PYMNTS

JANUARY 26, 2021

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

CB Insights

NOVEMBER 7, 2019

On November 4th, Workday announced an agreement to acquire Scout RFP , a cloud-based sourcing and supplier engagement platform for procurement teams, for $540M. Scout RFP brings 300,000 users in over 150 countries to Workday’s platform. Competitors & substitutes to Scout RFP that may be M&A targets.

RFP 30

RFP B2B Acquirers Agreements 30

The Paypers

AUGUST 24, 2021

US-based Chase Bank has announced that they are launching a B2B payment option using Request-for-Pay (RfP).

RFP 28

RFP B2B Payment Solutions Payments 28

Core

MAY 18, 2023

Government agencies rely on request for proposals (RFPs), but that process can be lengthy and complicated as you work to ensure accuracy and completeness. It is not out of the ordinary for RFP complexity to cause delays and demand more time and government resources than initially allocated.

RFP 52

RFP Process Governance Government 52

Faster Payments Council

JULY 20, 2020

The paper also explores how Request for Payment (RfP) messaging could bring the best of both models together to help transform the bill pay experience and the various barriers to adoption of faster payments in consumer bill pay.

Faster Payments 68

Faster Payments RFP Consumer Request for Payment 68

Faster Payments Council

SEPTEMBER 23, 2023

The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal. Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Fintech News

DECEMBER 6, 2023

● What role does data play in risk decisioning, and how can we ensure the right data at the right time, across the lifecycle? ● What are the main benefits of an AI-powered decisioning platform? ● What’s the best way to create an RFP for decisioning solutions?

APACS 116

APACS Risk RFP AI 116

PYMNTS

NOVEMBER 1, 2020

Suplari partnered with cloud-based sourcing firm Scout RFP earlier this year to help customers access better spend visibility and analytics. And, the release said, the company works with customers to determine the areas where help is most badly needed, including risk, compliance or areas to reduce spend.

RFP 85

RFP Best Practices Compliance Finance 85

PYMNTS

MARCH 14, 2019

The year] 2019 is about Request For Payment (RFP). By way of background, as Forbes noted: In RFP, a biller can send an electronic request for payment. Elsewhere, Forbes said, per an interview with Craig Ramsey, head of real-time payments (RTP) at ACI Worldwide, that 2019 will see “significant” strides in real-time payments.

SWIFT 74

SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

PYMNTS

SEPTEMBER 8, 2017

Amazon.com has issued a request for proposals (RFP) from local and state government officials as it looks to open its second headquarters (Hq2) in the U.S. We want to encourage states and communities to think creatively for viable real estate options, while not negatively affecting our preferred timeline,” Amazon said in announcing the RFP.

RFP 51

RFP Government Governance Economy 51

CB Insights

NOVEMBER 23, 2021

Workday has been growing organically, acquiring Zimit, Adaptive Insights, Scout RFP, and Peakon ApS in recent years. Its client base comprises 8,000+ organizations, including over 50% of the Fortune 500 companies. The company posted $4.3B in revenue in 2021, marking a 19% increase year-over-year.

Acquirers 63

Acquirers RFP Payroll Posting 63

PYMNTS

JUNE 18, 2019

RTP And RFP. However, RFP is directly linked to payments made as a result of the request — an advantage that can streamline the whole process for a range of companies, from the smallest firms to the largest mortgage services and telecom giants like Verizon. Cheney maintained that “the sky is the limit with RTP. …

RTP 78

RTP P2P B2B RFP 78

PYMNTS

DECEMBER 1, 2017

Even as new technologies offer sophisticated eProcurement, eSourcing and spend management solutions for corporates, grappling with the adoption of these tools has been a challenge for many organizations, says Alex Yakubovich, CEO of Scout RFP. But, as with any major transformation, this shift hasn’t been easy.

RFP 52

RFP Technology On-Demand Volume 52

The Paypers

SEPTEMBER 27, 2023

Federal Reserve has released market practices to advance standardised implementation of the request for payment (RFP) feature of instant payments.

Federal Reserve 41

Federal Reserve RFP Request for Payment Instant Payments 41

Core

APRIL 10, 2024

No need to send out requests for RFPs, read each RFP, or manage any back and forth between agency and potential vendors. Vetted contracting process Outside of the long and complicated RFP process, agencies that work with Sourcewell can also skip the complex task of vetting contracts with new technology partners.

Governance 52

Governance Government Process RFP 52

Nanonets

SEPTEMBER 23, 2023

By issuing an RFP, organizations can outline their project requirements, allowing potential suppliers to submit proposals that detail their capabilities, approach, and cost. When creating an RFP, it is crucial to clearly define the  project scope , objectives, and deliverables.

Gateways 52

Gateways RFP Value Added Service Compliance 52

PYMNTS

SEPTEMBER 14, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP.

IRS 64

IRS Blockchain Cryptocurrency RFP 64

Fintech Finance

JANUARY 30, 2024

15% identified ‘Request for Pay’ (RfP) as a major profit opportunity. The panel commented that most bankers are missing a major opportunity for bank customers to request and send payments instantly using RfP, and as a result, miss the opportunity to automate invoices and bill payments through their digital banking experience.

FedNow 52

FedNow Instant Payments RFP Payment APIs and Integration 52

PYMNTS

SEPTEMBER 20, 2016

Think of us as kind of like a LendingTree for payments processing, kind of like a mini-RFP for the payments sector.”. “HeroPay lets small businesses and merchants compare different payment processing options very easily all in one place,” said Hiro Taylor, the company’s founder and CEO.

Small Business 80

Small Business Business Payments RFP Processors 80

The Paypers

AUGUST 7, 2023

The Clearing House ’s RTP Network has announced the expanded availability of its Request for Payment (RfP) capability.

