Debopama Sen, head of payments, Citi Services, and Biswarup Chatterjee, head of partnerships and innovation, Citi Services, told Karen Webster that when it comes to payments, banks must offer choice, speed and transparency to their enterprise clients. Otherwise, they risk losing business to digital upstarts...
Pay by bank, also known as account-to-account (A2A) payments, is gaining in popularity. More consumers are turning to this payment method to shop, pay their bills or for peer-to-peer transfers because of its fast and convenient nature. Despite this, only a third of U.S. consumers...
The payments ecosystem remains a highly fragmented one as we enter the new year. On the one side, specialized platforms serve different use cases; on the other, universal platforms cater to broader organizational needs. This fragmentation provides businesses with numerous options but can also make...
Account-to-account (A2A) payments, also known as pay by bank, involve the transfer of funds between bank accounts, often in real-time. Unlike traditional card networks, these payments circumvent intermediaries, offering a more direct and cheaper method to make transactions. One of the main advantages of A2A...
Companies across industries are adopting or enhancing embedded payments as a way to improve the customer experience and create new sources of revenue. Among the marketplaces and independent software vendors (ISVs) that don’t currently offer payment capabilities, 65% plan to add embedded financial products for...
Account-to-account (A2A) transfers, also known as pay-by-bank, have emerged as a convenient alternative to traditional transaction methods like credit and debit cards. By transferring money between bank accounts, this payment method bypasses traditional card networks, providing a more direct and cost-effective way to facilitate transactions....
An account-to-account (A2A) payment, as the name suggests, allows a person or business to send money directly from one account to another in a quick, safe and affordable way. A2A payments, also known as pay-by-bank, can be separated into two distinct types: push payments, which...
British music and entertainment retailer HMV has tapped Worldpay to help it expand in Europe. HMV will use Worldpay Omnichannel — a Worldpay and FreedomPay effort — to improve its omnichannel strategy across 34 markets, Worldpay said in a Wednesday (Dec. 20) press release. “Worldpay Omnichannel allows merchants to operate across borders and...
Visa is letting members of its FinTech Fast Track program join its Visa Direct platform. The move expands the program beyond card issuance and gives members access to real-time money movement capabilities. “Fintechs are a vital growth engine for the payments industry, and Visa is committed to supporting...
