payment rails

A payment rail is a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network. Credit card rails are the credit card payment system.

Source: en.wikipedia.org

Bank of England: CHAPS Payment System Service Restored After Outage
Bank of England: CHAPS Payment System Service Restored After Outage
July 18, 2024  |  Payment Methods

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We...

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Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
Ad Hoc Payments Reach 30% of AP Dollar Volume for Enterprise SMBs
June 11, 2024  |  Accounts Payable

Thanks in part to the influx of gig workers and demands of key industries, enterprise small- to medium-sized business (SMB) payers are sending 28% more...

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Account-to-Account Payments Have a Branding Problem
Account-to-Account Payments Have a Branding Problem
June 09, 2023  |  Payment Methods

Business has a way of creating an alphabet soup of abbreviations and marketing names for financial products, and that’s certainly the case with account-to-account, or...

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Three Insiders Share Their Views on FedNow Pilot
Three Insiders Share Their Views on FedNow Pilot
November 29, 2022  |  Faster Payments

The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a...

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Instant Payments Help New Payments Ecosystems Blossom
Instant Payments Help New Payments Ecosystems Blossom
November 28, 2022  |  Faster Payments

Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. But as Wells Fargo Head of...

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Why Universal ‘Pay Anybody’ Is Coming and Will Change Everything
Why Universal ‘Pay Anybody’ Is Coming and Will Change Everything
October 31, 2022  |  Payment Methods

Ubiquity and choice are the digital promised land. How we get there from here will be a matter of securely opening the payments ecosystem to...

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Ethereum 2.0 May Be Greener, but Is It Scalable Enough for Payments?
Ethereum 2.0 May Be Greener, but Is It Scalable Enough for Payments?
August 08, 2022  |  Blockchain

Next month, the Ethereum blockchain is scheduled to make the long-awaited switch to a much more environmentally-friendly Ethereum 2.0, which will in turn set the...

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Brazilian FinTech Unicorn CloudWalk Launches Blockchain
Brazilian FinTech Unicorn CloudWalk Launches Blockchain
June 27, 2022  |  Blockchain

CloudWalk, a Brazilian FinTech that manages payments for small- to medium-sized businesses (SMBs), announced Monday (June 27) that it is launching a blockchain of its...

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Crypto Craze No Easy Lift for Curious Businesses
Crypto Craze No Easy Lift for Curious Businesses
May 20, 2022  |  Cryptocurrency

As a business, accepting crypto is harder than it should be. The technology is different, but that’s nothing new. The problem, according to George Davis,...

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