Sweden recently became the first nation outside the eurozone to join TIPS, the European Central Bank’s real-time payment platform — setting the stage for other countries to do so in the future. In the latest Faster Payments Tracker®, PYMNTS spoke with the European Central Bank...
The COVID-19 pandemic has shaken both the United States and global economies, with 38.4 percent of small to mid-sized businesses (SMBs) reducing their payroll and experts warning that the pandemic could reduce global trade by anywhere from 13 to 32 percent. The pandemic has caused...
There’s a battle brewing in payments. A big one. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. In the March 2020 PYMNTS Faster Payments Tracker, the antagonists in this particular...
Persuading the 11,000+ financial institutions (FIs) in the U.S. to integrate with a new real-time payments rail is a tough ask, especially when speed of payment is no longer enough to win over their clients, says The Clearing House Senior Vice President of Products and...
May 19, 2020
The COVID-19 pandemic has shaken both the United States and global economies, with 38.4 percent of small to mid-sized businesses (SMBs) reducing their payroll and experts warning that the pandemic could reduce global trade by anywhere from 13 to 32 percent. The pandemic has caused a global economic downturn leaving consumers and businesses under significant […]
March 06, 2020
Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point...
December 30, 2019
Despite the demonstrated benefits, the adoption of real-time payments has not been, well, particularly speedy. Many businesses cite the lack of ubiquity and high upfront costs for their halting shift...
June 13, 2019
As much as 80 percent of firms still rely on paper checks. Only 3 percent of firms meet demands for B2C payments. Fiserv VP of Digital Payments and Data Aggregation Paul...
September 06, 2018
More corporates are showing an interest in real-time payments — and financial players are gearing up to help. A recent survey of corporates and payment service providers, conducted by TD Bank at the 2018 NACHA PAYMENTS Conference, found that the potential of faster payments seems to be capturing the imaginations of a significant share of corporate respondents. […]
