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

NIFT, Haball Collab On New Rail To Digitize B2B Payments In Pakistan
NIFT, Haball Collab On New Rail To Digitize B2B Payments In Pakistan
April 30, 2020  |  B2B Payments

National Institutional Facilitation Technologies (NIFT) has announced a partnership with B2B FinTech Haball for a new contextual railroad to help boost B2B payments in Pakistan,...

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Innovation Eases The Friction Of Global Payment Rails
Innovation Eases The Friction Of Global Payment Rails
April 30, 2020  |  B2B Payments

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of...

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Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain
Figure’s Mike Cagney: Stimulus Snafus Show It’s Time For Digital Dollars – And Blockchain
April 27, 2020  |  Blockchain

Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments, doled out in the wake of a pandemic...

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How APIs Ease Treasurers’ Reliance On Banks
How APIs Ease Treasurers’ Reliance On Banks
April 23, 2020  |  B2B Payments

The complexity of payment workflows within and between mid-market and large corporate entities can be so immense that many treasurers aren’t able to pinpoint exactly...

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Corporates Play Payment Rail Musical Chairs
Corporates Play Payment Rail Musical Chairs
April 21, 2020  |  B2B Payments

The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to...

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FinTechs Take On Payment Rail Status Quo
FinTechs Take On Payment Rail Status Quo
April 09, 2020  |  B2B Payments

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move...

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Innovating Cross Border B2B Payments: It Takes An Ecosystem
Innovating Cross Border B2B Payments: It Takes An Ecosystem
March 19, 2020  |  B2B Payments

Getting U.S. companies to switch to electronic B2B payments is tough enough, but adoption problems only grow when you add in cross-border transactions. “It’s an...

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New Instant Payment Networks Launch, From Aruba To Hungary
New Instant Payment Networks Launch, From Aruba To Hungary
March 17, 2020  |  B2B Payments

Speed drives innovation, particularly in payments. In this week’s look at payment rails innovation, PYMNTS finds a slew of new markets around the world adopting...

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Rethinking Reconciliation Amid Deeper Corporate Finance Disruption
Rethinking Reconciliation Amid Deeper Corporate Finance Disruption
March 11, 2020  |  B2B Payments

The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what the company was...

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