Together, instant payments and an electronic delivery network – known as an exchange framework – present a significant opportunity for businesses to increase the speed and efficiency of electronic B2B payments.
The Business Payments Coalition’s E-invoice Exchange Market Pilot is challenging the status quo of inefficient business-to-business (B2B) payments by developing a virtual network to enable businesses to share electronic invoices (e-invoices) with one another. Learn more about industry progress from the successful completion of wave one and the goals for wave two.
Accredited Standards Committee X9’s ISO® 20022 Market Practices Forum recently released the ISO 20022 Remittance Content Market Guide to clarify what ISO 20022 remittance information to use with business-to-business (B2B) payments. Learn more about the guide and why it matters.
The FraudClassifier(SM) model was released in June 2020 to help organizations speak the same fraud language and obtain a holistic picture of fraud involving payments. Explore a new video for a comprehensive overview of the model, including a step-by-step walk-through of its classification paths and supporting definitions.
The annual Chicago Payments Symposium focused on “Activating Next Gen Use Cases,” including global innovations in faster and instant payments, digital currency, new financial technologies and the importance of financial inclusion.
The Federal Reserve recently released its 2019 Survey of Consumer Payment Choice, the 12th in a series of annual studies that provide a comprehensive understanding of how U.S. consumers make payments.
Beginning a new role can be a stressful transition during the best of times. Taking the reins as executive director of the U.S. Faster Payments Council (FPC) in the midst of a global health crisis adds another layer of complication.