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

Millennials Embrace Connectivity Tools for Seamless Direct Bank Payouts
Millennials Embrace Connectivity Tools for Seamless Direct Bank Payouts
February 08, 2024  |  Payment Methods

Open banking connectivity features are transforming the way consumers receive payouts from merchants, service providers and government agencies. These features allow consumers to link their...

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AppTech Integrates Its Commerse Payments Platform With Newly-Acquired FinZeo
AppTech Integrates Its Commerse Payments Platform With Newly-Acquired FinZeo
February 08, 2024  |  Payment Methods

FinTech company AppTech integrated its Commerse product and its newly-acquired FinZeo platform. Commerse is a portal that lets independent sales organizations and independent software vendors...

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APIs Promise to Make Instant Payment Systems Interoperable
APIs Promise to Make Instant Payment Systems Interoperable
February 08, 2024  |  Faster Payments

Cory Barnes, senior product manager at Form3, told PYMNTS that instant payments can reach their full potential only when far-flung systems are truly in sync...

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Cross River and Aeropay Enable Instant Payouts via Gaming Operators
Cross River and Aeropay Enable Instant Payouts via Gaming Operators
February 07, 2024  |  Disbursements

Cross River Bank and Aeropay partnered to enable instant payouts in the gaming industry. Together, Cross River Bank, a provider of embedded financial solutions, and...

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Can Real-Time Payments Play in Australia — or Are Payments Already Fast Enough?
Can Real-Time Payments Play in Australia — or Are Payments Already Fast Enough?
February 07, 2024  |  Faster Payments

As companies increasingly set their sights on international markets, the need for a comprehensive understanding of the principles guiding global expansion is becoming increasingly essential....

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Connected Economy’s Evolution Is Hindered by ‘Balkanization’ of Payment Providers, Says Thredd’s McCarthy
Connected Economy’s Evolution Is Hindered by ‘Balkanization’ of Payment Providers, Says Thredd’s McCarthy
February 07, 2024  |  Connected Economy

There’s been no shortage of ideas and attempts by businesses to make payments a part of their strategic roadmap, Jim McCarthy, CEO of Thredd, told PYMNTS’ Karen...

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Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
Papaya to Showcase Workforce Payments Platform in Super Bowl Commercial
February 06, 2024  |  Cross-border Payments

Papaya Global will use a Super Bowl commercial to showcase the launch of its artificial intelligence (AI)-powered platform for executing worker payments. The new workforce payments platform provides...

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Fiserv’s Clover Logs 30% Revenue Growth, Zelle Transactions Surge 44%
Fiserv’s Clover Logs 30% Revenue Growth, Zelle Transactions Surge 44%
February 06, 2024  |  Earnings

Fiserv’s most recent results show momentum as smaller businesses and financial institutions (FIs) alike invest in upgrading their digital and mobile capabilities and payments acceptance....

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Plaid Says Pay by Bank Is Nearing a Tipping Point as Consumers Form New ‘Habits’
Plaid Says Pay by Bank Is Nearing a Tipping Point as Consumers Form New ‘Habits’
February 06, 2024  |  Payment Methods

Rahul Hampole, head of payments at Plaid, said pay by bank is gearing up for widespread adoption — but much depends on use cases that are...

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