Trash — often dismissed as a gritty, behind-the-scenes operation — is going digital. It is arriving in good company. Traditionally, waste management involved cash-heavy transactions. Independent truckers and small business owners frequently received cash payments for hauling loads of construction debris, scrap metal, or even...
Industrial sectors have been feeling the weight of a slow-moving, high-friction procurement process for decades. Endless supplier coordination, manual paperwork, lengthy wait times, and the countless resources spent sunk in back-and-forths with salespeople have turned what should be simple transactions into logistical nightmares for businesses. Take...
Although pay by bank is a relatively new offering, it is creating buzz in the business community. Executives see it as a potentially cost-effective payment method and recognize its benefits, such as improved data protection. However, concerns about implementation costs remain one factor limiting...
Unexpected charges are a reality that 30% of consumers experienced in just the last 12 months. These charges could include either outright fraud or some level of ambiguity. For example, a cardholder may not recognize the charge amount or merchant. Providing clarity on such...
Truist debuted a billing payment solution for its wholesale payments clients. The bank’s Electronic Bill Presentment and Payment platform is designed to modernize payment management for these customers, according to a Friday (Oct. 18) press release. “As payers increasingly expect digital payment channels, businesses need...
Visa is teaming with littlefish, an omnichannel platform that helps financial institutions serve small businesses. The partnership will support micro, small and medium-sized businesses (MSMEs) across Africa by streamlining their in-store and online digital experiences, the companies said Thursday (Oct. 17) in a news release...
Pay by bank is a new payment method that is carving out a niche in the consumer payments space. Incentives may be the hook needed to draw in new customers. Certain consumers — particularly Gen Z, high-income individuals, or consumers already interested in this...
From the state taxing authorities to the state administrators who disburse federal funds to the local utility companies, state and local governments distribute trillions of disbursements every year to their citizens. But paper checks still abound, and the overwhelming majority of those citizens rate their...
Swift wants to let banks test tokenized transactions on its global messaging network. Beginning next year, financial institutions (FIs) will be able to carry out pilot transactions for settling digital assets and currencies, Swift announced Thursday (Oct. 3), in hopes of demonstrating how FIs can...
