

Payer 40

Payer Payments Adjustments Risk 40

PYMNTS

SEPTEMBER 24, 2019

Having our trusted payments service provider BNY Mellon validate the capabilities of SWIFT Cloud Connect on Azure was an important validation point for us, and we look forward to working with BNY Mellon Treasury Services to ensure we continue to deploy the best possible payment solutions now and in [the] future.”.

SWIFT 47

SWIFT Treasury Cross-Border Payments Real Time Payments 47

PYMNTS

FEBRUARY 20, 2020

regulatory efforts to tackle late supplier payments range from naming-and-shaming large corporates that pay their suppliers to a recent bill proposal that would allow authorities to fine perpetual late-payers. In the U.K.,

Payer 62

Payer Finance Small Business Continuity 62