Foundational changes in payments — the emergence of fintechs, a mobile-first approach by consumers, and the digitization of payment methods — are altering vital relationships in the industry. Two thousand twenty may be the year that many of the underlying changes various payments players have made in the last few …

What’s keeping you up at night? If you said nothing, you’re lucky. Here’s a list of the biggest issues troubling most payments executives today. We live in a world full of tribulation and turbulence, and the payments business is no exception. Herewith, we offer our annual catalog of the 10 …

With The Clearing House Payments Co. operating a real-time payments network and the Federal Reserve planning one for no later than 2024, payments companies are looking at slices of the market for opportunities in instant money movement. And these niche plays aren’t just the province of the country’s biggest banks. …

Tech behemoths Google, Amazon, and Apple, goliath retailers Walmart and Target, and PayPal, all support the Federal Reserve providing faster payments via its FedNow service, slated for introduction by 2024. Each of them, however, would howl in protest if Washington proposed competing with their business or helping would-be competitors. Fearing The Clearing …

The Fed has amassed enormous—in practice, unaccountable—power, and taken roles natural to government and to the private sector. It’s the central bank, paramount financial-system regulator, and a payments operator. It shouldn’t, however, undertake activities better and naturally performed in the private sphere.  The latest example: On its own prerogative, the …

Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and …

Speedier funding of merchant accounts has become a key part of the faster-payments trend as sellers seek ways to gain a competitive edge, and on Tuesday JPMorgan Chase & Co. entered the fray with a same-day deposit service for merchants that bank with Chase. The new service, which is being …

Now that the Fed’s so-called public option is no longer a matter of speculation, the race is on to dominate a crucial payments market. But in real-time transactions, will the race go to the swift? After 10 months of playing it coy, the Federal Reserve early last month finally jumped …

With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon (more on this in “The New Reality in Real-Time Payments,” this issue). But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal last month …

The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …