Tech is changing treasury — and, by extension, global payments. “Fundamentally the bar has been raised across the board,” Shahmir Khaliq, global head of treasury and trade solutions at Citi, told PYMNTS’ Karen Webster. The massive shift of consumer payments to online conduits — where...
Necessity, as they say, is the mother of invention. In the throes of the pandemic, and in the midst of economic upheaval and the need to cast social safety nets wide and far, disbursements made the leap – and are still making the leap –...
Digital P2P payments provider MoneyGram International, Inc. has integrated with Bangladesh mobile financial service bKash to enable more than 55 million bKash users to receive funds in real-time from around the world, according to a Wednesday (Nov. 17) press release. This latest integration is part...
CIT Group Inc.’s Community Association Banking division has launched a new amenities feature in C-PropertyPay, a secure payment system to help residents and association members pay their dues, rent and other shared services fees online or via a mobile app, according to a company announcement...
The last 18 months or so of pandemic-induced remoteness have forced businesses of all types and sizes to talk about business payments optimization — and specifically, ways they can get paid faster. But for all the discussion and even some of the best intentions, it...
On Wednesday (Nov. 10), financial benefits platform Even teamed up with J.P. Morgan to give millions of U.S. hourly workers instant access to their earned wages through real-time payments (RTP), according to a press release. The beta version of the team-up, which started in July,...
The media and technology company BBTV has launched a service called Fast Pay, designed to expedite monthly payments for creators. “Following registration to BBTV Fast Pay, creators will receive their current and next month of earnings for their first pay period, providing up-front capital that...
It’s a little-known quirk of the system, but many of the paper checks small- to medium-sized businesses (SMBs) receive actually start out as online bill payments made by their customers. This digital downgrade, if you will, is often the result of customers entering incorrect data into...
Automated dental insurance claims processing platform Zentist has rolled out a financial pre-funding pilot program for the U.S. dental industry, the company announced Monday (Nov. 8). The program applies machine learning models to dental insurance claims data, and will allow dental service providers with several...
