Slow payment options can be devastating to businesses' stability and vendor relationships, but firms often find themselves struggling to choose the right faster payment alternatives, says U.S. Bank Vice President of Global Treasury Management, Faster Payments Adam Carter. In the inaugural Real-Time Payments Report, Carter...
Paper checks have long been a mainstay of corporate payments, with 42 percent of companies reportedly using checks to pay vendors in 2019. It is no secret that they are a slow way to deliver funds, however. Suppliers often struggle with the cash flow strains...
At a time when no one wants to say that COVID-19 has been good for business, more and more executives in the digital arena are willing to at least say that the pandemic has been a major catalyst for reform. One of them is Kickfin CEO Brian...
Portuguese payments provider SIBS has taken its instant payments service international two years after launching it as a intra-country platform. “The Instant Payments Solution platform from SIBS, launched in 2018 to ensure instant payments processing at a national level, is now also providing these operations...
It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct...
For businesses, cash flow is, was and always will be king when it comes to priorities. Jump into a time machine, and that theme would be a constant when looking at the world’s biggest companies and their progress over time, Ingo Money CEO Drew Edwards...
European payments provider Contis is partnering with U.K.-based FinTech Ordo to help speed up bank transfers for businesses, simplify loan repayments and more, according to a press release. Contis works in real-time payments, while Ordo has been working to simplify the process of getting paid...
There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central...
A 17-year-old FinTech is teaming up with The Clearing House, one of oldest players in the U.S. financial industry that was founded before the Civil War, to drive adoption of real-time payments across the banking industry. Founded in 2003, Alacriti, which works with banks and...
