Faster Payments/page/3 news and trends

Trustly CPO: ‘Exciting Time’ For Pay by Bank and Open Banking

January 02, 2025
Trustly
To Know What’s Next in Payments, First Look Back
Payments Innovation // December 31, 2024

As we wrap up 2024, PYMNTS’ “What’s Next in Payments” series has provided insights from industry leaders on the current and future state of play for banking, payments and the connected economy. Here are five thought-provoking comments from executives that stood out this year, offering...

Legacy Tech vs. Instant Payments: Which Will Win 2025’s Cash Flow Race?
Real-Time Payments // December 30, 2024

A quarter-century into the new millennia, the banking and payments industries have witnessed a rapid pace of change. Consumers and businesses demand faster, more efficient transaction methods, pushing financial institutions to prioritize real-time capabilities. “We launched the RTP® network about seven years ago from scratch,”...

How Buyers and Suppliers Rewrote the Rules of B2B Payments in 2024
B2B Payments // December 27, 2024

As the dust settles on a transformative year in B2B, 2024’s advancements hint at a future where B2B payments become more seamless, intelligent and integrated. Digital innovation rewrote the rules of enterprise-level commerce this year, as businesses embraced technology to streamline workflows, enhance security and...

Digital IDs and Financial Services Collaboration Strengthen Proactive Fraud Prevention
Security & Fraud // December 26, 2024

As payments become faster, fraudsters hide behind anonymity or concoct identities that seem legitimate, and then scam banks, merchants and individuals out of their money. Among the most effective ways of stopping would-be criminals in their tracks is using advanced technologies and collaboration to spot...

Interviews & Exclusives
Trustly CPO: ‘Exciting Time’ For Pay by Bank and Open Banking

January 02, 2025
As payments continue to evolve, a trend to watch in 2025 is the adoption of pay-by-bank technology. This burgeoning payment method, rooted in open banking, has the potential to reshape how consumers and merchants interact. “It’s an exciting time to be in this space,” Trustly Chief Product Officer Adam D’arcy told PYMNTS. Open banking has […]

To Know What’s Next in Payments, First Look Back

December 31, 2024
As we wrap up 2024, PYMNTS’ “What’s Next in Payments” series has provided insights from industry leaders on the current and future state of play for banking, payments and the...

Legacy Tech vs. Instant Payments: Which Will Win 2025’s Cash Flow Race?

December 30, 2024
A quarter-century into the new millennia, the banking and payments industries have witnessed a rapid pace of change. Consumers and businesses demand faster, more efficient transaction methods, pushing financial institutions...

95% of Companies That Fully Automate AP See Healthier Finances

December 24, 2024
Many businesses rely on manual accounts payable and accounts receivable processes, which lead to slow, error-prone accounting that increases fraud risk. This can result in cash flow consequences, impacting both...

Quick Reads
FlexPoint’s AI System Enables Same-Day ACH Payments

December 12, 2024
Payment technology company FlexPoint has launched an artificial intelligence (AI)-powered system that processes automated clearing house payments the same day instead of the typical five-day wait, using AI to assess transaction risks. The system connects to the Federal Reserve’s FedNow® Service infrastructure to process ACH payments, FlexPoint said in a Thursday (Dec. 12) press release. […]

Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April

December 12, 2024
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...

Swift: 1 Million ISO 20022-Formatted Messages Being Sent Daily

December 06, 2024
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...

Adyen and Intuit Team to Speed Payments for UK Small Businesses

December 04, 2024
QuickBooks maker Intuit has launched a collaboration with Dutch payments firm Adyen. The partnership is designed to help small and medium-sized businesses (SMB) in the U.K. more easily manage electronic payments, Adyen...