PYMNTS

JUNE 3, 2020

The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. One particularly complicated B2B payment procedure is cross-border transactions, which face slow processing times and overlapping regulations from both the sending and receiving countries.

B2B 75

B2B Government Account accountant 75

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. Tackling Barriers, Both Real and Perceived.

accounts payable 114

accounts payable Technology B2B Account 114

PYMNTS

SEPTEMBER 9, 2020

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. This year was supposed to be a tipping point for real-time payments adoption in the U.S., which were in place long before COVID-19 hit, are responsible for the faster payments slowdown. The Tallest Hurdles.

Technology 97

Technology B2B Government Retail 97

PYMNTS

NOVEMBER 23, 2020

Western Union just took another big step toward ramping up its growing digital payments arsenal. 23) that it has expanded its real-time digital payout capabilities in a move that encompasses billions of bank accounts in 100 countries. The legacy global remittance giant said on Monday (Nov.

Account 144

Account accountant accounted 144

PYMNTS

NOVEMBER 18, 2020

Is real-time ready for prime time? The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. That said, the U.S. That said, the U.S.

B2B 98

B2B Real Estate Start-ups payroll 98

PYMNTS

AUGUST 10, 2020

Real time is getting ever closer to prime time. You’d be forgiven for thinking that faster payments might be the purview of the U.S. Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. But it might not be the Federal Reserve ’s doing.

payroll 138

payroll Maine Gaming Account 138

PYMNTS

AUGUST 3, 2020

.’ ongoing development of a faster payments ecosystem has created space for digital assets and blockchain to play an increasingly important role in the landscape. “Being the world’s reserve currency, naturally regulators are going to take more time. “The U.S. Preparing Treasurers.

Technology 117

Technology Government B2B 117

PYMNTS

NOVEMBER 3, 2020

The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. It’s time to embrace it, especially for financial institutions (FIs) and adjacent players that intend to stay relevant in this market. We’ve evolved.

payroll 109

payroll 109

PYMNTS

JULY 22, 2020

Among the value propositions for real-time processing is to improve liquidity while reducing transactional overhead. Yet for many entities, the concept of implementing real-time processing across an entire system can feel overwhelming complex. “That’s where the true complexity is.” Exploring Value.

Technology 90

Technology B2B Maine Start-ups 90

PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

B2B 106

B2B Technology Account accountant 106

PYMNTS

NOVEMBER 25, 2020

In B2B payments, the path to making transactions as seamless and invisible as possible is often about closing the gap that separates buyer and supplier. This combination of facilitating payment and data connectivity was the motivation behind Transcard's launch of automated account-to-account (A2A) transactions.

B2B 116

B2B accounting and finance Technology Maine 116

PYMNTS

DECEMBER 21, 2020

PayPal 's Xoom , an international money transfer service, has integrated with NPIL's/NPCI's Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release. In addition, recipients of money transfers will have the option to link several bank accounts and set their default bank account for transactions.

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Account accountant accounted 112

PYMNTS

NOVEMBER 6, 2020

COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview. Payments Flexibility .

Technology 109

Technology Retail Account accountant 109

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.

B2B 117

B2B payroll Technology Start-ups 117

PYMNTS

NOVEMBER 16, 2020

Real-time payments continue to gain traction around the world. The country’s banking system is giving an upgrade to its instant payments system. Called PIX , the new payment rails have been in the works for some time and launched last week. Case in point: Brazil.

payroll 131

payroll Start-ups Sales Account 131

PYMNTS

AUGUST 23, 2019

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In the domestic payments space, the U.S. Rapid Growth.

Start-ups 77

Start-ups Maine Technology B2B 77

PYMNTS

JANUARY 26, 2021

Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years. Consumer initiation, tokenization and RfP combine to deliver safer, faster and smarter payments,” added Waterhouse.

payroll 109

payroll tax preparation Account accountant 109

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations. We needed to position ourselves to respond to that emerging trend from a technology perspective.".

accounting and finance 75

accounting and finance payroll Finance Technology 75

PYMNTS

SEPTEMBER 29, 2020

Mastercard and ACI Worldwide are teaming up to “provide a wide range of real-time payment solutions globally.” This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. Payments giant Mastercard, based in Purchase, N.Y.,

Government 99

Government Technology Account accountant 99

PYMNTS

OCTOBER 15, 2020

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. Real time and the ACH network can actually work together to displace paper checks.”

B2B 125

B2B Legal Gaming Start-ups 125

PYMNTS

OCTOBER 10, 2019

With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they are likely to play only a marginal role. One of the many questions around real-time payments is what forms they will take as the pace of deployments heat up.

