Payments News

On The Web

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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.”
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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 […]

On The Wires

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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 […]
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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 […]