The last few weeks have been hard times for the restaurant industry in the U.S. — big chains and mom-and-pop joints alike are closing their dining rooms, furloughing their staff in some cases and working overtime to find out-of-the-box ways to weather the incoming storm....
Wirecard will add more options for Chinese customers looking for eCommerce as they integrate the WeChat Pay option to help people pay faster, according to a press release. European merchants will now have the option to add the payment method, and Chinese customers will be...
The financial landscape is changing, moving toward instant payments, toward commerce that is always on – and for financial institutions (FIs) serving corporations and consumers across the world, the margin for error is fast disappearing. In an interview with PYMNTS in advance of an industry...
The gig economy is giving rise to a workforce that values flexible – and speedy – payments. Jennifer Schroeder, executive vice president of product management at PULSE, tells PYMNTS prepaid and payroll cards are proving increasingly popular among forward-thinking employers and can help cement loyalty.
There’s a battle brewing in payments. A big one. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. In the March 2020 PYMNTS Faster Payments Tracker, the antagonists in this particular...
Persuading the 11,000+ financial institutions (FIs) in the U.S. to integrate with a new real-time payments rail is a tough ask, especially when speed of payment is no longer enough to win over their clients, says The Clearing House Senior Vice President of Products and...
Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the...
All of the banks in Aruba have switched to instant payments (IP) through the use of the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), according to a release. The scheme was implemented through equensWorldline, a subsidiary of Worldline, a...
The Hungarian Central Bank (MNB) has introduced an instant payment system that allows for bank transfers in seconds at any time of the day, according to a report. The MNB described the immediate payment is “cash without cash,” and said it’s a helpful and competitive...
