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

SWIFT gpi Instant Goes Live In The UK
SWIFT gpi Instant Goes Live In The UK
December 02, 2020  |  Faster Payments

Belgium-headquartered payments solution provider SWIFT is introducing a new service for real-time cross-border payments and transfers called gpi Instant. “This is an important milestone in...

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Non-Banks In Singapore To Get Access To Real-Time Payment Rails
Non-Banks In Singapore To Get Access To Real-Time Payment Rails
November 30, 2020  |  International

Non-bank lenders in Singapore will soon be granted access to the country’s digital payments platforms PayNow and FAST, according to a statement from the Monetary...

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion
Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion
November 23, 2020  |  Financial Inclusion

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies, a FinTech...

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Deep Dive: How Prepaid Cards Support Faster, More Accessible Employee Compensation
Deep Dive: How Prepaid Cards Support Faster, More Accessible Employee Compensation
November 20, 2020  |  Smarter Payments

Companies with global workforces need to overcome numerous challenges to quickly and easily pay their employees. Providing prompt compensation is critical because workers’ loyalty could...

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Real Time Heats Up In B2B, While Blockchain Gains Traction
Real Time Heats Up In B2B, While Blockchain Gains Traction
November 19, 2020  |  B2B Payments

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster...

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Mastercard Embraces Existing Rails To Drive B2B Payments Value
Mastercard Embraces Existing Rails To Drive B2B Payments Value
November 17, 2020  |  B2B Payments

When it comes to global B2B procurement, nothing is simple. For example, suppose a huge global consumer packaged goods (CPG) conglomerate wants to introduce a...

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B2B Use Cases Drive Up Real-Time Demand
B2B Use Cases Drive Up Real-Time Demand
November 03, 2020  |  B2B Payments

As efforts to innovate payments infrastructure continue, speed remains top priority. But it’s not only consumers driving demand for real time. In this week’s roundup...

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FinTechs Drive Adoption Of Payment Rail Innovations
FinTechs Drive Adoption Of Payment Rail Innovations
October 27, 2020  |  B2B Payments

Whether innovators improve upon legacy payment rails or embrace the development of entirely new ones, the success of any infrastructure depends on adoption. In this...

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UK Watchdog Investigates Klarna Over Email Fiasco
UK Watchdog Investigates Klarna Over Email Fiasco
October 15, 2020  |  Buy Now Pay Later

The U.K. Information Commissioner’s Office (ICO) is launching a probe against Sweden’s buy now, pay later (BNPL) startup Klarna over complaints about a recent email...

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