Real-Time Payments

  • Cross-Border Payments, With Speed And Security In Mind

    September 10, 2019 Speedy And Secure Cross-Border PaymentsIn payments, complexity reigns, and making payments simple, transparent and speedy is anything but easy. That’s especially true with cross-border payments, where commerce done globally demands that firms be aware of ...
  • The Treasurers’ Guide To Simplifying Cross-Border Payments

    September 9, 2019 Real-time paymentsThe global economy is more interconnected than ever, with more companies doing business abroad than at any time in recorded history. On one hand, this brings opportunity, with businesses reaching more ...
  • Speeding Up Gig Economy Disbursements

    September 6, 2019 Speeding Up Gig Economy DisbursementsUber drivers and Airbnb hosts expect to be paid instantly, yet insurance claims payouts for their car accidents or home repairs are still a slow, paper check game. Artificial intelligence ...
  • FIs Grapple With Technology — And A New Consumer Engagement Model

    September 6, 2019 Customers expect more from transactions than just simply making payments. Janet Monroe, head of global client success at i2c, tells Karen Webster that FIs need to examine their tech infrastructure and partnerships ...
  • How Digital Platforms Are Revolutionizing The $100B Flower Biz

    September 6, 2019 There are worse ways to start a business than what happened when John Tabis was getting direct-to-consumer and subscription flower operation The Bouqs off the ground. As the story goes — the ...
  • Grubhub Partners With McDonald’s In NYC

    September 6, 2019 partner in NYCMcDonald’s and Grubhub have announced a new partnership to begin expanding McDelivery to approximately 500 restaurants in the NYC and tri-state area. McDelivery will be available both on Grubhub and Seamless. “At ...
  • Rappi Delivery App Subject To eCommerce Regs In Colombia

    September 6, 2019 Colombia eCommerce regsColombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app after receiving hundreds of customer complaints. Founded in 2015, ...
  • SCA Delay: A Payments Opportunity In Disguise?

    September 5, 2019 Opportunities come in various forms and disguises, and that could be the case for payments and commerce operators when it comes to the European Union’s revised Payment Services Directive (PSD2) ...
  • How AI Makes Claims Payouts Faster And Smarter

    September 5, 2019 Seventy percent of gig economy workers are still living paycheck to paycheck, despite pulling in more money than ever. Instant payments and disbursements are therefore only growing more integral to ...
  • B2B’s Summer Of Faster, Integrated Payments

    September 2, 2019 online paymentsFor B2B payments, this summer was a season of technological progress. Both buyers and suppliers say they are looking forward to adopting technology that can tackle their biggest accounts payable (AP) ...
  • PYMNTS’ Labor Day Reading List (Without The Labor)

    September 2, 2019 Reading lists should cut to the chase, pointing to what’s most urgent or cutting edge.  PYMNTS offers dozens of reports, trackers and playbooks throughout the year, touching on everything from ...
  • PayActiv Deploys Fiserv Tech To Move Employee Wages

    August 30, 2019 PayActiv is collaborating with Fiserv to streamline workers’ access to their wages, the companies said this week. In an announcement this week, Fiserv said its collaboration with employee financial wellness solution ...
  • PNC Kicks Off RippleNet Cross-Border Transactions

    August 30, 2019 PNC BankU.S. bank PNC has begun using RippleNet to facilitate cross-border transactions, reports said Thursday (Aug. 29). Fintech Futures reported that PNC is the first U.S. bank to use RippleNet’s blockchain network to ...
  • Deep Dive: How Open Banking Can Help Credit Unions Succeed

    August 29, 2019 piggy banks The market share of credit unions is only a fraction of their larger bank counterparts, but they tend to inspire a greater sense of loyalty among customers. Data from PYMNTS’ ...
  • Why Spend Management Tools Matter For Field-Based Workers

    August 29, 2019 Spend Management Tools For Field-Based WorkersGetting paid and reimbursed for expenses on time is directly related to employee satisfaction and retention. According to a study, 32 percent of SMBs have paid their employees late due ...
  • NovoPayment Deploys Visa Direct For Instant Payments

    August 29, 2019 NovoPayment announced that it has scaled the deployment of Visa Direct to enable instant payments, P2P and P2M payments, account-to-account payments, fast funds and mass payouts, as well as the ...
  • Why Real-Time B2B Payments Adoption May Be A Molehill, Not A Mountain

    August 28, 2019 Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital, automated payment technologies emerging in ...
  • Report: Data Key To Credit Union Member Retention

    August 27, 2019 One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. According to PYMNTS’ Credit Union Innovation Index, ...
  • Top News In Payments: Regulatory Pushback Spooks Libra Backers; Adyen Gains Traction With Mid-Market Firms

