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Deep Dive: How Small FIs Use Third Parties, Gradual Integrations To Guide New Payment Rail Adoptions

PYMNTS

The demand for faster payments is growing as companies look for swift, data-rich ways to transact. One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Direct Connection Versus Third-Party Provider.

RTP 67
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Payroll Gears Up To Leapfrog Into APIs, Faster Payments

PYMNTS

” An API-First Strategy. Application programming interfaces (APIs) have been instrumental in propelling emerging payroll technology companies to compete with incumbents, said Hall, pointing to PayRun.io as a company “built with API as the starting point,” making it an attractive acquisition target for Payescape.

Payroll 52
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New Data Security Requirements for ACH Originators

Agile Payments

The rule requires the originators (and third party service providers) to protect bank account information unreadable when it's stored electronically. Basically, the sensitive bank account data needs to be tokenized.

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How APIs, The Gig Economy Drive Payroll-Accounting Connectivity

PYMNTS

With Open Banking business models inspiring FinTech innovators to explore other use cases for data integrations, the B2B financial services market has seen a swath of collaboration between traditional financial institutions and FinTech firms — and between FinTech firms themselves. Technological Barriers. A Changing Payroll Landscape.

Payroll 48
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APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 78
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APIs Raising Tough Questions About FinServ Innovation, Competition And Data Privacy

PYMNTS

The B2B payments industry is finally beginning to hustle when it comes to technological innovation. And as traditional financial institutions (FI) begin to recognize the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. .

API 76
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Understanding Risk Management Strategies as a PayFac

Stax

Digital payments are increasingly becoming the norm. According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. Businesses must therefore adapt and be able to accept such payments.