Payments News

On The Web

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Switzerland gets ready for QR bill payments

“The QR-bill will contain a digitally readable QR code holding all the data for a payment, streamlining the processing of bills and credit transfers for companies, government bodies, non-profits and consumers. Companies will be able to print the QR-bill themselves and the bill recipient can trigger payment with just a few clicks on a smartphone. Incorrect […]
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Wells Fargo Customers Use Debit/Prepaid Cards More Than Any Other U.S. Issuer

"Wells Fargo & Company (NYSE:WFC) announced today that, for the first time, its customers are now the country’s largest users of debit and prepaid cards by purchase volume, according to 2016 data issued by The Nilson Report. The new ranking, released in The Nilson Report’s April 18, 2017 issue, shows Wells Fargo customers used their debit and prepaid cards to purchase more than $306 billion in goods and services in 2016."
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Customer-centric Bill Pay by Mike Kresse

“Consumers shouldn’t bear the burden of figuring out complicated banking applications and jargon to pay their bills. This includes navigating through multiple screens to move their money. It’s time to reinvent bill paying and, according to a recent report from Javelin, financial institutions are in the best position to do just that. Consumers need banking applications […]
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In Payments, What I Say May Not Match What I Do

“By number, U.S. consumers report paying 4 in 10 bills by electronic means—for example, by using their online banking bill pay function or providing a bank account number at a biller’s website. By dollar value, the practice of using electronic transactions to pay bills is also prevalent: about half of bill payments by dollar value […]
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On The Wires

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Cvent Announces Global Strategic Alliance with Citi Commercial Cards

“Cvent, Inc., a market leader in meetings, events and hospitality technology, today announced a strategic alliance with Citi®, the largest global issuer of self-owned and managed corporate cards, servicing more than 100 countries. By leveraging Citi’s global network and leadership in Commercial Cards, this alliance offers Cvent users and Citi clients a simplified payment path […]
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Plastiq Adds Expedited Check Delivery to its Accelerated Payments Suite

“As the newest addition to the Accelerated Payments Suite, expedited check payment on the Plastiq platform offers a convenient and flexible way for customers to maximize their credit line. Customers simply schedule the payment and choose expedited delivery in order to guarantee delivery within two business days. Plastiq accepts the customer’s payment by credit card […]
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