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...
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,”...
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...
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...
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 […]
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...
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...
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...
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. […]
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...
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...
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...