Payments

December 6-8, 2017 Between changing customer behavior, the debut of new payment technologies and the influx of nimble fintech participants, traditional banks are starting to lose their stronghold on the payments ecosystem.If recent changes to the payments industry are setting off red flags within your FI, you’re not alone. Yet a recent study from the American Bankers Association found that 87% of banks do not have a formalized payments strategy. In response to market demand, PaymentsSource has created the Payments Strategy Bootcamp. This three-day web seminar series is intended to help entire teams develop better payments products, collaborate with fintechs, improve payments infrastructure and develop a comprehensive payments strategy.

Following an antitrust review that lasted almost a year, the approval would appear to cement The Clearing House's status as the front-runner in a race to modernize the U.S. payments system.

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

Dubbed Intelligent Receivables and created in partnership with a fintech company called HighRadius, the service seeks to help companies match incoming payments with invoices.

Business customers are demanding technology that's as good as what they use in their personal lives.

Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.

Push Payments' Travis Dulaney discusses the Fed task force report; Brian Roemmele talks voice pay.

A task force convened by the Federal Reserve released its evaluations last week of 16 proposals to build a faster U.S. payment system. What follows is a brief look at some of the plans that received high marks.