Faster Payments

TRENDING: Inside Hong Kong’s New Faster Payment System
November 06, 2018

  Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. By September of this year, 40 such rails were live, with 16 more expected to launch by early 2020. Demand is also heating up for real-time gross settlement...

Faster Payments
Instant Onboarding: A Payments ‘Red Herring?’
November 02, 2018

Instant onboarding — the ability for a merchant to complete a one-page digital application, then instantly process payments — has, more or less, been heralded as the best thing to happen in payments and to merchants in decades. WePay Co-founder Rich Aberman begs to differ. Sure, instant onboarding creates a slick experience for a business interested...

Faster Payments
Faster Payments, Real-Time Payments And A Few Glitches
November 01, 2018

Speed matters in payments, and as B2B moves away from checks, some recent infrastructure initiatives and announcements show traction in Europe and Asia.  However, as some reports of fraud show, sensitive information may be vulnerable.

Faster Payments
NEW DATA: Why One-Third Of Businesses Want Real-Time Payments
October 30, 2018

Paper checks are still the norm when it comes to B2B payments — and companies aren’t happy about it. After all, paper checks are neither easy to use, nor convenient. Twenty percent of companies surveyed by PYMNTS said they dislike using checks for B2B payments...

Faster Payments
Flywire Streamlines Tuition Payments For Indian Students
October 18, 2018

Most people know that China is the world-leading supplier of students studying abroad. As of 2017, a little more than 600,000 Chinese students left the country to pursue their education overseas. Currently, there are about 1.5 million Chinese students enrolled in overseas higher-education institutions and, over the...

Faster Payments
Venmo Raises Rate For Instant Transfers
October 14, 2018

Venmo, the digital payment unit of PayPal, has raised the fee for instant transfers when moving money from their account to a traditional bank account, according to reports. Reports citing an email Venmo sent to users late last week said the fee is going up to...

Faster Payments
The Fed Wants To Know How It Can Make Payments Move Faster
October 04, 2018

The Fed is seeking public comment from stakeholders on moving to faster payments, always on and always available. Fed Gov. Lael Brainard said in a speech Wednesday that there's a path for real-time gross settlements between banks, giving consumers and businesses the speed and transparency...

MiLB’s Jacksonville Jumbo Shrimp Hits A Payroll Homerun
October 03, 2018

Paper checks are a serious payments misplay. Consider Minor League Baseball’s Jacksonville Jumbo Shrimp: Hundreds of employees would crowd into the club’s ticket office right before game time to grab their payroll checks. Total whiff. So, the team changed its game plan. In this month’s...

TRENDING: Minor League Baseball, Jumbo Shrimp And A Payments Payroll Changeup
October 02, 2018

As faster payment schemes emerge and expand, financial institutions (FIs) and businesses uncertain about real-time payments need to know what the developments mean for them — and how they should respond. That means deciding whether it’s worth engaging with the schemes and, if so, deciding...