Account 80

Account accountant accounted Technology 80

PYMNTS

MAY 20, 2020

Accomplishing this task poses a unique set of challenges, however, particularly when it comes to real-time payments. The 27 EU member states have their own financial systems, and many have also implemented their own domestic real-time payments rails. The Past and Future of EU Real-Time Payments.

Legal 84

Legal 84

PYMNTS

JANUARY 23, 2020

MUFG Union Bank is now offering business customers real-time payments on The Clearing House (TCH) RTP network, MUFG announced on Thursday (Jan. The RTP network provides instantaneous payments that allow customers the convenience of using funds right away. The RTP network is the first payments framework created in the U.S.

B2B 56

B2B 56

PYMNTS

NOVEMBER 26, 2020

This is where real-time payments come into play, Tom Hammond , vice president of corporate strategy and product management for payroll, human resources and benefits solutions provider Paychex , said in a recent PYMNTS interview. Real-time payments can improve the efficiency of firms struggling with their cash flows, he added.

payroll 75

payroll Tax Account accountant 75

PYMNTS

JUNE 24, 2019

Everyone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand at lower chance for mass adoption. The demand for faster payments is strong in the U.S., transaction accounts.

payroll 65

payroll B2B Technology Account 65

PYMNTS

FEBRUARY 1, 2021

To get a sense of the present state — and future — of instant payments, look to Italy. It has pulled ahead of its EU neighbors in developing real-time payments technology and in recruiting banks to adopt it. These days that “stable and efficient growth” has a lot to do with real-time payments.

Technology 100

Technology Account accountant accounted 100

PYMNTS

OCTOBER 14, 2019

In a press release , Paychex announced support for wearable technology through the planned debut of a smartwatch app that enables employees to automatically track time worked. The tool allows Paychex Flex Time users to clock in and out, take breaks and track meals through permission-based GPS location tracking.

payroll 76

payroll Technology Account accountant 76

PYMNTS

JANUARY 17, 2020

When The Clearing House launched its Real-Time Payments (RTP) network in 2017, the service was bound to rewrite some rules, and it has. But news of RTP is spreading to other verticals as unfamiliarity and integration fears start to vanish before the prospect of faster payments and an amazing set of new features.

Technology 61

Technology 61

PYMNTS

JANUARY 30, 2020

Global payments solution firm Berkeley Payments is introducing DirectSend to offer corporates frictionless real-time transfers, the company announced on Thursday (Jan. Jonathon Hamburg, chief executive officer and founder of Berkeley Payments, said DirectSend’s technological capability “is unmatched on the market today.”.

B2B 53

B2B Technology Account accountant 53

PYMNTS

APRIL 3, 2020

Sweden is the latest country to join the European Central Bank’s (ECB) instant payments platform in an effort to ease electronic payments. It will allow providers of payment services to transfer and settle their customers’ funds in real time, 24/7, and settle the payments in central bank money.

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75

PYMNTS

SEPTEMBER 23, 2019

One quote in the book that is particularly relevant to one of the hottest topics in payments today goes like this: “ Comfort is the enemy of progress.”. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper. Real-Time’s Receivables Dilemma.

B2B 61

B2B Connecticut payroll B2C 61

PYMNTS

APRIL 17, 2019

Corporations today receive payments through a variety of methods: They might take in funds through checks, traditional automated clearing house (ACH) or wire transfers. Some corporates may accept cash, credit cards or web payments. In other words, corporates have a mix of payments coming in through different channels.

Technology 73

Technology Account accountant accounted 73

PYMNTS

JULY 24, 2019

While commercial real-time payments became available in the U.S. Last month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payment technologies to community banks. Benefits of Real-Time Payments. back in 2017, they haven’t yet hit ubiquity.

B2B 67

B2B Technology Account accountant 67

PYMNTS

JANUARY 25, 2019

payments landscape is shifting into higher gear, pressuring corporations to accelerate their processes. As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. The Corporate Case For Real Time. as an example.

Government 67

Government Education Account accountant 67

PYMNTS

DECEMBER 17, 2020

ESL Federal Credit Union , through a team effort with other organizations, has gone live with real-time payments on the RTP network. ESL joined the RTP network by connecting through BNY Mellon , which helps companies convert to digital payments. This is a new payment system," he noted. in more than 40 years.”

Technology 61

Technology 61

PYMNTS

JANUARY 21, 2020

ACI Worldwide is working with The Bancorp ’s Direct Rapid Funds platform — powered by Visa Direct — for real-time corporate disbursements, The Bancorp announced on Tuesday (Jan. The platform uses push-to-card payments technology to offer faster payments to all corporate clients. .

Technology 52

Technology Government B2B 52

PYMNTS

JUNE 4, 2020

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release. RTP is offered through The Clearing House and is touted as the first new payments rail in the U.S.

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Ohio Maine Retail Technology 52