Perficient

FEBRUARY 2, 2023

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

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Perficient

MARCH 30, 2023

The front office is screaming down to the Settlement Office, “Operations, we need more capital!” In this blog, we wanted to share a practical solution that blockchain technology can offer financial services institutions – the ability to provide instant settlement and optimize collateral on demand. I’m giving it all we’ve got.

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Payments Dive

JANUARY 2, 2025

The food service point-of-sale and payments software provider said it bought the data analytics company to better service restaurant operators.

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PYMNTS

OCTOBER 28, 2020

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. Across The Payments Orchestration Ecosystem. Deep Dive: Using Payments Orchestration To Enhance ROI.

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PYMNTS

OCTOBER 4, 2020

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

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PYMNTS

JUNE 21, 2020

HSBC Hong Kong ‘s new application programming interface (API) will simplify the payment system for businesses down to a one-stop payment hub, a press release says. The API will assist Futu with processing incoming funds in a more streamlined way.

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PYMNTS

JUNE 25, 2020

In an email, Uber CEO Dara Khosrowshahi said the company isn’t prioritizing several finance-related projects, such as credit cards, a digital wallet and instant payments for drivers. With Hazlehurst departed, Khosrowshahi said Uber Money employees will now be reporting to Peeyush Nahar, vice president of technology, Bloomberg reported.

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Perficient

NOVEMBER 11, 2020

Here are 8 trends we’re currently tracking into 2021: TREND 1: The evolution of healthcare will be characterized by a reengineering of clinical care and operations around digital health and pervasive real-time use of data and advanced analytics.? Expect expansions of asynchronous virtual care leveraging integrated wearable technologies.

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PYMNTS

NOVEMBER 1, 2020

Nikita Melnikovs , member of the board at card payments technology company DECTA , said the rampant shift into digital commerce has led to some companies making mistakes like spending too much money on website development.

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PYMNTS

MARCH 6, 2020

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

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PYMNTS

SEPTEMBER 17, 2020

The European Union (EU) could pass new laws that would make it mandatory for Apple to share the payments technology in its iPhones, according to a report from Bloomberg. Users of Apple Pay might soon see more benefits, such as QR code-based payments , through the Wallet app. That method wouldn't require NFC, the company said.

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PYMNTS

JUNE 15, 2020

Visa is working with Facebook so that consumers can fully use the new payments feature on WhatsApp in Brazil, the global digital payments giant announced on Monday (June 15). “As In addition, small businesses will be able to receive payments from customers if they create a WhatsApp Business app account.

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Perficient

DECEMBER 9, 2020

However, every industry is unique and requires a variety of different services, technologies, and assets for successful omnichannel delivery. Providing a quality commerce experience is table stakes in these unprecedented times, and brands across all industries are racing to sell through digital channels.

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PYMNTS

OCTOBER 16, 2020

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Making Real-Time Payments A Reality. Here’s why. .

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PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

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PYMNTS

SEPTEMBER 15, 2020

Although they are vastly different beasts, shifts in the consumer payments ecosystem have significantly impacted the flow of B2B payments. This is a great risk because if you don’t have the proper banking tools to get your funds to maintain your business operations, it can be very dangerous for business.”.

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PYMNTS

SEPTEMBER 18, 2020

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. EVO Payments Wields Visa Rails for Merchants. SWIFT to Launch New Real-Time Rails.

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PYMNTS

JULY 3, 2020

The global pandemic has left no industry unscathed, but the travel business has the unfortunate distinction of being the sector that was slammed first and hardest, Colin Smyth , head of travel at payments platform Flywire , told Karen Webster in a recent conversation.

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South State Correspondent

JULY 12, 2023

Next week, FedNow goes live, ushering in the next era of faster payments. FedNow joins The Clearing House, which has offered real-time payments (RTP ® ) for the last five years. Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank.

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PYMNTS

JANUARY 27, 2021

26) compiling and analyzing data elicited from 6,000 restaurant operators and 1,000 adult consumers. The report looks at sales expectations for the coming year, operational changes in the industry, consumer behavior, menu trends, employment statistics and more.

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PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. A Payments Culture Shift. It’s the culture that is changing.”.

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PYMNTS

DECEMBER 15, 2020

Paper-based payment processes are slow and costly, and tend to exacerbate existing payment pain points when collecting receivables. This shift is particularly apparent among businesses in technology, healthcare and construction industries. Manually running customer credit checks is a pain point for 38.9

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PYMNTS

JANUARY 20, 2020

The rumors about hand-based payments out of Amazon have been building for the last few months. In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment.

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PYMNTS

SEPTEMBER 29, 2020

Filipino online payments platform PayMongo has come off a funding round with $12 million, according to a press release. The growth was driven by the COVID-19 pandemic and the ensuing transition to more digital shopping and payments. The company launched in 2019 and had a seed round then for $2.7

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PYMNTS

MAY 18, 2020

Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.-based

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PYMNTS

OCTOBER 5, 2020

The great digital shift is upending B2B payments , pushing them away from the age-old reliance paper checks toward digital options. The walls are coming down between accounts receivables and payables between buyers and suppliers in a $120 trillion global commercials payments market. Beyond The Safety Factor .

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PYMNTS

SEPTEMBER 22, 2020

According to Blue Star Capital , its investee company SatoshiPay has launched a new B2B payments platform to speed up cross-border payments, Proactive reported. The system will integrate currency exchange into every transaction, enabling customers to track payments in real time.

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Perficient

FEBRUARY 27, 2023

The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.

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North Carolina Charlotte Payments US 275

Perficient

AUGUST 4, 2024

In today’s rapidly evolving digital landscape, financial services organizations are increasingly relying on cutting-edge technologies to stay competitive and deliver exceptional services to their clients. This connectivity enhances interoperability, allowing for streamlined operations and improved data flow across various platforms.

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Industry Compliance Examples Risk Management 467

PYMNTS

DECEMBER 9, 2020

In payments, speed is everything. The conversation came against a backdrop where, at a high level, B2B payments account for $120 trillion globally on an annual basis. Faster payments schemes also number more than 50 and counting. In payments, speed is everything. Riding The Rails.

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PYMNTS

DECEMBER 31, 2020

That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified. The other is technological innovation. The payments ecosystem, of course, is not and will not be immune to the seismic impact and aftershocks of the coronavirus.

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PYMNTS

AUGUST 13, 2020

Ariff Kassam , chief technology officer at NuoDB , spoke with PYMNTS about how firms can avoid some of these traps to ensure they can realize the operational, security and cost benefits that migrating away from in-house data storage can bring to their payment operations.

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PYMNTS

SEPTEMBER 29, 2020

Mastercard and ACI Worldwide are teaming up to “provide a wide range of real-time payment solutions globally.” This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. ACI is a payment-systems company headquartered in Naples, Fla.

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PYMNTS

OCTOBER 15, 2020

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. That’s strong growth for something that is a mature payment product,” said Larimer.

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PYMNTS

JUNE 19, 2020

Universality is, well, universally, desired in business — particularly when it comes to technology and especially when it comes to person-to-person (P2P) payments. The operative model here is the platform, where a universal payment ID would ostensibly make sending money as easy as sending emails.

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South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

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Technology Customer Experience Data Training 195

PYMNTS

JANUARY 1, 2020

While one might assume that a payments revolution would be a hard thing to miss, as it turns out, it can happen. We don’t need to build new technology to do that. The technology is already here. In much of Africa, the payment standard when dealing with delivery items — food from Uber Eats, for example, is cash on delivery.

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