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

Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases
Visa Says Frictionless B2B Payments Are The Future; Rails Must Adapt To New Use Cases
December 09, 2020  |  Payment Methods

In payments, speed is everything. So, it’s no surprise that in a fireside chat with PYMNTS Karen Webster, Visa’s Alan Koenigsberg, global head of new...

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Walmart’s Flipkart Planning To Spin Out Mobile Payments Arm PhonePe 
Walmart’s Flipkart Planning To Spin Out Mobile Payments Arm PhonePe 
December 03, 2020  |  Payment Methods

Walmart-owned Indian eCommerce business Flipkart is planning to sell off a percentage of its digital payments division PhonePe in an effort to facilitate funding for expansion. ...

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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. Get the Full Story Complete the...

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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. Get the Full Story Complete the form to unlock this article and enjoy...

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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

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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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. Get the Full Story...

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