The Chicago Payments Forum met for networking and 2020 event planning Feb. 18 to catch up on the state of the business in 2020 so far. Bottom line: it's a busy start to what's shaping up to be a busy year both for the work payments professionals in all sectors are doing and in new technologies and deals in the industry as a whole. We are planning to host several startups and … [Read more...] about Chicago Payments Forum Networks, Plans 2020 Events
Payments
Stripe Mounts B2B Payments Tech Ad Campaign in Chicago
Stripe, the software platform for adding payments capabilities to ecommerce stores, is advertising throughout Chicago's financial district on both street ad kiosks and Chicago Transit Authority El train platforms. It's the first B2B payments advertising I've seen outside of a payments or FinTech conference. Last summer, consumer-oriented payments and FinTech firms took to … [Read more...] about Stripe Mounts B2B Payments Tech Ad Campaign in Chicago
Canright Comment on FedNow Realtime Payments Proposal
The Board of Governors of the Federal Reserve System sought comment on the proposal "to develop a new interbank 24x7x365 real-time gross settlement service with integrated clearing functionality to support faster payments in the United States," called FedNow. My comment follows. It's posted along with nearly 200 others on the Board of Governor's website. COMMENT Federal … [Read more...] about Canright Comment on FedNow Realtime Payments Proposal
Retail Payments at the Point of Sale
This is what retail payments at the point of sale really look like: … [Read more...] about Retail Payments at the Point of Sale
Making Money Move Faster in the United States
Moving money faster remains a persistent challenge in the United States. Consumers continue their wary adoption of mobile payments; cards remain the primary payment method of choice at the point of sale, and cash in circulation continues to grow faster than U.S. gross domestic product. Corporations, for their part, still prefer checks. The situation is changing, and it’s a … [Read more...] about Making Money Move Faster in the United States
NACHA Promotes Blockchain-Backed B2B Payments Directory
B2B payments have historically caused problems in the financial services industry. Vendor onboarding, keeping current payment information, and ensuring the proper remittance are massive, time-consuming tasks that are only growing more complicated as real-time payments become a bigger factor. NACHA, through their October 1 acquisition of the Business Payments Directory … [Read more...] about NACHA Promotes Blockchain-Backed B2B Payments Directory