Business-to-business (B2B) payments are growing increasingly digital, a relief for accounting teams burdened with the manual processes of invoice creation, check writing and mailing invoices and payments through postal systems. Banks and businesses are turning to enterprise resource planning (ERP) systems en masse to address...
The head of Brazil’s central bank is refuting the idea that banks lose money with the country’s Pix instant payment system. As Reuters reported Friday (Aug. 12), Roberto Campos Neto spoke at an event hosted by banking lobby group Febraban, where he said Pix had...
Payment processing company PayTabs Egypt and digital shopping platform Waffarha have partnered to offer digital payment solutions and further Egypt’s shift toward a cashless society. Shoppers will be able to pay for their purchases quickly and seamlessly with credit cards and save their card details...
Merchant commerce omnichannel platform company Pine Labs’ online payments processing division Plural is anticipated to grow 10 to 15 times in the next two years and earn $4 to $5 billion in monthly transactions within two years from the $380 million it’s currently taking in...
For Block, the parent company of Square, bitcoin’s been a drag on results, and Cash App has been a boon. Block posted Q2 results that showed that the company’s movement to expand its ecosystem, linking sellers and buyers, is bearing fruit, even as growth may...
The ACH Network moved 7.5 billion payments totaling nearly $20 trillion value during the second quarter, according to an announcement from Nacha, the industry group responsible for running the protocol. Year-over-year change metrics included: Same-day payment nearly doubled, rising 94.4% to $486 billion on a...
“Belt tightening is something we are seeing across the economy, and everyone is trying to squeeze more out of the payment process.” That’s what Tom Donovan, principal solution consultant at ACI Worldwide, told PYMNTS in an interview, adding the preference for digital payments in a...
Grocers looking to provide a frictionless experience for their shoppers can go a long way with one simple option at checkout — digital wallet payment capabilities. By the Numbers According to data from PYMNTS’ recent study, “Mobile Wallet Adoption: Apple Pay @8: Still The Big...
The national Automated Clearing House (ACH) network for electronic funds transfers moved 7.5 billion payments totaling $19.6 trillion in the second quarter of this year, led by growth in same-day ACH and business-to-business (B2B) payments. The second quarter marked the first time that the same-day...
