Payment processing

Each major disaster is a real-world testing ground for payments technology, but it can also be a stark reminder of the limits of these advancements.

It all comes down to convenience. New payment apps, like Venmo, and widely adopted mobile wallets, such as Apple Pay and Alipay, have made the consumer payment experience incredibly convenient, writes Ralph Dangelmaier, CEO of BlueSnap.

Payments technology and fleet card provider WEX has partnered with Troovo, an Australian software developer, to streamline virtual card payments in the Asia-Pacific region via robotic processing.

PayPal's new Funds Now service should be the norm, according to the company, which will provide immediate funds access to small businesses in good standing.

The Society for Worldwide Interbank Financial Telecommunication says a pre-validation system it will launch soon to catch payment message mistakes prior to dispatch should increase the number of payments reaching beneficiaries in less than 30 seconds.

Governments should collaborate and work with society, the private sector, and academia to overcome current regulatory challenges to co-develop policies at the pace of technology, writes Manuel Martin, CEO and co-founder of Orvium.

Blockchains and other distributed ledgers are being applied to almost all businesses as a concept, but have had a tough time in ecosystems built on siloed data and complex technology.

The popularity of technology-driven international transactions are making their way to TransferWise's balance sheet.

Businesses without the substantial resources of a Danske Bank are sitting ducks for even more esoteric scams, like transaction laundering, writes Ron Teicher, CEO of EverCompliant.

New architecture for real-time payments went live in recent months in key global markets, expanding B2B payment options for financial institutions and their corporate customers.