As demand for faster payments increases around the world, financial institutions (FIs) in Europe are having to beef up investment in real-time data and payment processing infrastructure to meet the needs of their corporate clients. But it might take a while for those investments to...
Customer communication platform Weave has added online bill pay to its product suite. The feature lets small businesses create, send and embed a link for customers to pay their bills online at their convenience, Weave said in a Wednesday (May 17) news release, singling out healthcare providers. “As digital...
ACI Worldwide says it is among the first payments firms certified for the U.S. Federal Reserve’s FedNow instant payments service, due to launch in July. ACI worked with the Fed to identify Corporate One Federal Credit Union as its initial partner to integrate instant payments...
Payments processor Jack Henry says it is “operationally ready” to support the Federal Reserve’s FedNow service. FedNow is the U.S. central bank’s real-time payments network due to launch in July, and Jack Henry announced Monday (May 15) that more than 20 of its clients will...
Zimpler has launched instant cross-border payouts for the 20 eurozone countries. The new account-to-account (A2A) payment solution is available for both B2C and B2B clients and allows them to send payments directly to a recipient’s bank account, Sweden-based Zimpler said in a Monday (May 15) press release. “Zimpler’s...
Shifting preferences favoring transaction speed and ease have led many organizations to move toward faster payment methods. In fact, 54% of North American businesses say payment speed is a primary reason for adding digital payment options at all. Especially with lingering inflation and economic uncertainty...
Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as Boodil, which layers on a rewards program, are hoping to accelerate use. — Harry Luscombe hears it all the time...
Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow Service rollout, the speed of payments is moving toward instant transactions. Speed-seeking consumers are growing used to the added convenience...
Wage growth is still on the rise despite the recently cooling job market, leading some employers to turn to pay-related “perks” in order to retain workers. Bureau of Labor Statistics data published earlier this month noted that hiring has cooled from its previous breakneck pace....
