Get ready. When the Fed’s Faster Payments Task Force issues its mammoth recommendation for strengthening the U.S. payment system later this month, it’s unlikely a federal mandate will make the cut. That’s Roy DeCicco’s take, at least. For July’s Faster Payments Tracker™, DeCicco, who’s managing...
Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around for a while and have the potential to make a long-lasting impact on how money is exchanged. The July PYMNTS.com Faster...
Can faster payment tools put on demand caregivers on the same economic footing as full-time workers? In June’s Faster Payments Tracker™, powered by NACHA, Bryan O’Malley, Care.com’s VP of payments, talks with PYMNTS about how faster payments are transforming the market by offering caregivers of children, the elderly, pets and homes,...
Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. The June Faster Payments Tracker™, powered by NACHA, highlights the latest trends...
The United Kingdom’s Payments Systems Regulator (PSR), along with the Bank of England, said Thursday that they’d agreed to a framework that would govern consolidation of the Cheque and Credit Clearing Company and the Faster Payments Scheme and Bacs. Reuters stated that the U.K.’s “multi-trillion...
While P2P transactions are gaining popularity, can they address the age-old discomfort of splitting bills among friends? For the latest issue of the Faster Payments Tracker™, PYMNTS caught up with Venmo’s COO Mike Vaughan about some of the “awkwardness of money” that P2P can create,...
While there are plenty of tools that make it easier to get money deposited into a bank or debit card account, there aren’t many that make it easier to ask your friends or co-workers to cough up the cash when you pick up the tab...
NACHA said Wednesday that it is launching what is being billed as the Mutual of Omaha Bank Corporate Learning Center. The center, NACHA explained in an April 12 release, is geared toward supplying “specialized education” across payments to professionals working within the arena, with emphasis on...
Thankfully, those turn of the century Y2K doomsday scenarios were a big fizzle, but there were still lessons to be learned. For the April Faster Payments Tracker™, PYMNTS spoke with Joe Casali of the New England Accelerated Clearing House (NEACH) about how the lessons learned...
