Payments News

On The Web

nbsp;

Domains

Why the Business-to-Consumer Payout Market Is a Hot Payments Niche

“Boston-based Aite estimated the size of this payout market in the United States at $10.7 trillion in 2018 on 3.5 billion transactions. The dollar value of disbursements to consumers over age 18 grew 78% from 2014-18. Based on a 2018 survey of 2,538 Americans, Aite estimated that 68% of consumers received funds disbursements via direct […]
nbsp;

Domains

Why Is Citigroup Launching a B2C Payments Platform?

“Citi’s new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. This will expand its product portfolios within its mainstay business-to-business (B2B) payment offerings.”

On The Wires

nbsp;

Domains

BofA Advances Global B2C Payments With “Recipient Select”

“Bank of America has launched a new solution, which enables companies with frequent payments to consumers to provide their beneficiaries with the ability to choose how they want to be paid. Called Recipient Select, the solution addresses complexities that companies grapple with related to the growth of business-to-consumer payments, including the proliferation of consumer payment options […]
nbsp;

Domains

PNC Treasury Management Launches Business-to-Consumer Payment Capability

“PNC Treasury Management today announced it has expanded its payment offerings by adding push-to-debit card capabilities, called Direct to Debit Card. This addition to PNC’s payment ecosystem provides businesses with the option to send consumers payments 24/7, 365 days a year through an eligible debit card…Built through a collaboration between PNC and Visa, through Visa’s […]
nbsp;

Domains

ACI Worldwide and BMO Drive B2C With Zelle

“ACI’s UP Real-Time Payments solution provides BMO with connectivity to real-time payment networks from a single hub, which allows the bank to deliver faster and more efficient payment experiences for customers. In addition, BMO has also deployed Zelle, which allows businesses to capitalize on real-time B2C payments using a consumer’s email address or U.S. mobile […]
nbsp;

Domains

Benekiva Simplifies and Speeds Life Insurance Claim Payments for Insurers and Beneficiaries with Digital Technology from Fiserv

“Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, announced today that insurance technology startup Benekiva has added digital payment capabilities to their software as a service (SaaS) platform for life insurance companies. With this addition Benekiva has enabled a completely digital claims process, driving efficiency for insurers and significantly reducing the time to transfer […]