Around the globe, new payment schemes are on the rise. In the Eurozone, the Eurosystem’s new process for settling instant payments is slated to go live this November. As the TARGET Instant Payment Settlement (TIPS) nears its launch date, major financial players are busy at...
The disquieting statistic that every potential entrepreneur must consider before deciding to take the plunge and starting their own small business (SMB) is that half of all small businesses fail in their first year. It’s a rough number, WePay Co-Founder Rich Aberman told Karen Webster for...
Retailers say that card processing fees take a bite out of sales. Then why not, asks Marion King, director of payments at NatWest, remove card rails and replace them with new, real-time payment rails? In this month's Faster Payments Tracker, King says using new real-time...
Across the U.S., financial players are still exploring the best practices to offer faster payments to corporate clients. A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses...
From enabling new messaging capabilities in the U.S. to cross-border push payments for expats in Kuwait and Zimbabwe, access to faster payments tools is rapidly accelerating. Still, gaps remain, says John Hutton, director of payments for Nationwide Building Society. In the latest Faster Payments Tracker,...
The need for faster payments is transcending borders, with FIs in several major global regions making efforts to expand local access to speedier payments. These innovations not only promise to improve payment speed, but to also accelerate financial access and empowerment in different markets. In...
The weakest link in any supply chain, particularly across borders, can be payments. Brian Jamieson, CEO and co-founder of Centtrip, tells PYMNTS in the latest edition of the Faster Payments Tracker that leveraging faster, even real-time payments can help corporates mitigate the high FX costs...
Getting financial institutions (FIs) on board with accepting real-time payments means assuring that doing so won’t bring any unreasonable risk. At a time when many national faster payment schemes are growing around the world, both in terms of transactions processed and FI participant counts, security...
When Prelude Software was getting its start 30 years ago, fixing payments for insurance carriers meant solving for what EVP Bill Clausen called a “benign but important request,” which was finding a way to switch from pre-printed check stock to blank check stock. In a...
