Retailers say that card processing fees take a bite out of sales. Then why not, asks Marion King, director of payments at NatWest, remove card rails and replace them with new, real-time payment rails? In this month's Faster Payments Tracker, King says using new real-time...
Across the U.S., financial players are still exploring the best practices to offer faster payments to corporate clients. A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses...
From enabling new messaging capabilities in the U.S. to cross-border push payments for expats in Kuwait and Zimbabwe, access to faster payments tools is rapidly accelerating. Still, gaps remain, says John Hutton, director of payments for Nationwide Building Society. In the latest Faster Payments Tracker,...
The need for faster payments is transcending borders, with FIs in several major global regions making efforts to expand local access to speedier payments. These innovations not only promise to improve payment speed, but to also accelerate financial access and empowerment in different markets. In...
The weakest link in any supply chain, particularly across borders, can be payments. Brian Jamieson, CEO and co-founder of Centtrip, tells PYMNTS in the latest edition of the Faster Payments Tracker that leveraging faster, even real-time payments can help corporates mitigate the high FX costs...
Getting financial institutions (FIs) on board with accepting real-time payments means assuring that doing so won’t bring any unreasonable risk. At a time when many national faster payment schemes are growing around the world, both in terms of transactions processed and FI participant counts, security...
When Prelude Software was getting its start 30 years ago, fixing payments for insurance carriers meant solving for what EVP Bill Clausen called a “benign but important request,” which was finding a way to switch from pre-printed check stock to blank check stock. In a...
Just two months post-launch, Australia's faster payments platform — New Payments Platform (NPP) — has already handled over five million transactions with FIs, ranging from the biggest banks to the smallest credit unions. PYMNTS caught up with NPP Australia CEO Adrian Lovney to talk about...
Around the world, rusty, decades-old payment systems are being left by the wayside as more countries roll out new payment infrastructures suited to the speed demands of modern industries and consumers, enabling payment transfers within seconds. In the May Faster Payments Tracker, PYMNTS dives into...
