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August 30, 2021

On the wires

VPay Survey Reveals That Vast Majority of Property and Casualty Insurers Still Process 50% of Claim Payments Via Paper

“Key findings reveal that nearly all P&C insurers have adopted some form of digital payment, although 50% of B2C and B2B payments are still processed on paper…P&C insurers overwhelmingly agreed that speed of payment was important to customer satisfaction, with 87% reporting that real-time claim payment is critical or very important.”

July 29, 2021

On the wires

PayU Partners With Visa to Enable Push Payments for Businesses in Europe | PayU Global

“PayU, an online payment service provider for emerging markets operating on four continents, announced that it will enable push payments in partnership with Visa, a global leader in digital payments. PayU is launching the Card Push service to provide businesses with quick, simple and efficient payments to end points. Thanks to Visa Direct, a real-time push payments platform*, businesses using PayU Card Push will be able to instantly transfer money to a bank account linked to a Visa card.”

October 9, 2019

On the wires

Intuit QuickBooks and Visa Enable Real-Time Access to Funds Anytime, Anywhere for Small Businesses

“Cash flow is one of the most significant challenges facing a small business’ growth. In fact, 69% of small business owners have been kept up at night about issues related to cash flow and 61% of businesses have regular issues with cash flow1. In an effort to continue to solve cash flow issues for small business owners, Intuit Inc. (Nasdaq: INTU) QuickBooks today announced Instant Deposit , a new feature that enables real-time2 disbursements for small business owners using QuickBooks Payments to directly access funds with their eligible debit card using Visa Direct, Visa’s (NYSE: V) real-time3 push payments solution.”

February 5, 2019

On the web

December 13, 2018

On the wires

Ingo Money QuickConnect Maximizes Visa Direct Integration for Push-to-Card Payments

“Instant money company Ingo Money today launched Ingo Money QuickConnect, a new turnkey solution that allows any company issuing disbursements to customers to quickly and easily begin offering push-to-card payments through Visa Direct. Designed to help merchants, corporations, banks and others accelerate the deployment of Visa Direct-powered real-time corporate disbursements, the new solution includes: bank sponsorship, user authentication and account verification tools, intelligent payment routing, and more.”

October 25, 2018

On the web

Workers in Japan to be able to receive salaries via smartphones

Nikkei Asian Review

“Japan plans to let businesses pay their employees with electronic money, such as via smartphone apps or payroll cards, a move expected to help foreign workers who lack bank accounts. The Ministry of Health, Labor and Welfare will make the necessary legal amendments as soon as next year, pushing the country one step further into the cashless age.”

May 3, 2018

On the web

Beyond P2P: As Rival Venmo Moves In-Store, Zelle Eyes a Big Move on Disbursements

Digital Transactions News

“Of the more than 100 financial institutions that have joined Zelle, seven have so far signed up for business-to-consumer payment processing, including banking behemoth Bank of America Corp. Among organizations using the service are Allstate Insurance Co. and the American Red Cross. Zelle, which is operated by the bank-owned, Scottsdale, Ariz.-based Early Warning Services LLC, has not disclosed how many organizations have signed up.”

March 29, 2018

Top Post

HSBC to offer Paypal as global disbursement option for corporate clients

Finextra

“PayPal’s strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers. The HSBC disbursements business already allows customers to reach beneficiaries globally in 136 currencies through domestic and international payment schemes while also enabling the status of payments to be tracked online. “

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