PYMNTS-MonitorEdge-May-2024

faster payments

Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks' customer accounts from the three working days that transfers take using the long-established BACS system, to typically a few seconds.

Source: en.wikipedia.org

Automated Payments Gains Ground in Business Sector
Automated Payments Gains Ground in Business Sector
June 20, 2024  |  B2B Payments

The B2B landscape represents one of the last true innovation greenspace areas. That is the good news. The bad news, or the other side of...

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The Clearing House Says Instant Payments Build Better Business Balance Sheets
The Clearing House Says Instant Payments Build Better Business Balance Sheets
June 20, 2024  |  Real-Time Payments

Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better...

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5 Big Ideas: Making the Case for Instant Payments
5 Big Ideas: Making the Case for Instant Payments
June 19, 2024  |  Faster Payments

In recent years, instant, P2P payments have seen a surge in adoption, emerging as a popular method for consumers to receive funds and make personal...

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Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
June 11, 2024  |  Accounts Payable

Thanks in part to the influx of gig workers and demands of key industries, enterprise small- to medium-sized business (SMB) payers are sending 28% more...

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66% of Healthcare SMBs Sent Real-Time Payments Last Year
66% of Healthcare SMBs Sent Real-Time Payments Last Year
June 10, 2024  |  Real-Time Payments

More small- to medium-sized businesses (SMBs) operating in the healthcare sector issued payments via real-time methodologies last year than via traditional methods like credit cards...

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Citi Adds Real-Time Funding to Treasury Offerings
Citi Adds Real-Time Funding to Treasury Offerings
June 10, 2024  |  Faster Payments

Citi introduced Real-Time Funding (RTF), part of its real-time treasury solutions for corporate customers. “Citi RTF enables the automated movement of funds between cross-border accounts...

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5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
June 07, 2024  |  Blockchain

Cross-border payments innovations are turning global growth frictions into modern fictions. Or, at least, they are working on it. Ripple and Clear Junction announced Wednesday...

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37% of Freelancers Use Instant Payments to Ease Financial Stress
37% of Freelancers Use Instant Payments to Ease Financial Stress
June 07, 2024  |  Faster Payments

Life as a freelancer is not for the faint of heart. Freelancing often requires constant hustling, as these workers generally look for new projects even...

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This Week in B2B: Smarter Treasury, Better Businesses
This Week in B2B: Smarter Treasury, Better Businesses
June 06, 2024  |  B2B Payments

How businesses transact with one another defines the ups and downs of the global economy. After all, commercial relationships sit at the center of commerce...

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