Disbursements

The year 2024 has been nothing short of transformative for CFOs and treasurers, reshaping their roles into a blend of strategy, technology and operational precision.  Here at PYMNTS, we talk to ...

Instant payments continue their global sweep, with expanding RTP® network capabilities from The Clearing House in the United States, Australia simplifying cross-border transfers and Hungary embracing QR codes for everyday ...

Payments innovations impacted small- to medium-sized businesses (SMBs) in 2024. For years, SMBs lagged behind larger enterprises in adopting digital payment solutions, hindered by limited budgets, resources and expertise. To this ...

Payments infrastructure firm Episode Six (E6) has joined the Visa Ready for Government Disbursements program and teamed up with Secupay to deliver government disbursements in Germany. This partnership brings together Episode ...

Instant payments are rapidly becoming a preferred method for disbursements, revolutionizing how consumers, SMBs and enterprise senders manage their finances. And there is a consistent theme: As adoption grows, satisfaction ...

The payments industry faces the dual challenge of enhancing user experience while combating sophisticated fraud. “There’s a lot of emphasis on doing things as frictionless as possible,” Sunny Thakkar, head of ...

The insurance industry has faced challenges in implementing real-time payouts due to high costs and transparency issues, despite the potential benefits for insurers and customers, such as reduced delays and ...

What do gig workers and gamers have in common? Both are driving a seismic shift in how businesses manage payments — and instant is the name of the game. For ad ...

The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to Swift, which noted that the open ...

When The Clearing House launched its RTP® network in 2017 — the first new payments infrastructure in about 40 years — the transaction limit was $25,000. That was before the digital ...

Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will begin in April 2025, allowing consumers, ...

The trucking industry is crucial to the national economy, transporting more than 72% of freight by weight. Outdated payment methods, however, hinder efficiency, prompting the search for faster, digital solutions. A ...

What would a fully digital government payment system look like — and why does it matter? For citizens, government payments often mean waiting: waiting for tax refunds, waiting for stimulus checks, ...

With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent ...

Real-time payments took center stage in 2024, with groundbreaking milestones reshaping how money moves worldwide. From the United States expanding its payment networks to new systems debuting in other regions, ...

In the B2B world, where deal sizes can soar into the millions, financial relationships are anything but straightforward. This makes B2B payments acceptance a complex terrain of both challenges and opportunities. By ...

For all transactions — but especially for high-value commercial payments — speed is always a consideration, alongside the costs of those transactions, as well as security concerns. With new, higher limits ...

Federal Reserve Financial Services (FRFS) now helps financial institutions combat check fraud by enabling them to see deposit information and images of potential duplicate items for commercial checks. This ability is ...

The Clearing House plans to raise its instant payment network’s individual transaction limit. Starting next year, the RTP® Network will allow individual transactions of up to $10 million, The Clearing House ...

As demand for faster payments grows, so does the risk of fraud. More than 170 million U.S. consumers received at least one disbursement in the past year, highlighting the need ...

The Clearing House says its clearing/settlement system handled a record number of Black Friday transactions. The organization’s CHIPS network settled and cleared 1,083,550 payments valued at $2.63 trillion to kick off ...

Accounts payable (AP) may not always grab headlines, but its evolution is critical to business success. However, embracing the digital evolution of back-office cost centers is often easier said than done. ...

RealDesk.ai and Zum Rails have partnered to enable Canadian real estate brokerages to use one solution to power the entire transaction lifecycle, from lead to close. With this collaboration, Zum Rails’ ...

Simplifying payments can strengthen client relationships and grow customers, Ingo Payments Chief Innovation Officer Joseph Akintolayo writes in a new PYMNTS eBook, “The New Value Equation: 11 Financial Services Leaders ...

Worldpay introduced what it called a “first-of-its-kind service” capable of delivering near-instant refunds. The refunds — the speed of which depends on the receiving financial institution — are designed to help ...

Today, immediacy is not just a nice-to-have but an expectation, Jon Budd, CEO of Juniper Payments, a Velera company, writes in a new PYMNTS eBook, “The New Value Equation: 11 ...

The death of the paper check may be a ways off — certainly that’s the case with B2B transactions. In interviews with PYMNTS, executives have noted the fact that nearly half ...

The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department of the Treasury Assistant Secretary ...

Insurance industry payments network One Inc has launched a partnership with U.S. Bank. The collaboration, announced Thursday (Nov. 21), integrates U.S. Bank’s money movement and banking capabilities with One Inc’s ClaimsPay and ...

At its core, blockchain is a distributed ledger technology (DLT) that records transactions across multiple computers in a secure, immutable and transparent manner. Unlike traditional databases, where data is stored in ...

India’s central bank says the country is making mobile payment links with several countries. Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar discussed those connections while speaking to reporters Wednesday ...

If the payments landscape had a holy grail, it would be seamless cross-border payments. Unlike domestic payments, which are shifting toward a real-time, 24/7 model, cross-border transactions are still fraught with ...

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border payments business, according to a Tuesday ...

Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier this month, Iberpay said in a news release Monday (Nov. ...

How many potential borrowers are lost to cumbersome loan processes and slow disbursements? Today’s consumers expect the speed and convenience they find in other digital services — but traditional loan ...

Volante Technologies has expanded the capabilities of its Volante Payments Platform by adding a module that gives financial institutions greater visibility and control over their payments business. The new module, Volante ...

The top-performing North American Growth Corporates save nearly $10 million in bottom-line benefits. Why? Smarter working capital strategies play a key role. These firms’ leaders speed up cash cycles, cut ...

Innovation is born in times of struggle. And in the aftermath of Hurricanes Helene and Milton, with insurers across the southeastern United States seeing a massive surge in claims as ...

The online gambling industry is booming, driven by the rise of digital poker, online casinos and fantasy sports betting, making it crucial for operators to enhance the user experience to ...

The Clearing House’s RTP® network, a real-time payments rail in the United States, is winding down the year on the back of two milestones. The network set single-day records of 1.46 ...

FIS is teaming with Oracle to remove paper checks from the utility billing process. The FinTech company announced Tuesday (Nov. 12) that its BillerIQ solution, running on the Oracle Cloud Infrastructure, ...

You pays your money, you makes your choice. That old idiom does not apply to many small- to medium-sized businesses (SMBs), however. The PYMNTS Intelligence report “How Instant Ad Hoc Payments Benefit ...

  Many small to mid-sized businesses (SMBs) rely on non-recurring or ad hoc payments for a substantial portion of their monthly revenue. In fact, ad hoc receipts represent a growing share ...

Alacriti and Access Softek have partnered to help financial institutions meet the demand for real-time money movement and unified payment systems. In this collaboration, Alacriti’s payments solutions for financial institutions will ...

Digital bank PicPay is offering access to Brazil’s Pix instant payment system via WhatsApp. The new artificial intelligence (AI)-powered offering, announced Monday (Nov. 11), is made possible by PicPay’s partnerships with WhatsApp owner Meta ...