We know you’re not looking for problems. But they are looking for you. Here’s our annual catalog of the ones causing the most headaches. If adversity breeds strength, as the old saying goes, then payments professionals may have plenty of opportunity to develop their strategic and tactical biceps. The industry …

With potential regulation of credit card interchange looming and with the unwavering demand from merchants for lower card-acceptance costs, the possibility that interchange as it’s known today may dramatically change can’t be entirely dismissed—but don’t count on its demise. That was the conclusion at the Money 20/20 trade show this …

Embedded payments are quickly becoming table stakes as developers look to expand their reach to merchants and small businesses. It’s no wonder embedded payments are quickly moving into the mainstream. After all, small and mid-size businesses are increasingly looking to deliver better and better experiences for for customers within their …

Juliet Capulet sent me an e-mail recently to offer me a marketing list for a conference that has nothing to do with payments. I’m no gentleman of Verona, but I definitely recognize the Capulet name. However, I don’t think Juliet is real. The e-mail’s stilted wording, the mismatch of the …

The world of global payments is undergoing major changes as new technologies and players enter the payment space. While banks and financial institutions have historically dominated international payments, we are seeing new innovations and non-traditional competitors redefine how money moves across the globe. In recent years, the entire payments chain …

The United States Treasury Department has selected J.P. Morgan to provide account-validation services to federal-government agencies when they disburse funds to consumers. Under the terms of the five-year contract, which was awarded after a competitive selection process, the banking giant will validate the accounts of consumers receiving payments from federal …

Most bankers know that today’s payments are broken. From keeping pace with evolving customer experiences, to navigating the changing regulatory environment, to overcoming competitive threats from nonbanks, many have become so frustrated they are debating whether to abandon some in-house payments channels entirely. Consumers, too, are becoming frustrated with the …

Consumers have come to expect an electronic payment to happen in seconds with zero or few errors, but for organizations the situation is a little more fraught. At least that’s the feedback from a new report, “The State of Payment Operations 2023,” from Modern Treasury Corp., a payments and financial …

ACI Worldwide Inc. said it will work with Microsoft Corp. to make its Real-Time Payments Cloud available in Microsoft Azure, enabling financial institutions access to The Clearing House Payments Co. LLC’s Real Time Payments network and the Federal Reserve’s FedNow real-time payments service. Treasury Prime, an embedded-banking technology provider, said it …

Nearly 90% of financial-institution clients predict 5% or more of cross-border market share will be forfeited to fintechs within the next 10 years, according to a study from Citicorp that canvassed more than 100 financial-institution clients. Why is this important?  “The Bank of England estimates that the value of cross-border payments is …