    August 23, 2019   Regulatory Pushback Spooks Libra Backers An unnamed faction of the coalition of 28 organizations called on by Facebook to help bring Libra to fruition, including Visa and Mastercard, are reportedly looking ...
  • DoorDash’s New Tipping Model Boosts Base Pay, Protects Tips

    August 23, 2019 New tips policy for workersDoorDash has announced that it has a new pay model that aims to boost delivery workers’ earnings from the app. “We developed this approach with input from customers and Dashers, including ...
  • SWIFT: Real-Time Payments Demands Real-Time Security And Compliance

    August 23, 2019 Swift on security in paymentsSpeed isn’t the only factor to consider in the deployment of real-time payments systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without ...
  • Mastercard: Driving The Gig Economy’s Future Through Pay Advance

    August 22, 2019 While traditional temporary and contract workers are not exactly new in the economy, the modern gig economy enabled by mobile technology is something of an economic force all its own. ...
  • PayID Hack Prompts Warning From Banks Down Under

    August 21, 2019 PayID Hack Prompts Warning From Banks Down UnderA recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra reported on Wednesday (Aug. 21). Aussie financial institutions started ...
  • Real-Time Payments, Venmo And SCA Delay Top Week’s News

    August 16, 2019 Weekender - Payments and Commerce NewsTop News Why FedNow Will Slow Real-Time Payments “I’m from the government and I’m here to make sure you get your paychecks faster – even instantly – if you can just hang ...
  • Fed Names FedNow Faster Payments Chief

    August 15, 2019 Fed Names Leader For FedNow Faster PaymentsThe Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time gross settlement (RTGS), as well ...
  • The Challenges And Benefits Of ISO 20022 Migration

    August 15, 2019 Quickly sending large sums of money abroad in 1803 might have meant loading gold bars onto ships and hoping for good weather and safe seas. In today’s digital age, however, ...
  • P2P Payments Find Fresh Fuel As The 2020s Loom

    August 14, 2019 P2P Payments Find Fresh Fuel As The 2020s LoomPeer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method ...
  • Faster Payments Gone Global

    August 14, 2019 Faster Payments Gone GlobalSpeedier payments, across the globe – faster and, in some cases, in real time. The Federal Reserve’s plan to launch FedNow may have grabbed headlines and perhaps refocused observers’ attention ...
  • Can Faster Pay Keep QSRs Competitive?

    August 14, 2019 Can Faster Pay Keep QSRs Competitive?With a 132 percent annual turnover rate, at a cost of $2,000 per worker, employee retention is no small problem for quick-service restaurants (QSRs). On-demand access to payroll and tips ...
  • How Faster Payments Can Help Retain Employees

    August 14, 2019 payday on calendarNew developments could speed up instant payments in the U.S. Last week, the Federal Reserve announced it would give some competition to The Clearing House’s Real Time Payments (RTP) with ...
  • Can On-Demand Pay Stop QSRs’ Employee Churn?

    August 13, 2019 The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision ...
  • Why FedNow Will Slow Real-Time Payments

    August 12, 2019 Why FedNow Will Slow Real-Time PaymentsI’m from the government and I’m here to make sure you get your paychecks faster – even instantly… …if you can just hang in there until about 2024. That’s the talk track ...
  • How The FedNow Service Could Keep Checks In B2B Payments

    August 8, 2019 The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to ...
  • How Airbnb, Lime, Turo, Fiverr And Newegg Are Using Instant Payments

    August 8, 2019 Whether it’s a merchant or their customer, an employer or their employee — every party involved in a transaction wants to be paid immediately, without any hassles or surprises. That’s why ...
  • Why Mastercard Acquired Nets

    August 7, 2019  Mastercard is making its largest acquisition to date with its $3.2 billion bid to buy the Denmark-based payments platform, Nets, furthering its European presence and moving well beyond credit and ...
  • Post-Worldpay Deal, FIS Eyes eCom and Real-Time Payments

    August 6, 2019 Fidelity National Information Services (FIS) released results Tuesday (Aug. 6) that showed organic growth for FIS and recently acquired Worldpay as standalone entities and updated the outlook for the combined ...
  • Mastercard Buys Nets For $3.19B

    August 6, 2019 Mastercard Buys Nets For $3.19BIn its biggest acquisition to date, Mastercard will buy Nets for 2.85 billion euros ($3.19 billion). With the purchase of the Denmark-based payments platform, Mastercard is picking up an electronic billing ...
  • Deep Dive: How Instant Payments Are Changing Pension Disbursements

    August 6, 2019 Most financial services have moved online, but many senior citizens still depend on paper-based processes to receive their pensions or other retirement benefits. Younger generations are just starting to save ...
  • The Fed Debuts FedNow

    August 6, 2019 It’s now official. The Fed plans to build its own instant clearing and settlement rails. Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer ...
  • Federal Reserve To Launch FedNow Instant Payments System 

    August 5, 2019 Federal Reserve To Launch Instant PaymentsThe Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced ...

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