Request for Payment 36

Request for Payment RTP RFP Payments 36

The Paypers

NOVEMBER 17, 2021

US Bank has expanded its Request for Payment (RfP) services to help billers provide a better bill payment experience to customers.

Request for Payment 31

Request for Payment RFP Payments 31

PYMNTS

NOVEMBER 18, 2020

They’ve brought new treasury banking partners online and recently even won an RFP (which they can’t offer details on yet). Edwards and Haymond said Ingo and Mastercard are already off and running with their new partnership.

Instant Payments 87

Instant Payments Treasury Visa Payments 87

Finovate

APRIL 2, 2024

Narmi supports all of the FedNow offerings, including the ability to receive funds, send money to linked and external accounts, and request for payment (RFP). Banks in the Treasury Prime network can offer their BaaS clients a real-time payments platform via Narmi’s FedNow service.

Treasury 52

Treasury Instant Payments FedNow Real Time Payments 52

PYMNTS

MAY 24, 2017

But what may come as a surprise is that strategic sourcing has emerged as one of the most important parts of the procure-to-pay process, says Stan Garber, president of eSourcing company Scout RFP.

RFP 41

RFP Assessments Risk Compliance 41

Faster Payments Council

JULY 21, 2020

In addition to presenting the benefits and drawbacks of the two models, the paper explores how Request for Payment (RfP) messaging could bring the best of both models together to help drive broader industry adoption, and ultimately transform the bill pay experience.

Faster Payments 68

Faster Payments FPC Research Consumer 68

PYMNTS

DECEMBER 18, 2018

The service also offers a request for proposal (RFP) process that can help charter schools comply with relevant federal regulations. They could also be required to demonstrate that they used a transparent RFP process for procurements. BuyQ’s goal is to bring together all parties involved in charter schools’ purchasing processes.

RFP 49

RFP Compliance Process Regulations 49

Fintech Finance

MAY 8, 2024

It highlights the importance of features such as Request for Payment (RfP) and standing approval, providing a robust foundation for seamless and secure transactions in the dynamic landscape of instant payments.

Faster Payments 52

Faster Payments FPC Payments RFP 52

FICO

MAY 18, 2016

The goal at this stage of the project was to document the entire process, simplify it, and create an RFP for a complete system redesign. The decision models were highly complex and the notation language helped the team to visualize all the key elements and scope the RFP process.

RFP 45

RFP Rules Assessments Process 45

Stax

SEPTEMBER 19, 2024

Metrics like churn rate, average order entry time, RFP win rate, % of orders delivered in time & in full, revenue, MOM profit margins, and more will help you develop a clear picture of how well your new QTC system is performing. You should have a list of KPIs that will help you track the performance of your system.

Process 88

Process Automation RFP Disputes 88

PYMNTS

DECEMBER 30, 2020

As organizations were forced to look beyond their traditional suppliers to meet their complex services needs, they also drove a more competitive environment that influenced other aspects of the procure-to-pay workflow.

B2B 68

B2B RFP Cost Structure Service Provider 68

PYMNTS

DECEMBER 6, 2017

RFP enables PNC to bring a new, leading-edge solution to market as the economy becomes increasingly digital,” said PNC EVP and Head of Product Management Treasury Management Christopher Ward in a statement. The financial institution (FI) has linked into RTP in the U.S. via Finastra ’s Fusion Payments, a payment services platform.

Real Time Payments 40

Real Time Payments Payment Networks RTP RFP 40

Payment Savvy

MAY 16, 2023

The RTP Network enables real-time transactions for various use cases, such as B2B and P2P transactions, payroll, and Request for Pay (RfP) services. Instant ACH Transfer Alternatives RTP Network The RTP (Real-Time Payments) Network, launched by The Clearing House, is an alternative option for those seeking instant money transfers.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

DECEMBER 11, 2017

RFP enables PNC to bring a new, leading-edge solution to market as the economy becomes increasingly digital,” said PNC’s Executive Vice President and Head of Product Management for Treasury Management, J. More recently, another financial institution, PNC, announced it was looping into TCH’s RTP service through a partnership with Finastra.

Real Time Payments 40

Real Time Payments RTP TCH Payment APIs and Integration 40

PYMNTS

JANUARY 5, 2017

It’s also more complex than ever, said Stan Garber, president at strategic sourcing technology company Scout RFP , who recently told PYMNTS that, typically, many of the moving parts of procurement — often beginning with strategic sourcing — were done independently from one another.

Risk 41

Risk RFP Risk Mitigation Mitigation 41

FICO

SEPTEMBER 28, 2018

5 Things You Need to Include in Your PSD2/SCA Vendor Selection RFP or Solution Design. Join me and Scott Taylor — a Fraud Business Strategy Manager for FICO's communications services, who has worked in financial services for over 32 years — for our webinar to learn more. Tuesday, October 2, 2018. 11:00 am BST. Complimentary Webinar.

RFP 53

RFP Compromise Non-Bank On-Demand 53

Nanonets

DECEMBER 19, 2023

See Nanonet’s blog article for the differences in RFQ vs. RFP.  The X is substituted with the beginning letter of the type of request to title a customized but standardized form for a contract award requiring potential vendors’ responses.  Some eSourcing tools include automated vendor scoring and evaluation.

Request for Information 52

Request for Information RFP Best Practices Risk Management 52

PYMNTS

APRIL 2, 2019

They also provide request for payment (RFP) messaging that ensures eInvoice details, due dates and additional details are also immediately available, streamlining billing and payments in fields like utilities. For billing companies, processing relatively low-value utility payments from countless users can be tedious.

Real Time Payments 49

Real Time Payments RTP Payer Irrevocability 49