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

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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Bored Apes NFT Rampage Spikes Transaction Fees to $200M for 55,000 Sales
Bored Apes NFT Rampage Spikes Transaction Fees to $200M for 55,000 Sales
May 02, 2022  |  Blockchain

One of the top non-fungible token (NFT) lines sold off 55,000 NFTs for a record-setting $317 million. The transaction fees for those sales? $4,000 to...

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Do CBDCs Need Blockchain? Growing Number of Central Banks Say No
Do CBDCs Need Blockchain? Growing Number of Central Banks Say No
April 13, 2022  |  CBDC

There has been a widespread assumption that central bank digital currencies (CBDCs) would be built on blockchain — or at least the distributed-ledger technology (DLT)...

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Meet the Programmable Money That Doesn’t Need the Blockchain to Be Smart
Meet the Programmable Money That Doesn’t Need the Blockchain to Be Smart
April 11, 2022  |  Digital Payments

Turns out the age of “programmable money” is already upon us. Conventional wisdom holds that blockchains and smart contracts are the official harbingers, and enablers,...

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Embedding Payouts Into Payments Flows Key to Consumer’s Real Time Money Mobility Experience
Embedding Payouts Into Payments Flows Key to Consumer’s Real Time Money Mobility Experience
February 18, 2022  |  Faster Payments

The move to embed payments into all manner of customer experiences — be that on platforms, through disbursements, or even via cryptocurrencies — is a...

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Digital Dollar’s Power Problem: What Happens When the Lights Go Out?
Digital Dollar’s Power Problem: What Happens When the Lights Go Out?
February 07, 2022  |  CBDC

One of the big promises of central bank digital currencies (CBDCs) is that they are usable anywhere paper currencies are accepted. That is to say,...

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PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
PYMNTS Crime Series: Another Day, Another Nine-Figure Crypto Hack
February 03, 2022  |  Security & Fraud

Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking at the crimes that have not only been committed in the cryptocurrency industry...

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Payment Rails Raises $7M, Rebrands as Trolley
Payment Rails Raises $7M, Rebrands as Trolley
December 07, 2021  |  Startups

FinTech startup Payment Rails is rebranding as Trolley while closing a $7 million Series A funding round led by Pace Capital, with Pace partner Chris...

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To Simplify Cross-Border Payments, FinTechs Should Borrow a Page from WhatsApp
To Simplify Cross-Border Payments, FinTechs Should Borrow a Page from WhatsApp
November 18, 2021  |  Cross-border Payments

Getting paid is a challenge for any business at the best of times, but in the case of cross-border transactions, the complexity often extends several...

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