Unified corporate payments: How banks can win corporate clients with seamless service

On this page Corporate banking is undergoing digital transformation as clients demand faster, simpler, and more integrated services. One critical area of opportunity is corporate payments. Traditionally, companies have navigated a maze of payment types: domestic ACH, international wires via SWIFT, regional systems like SEPA, emerging real-time payments, and more.

The need to democratize AI

The rise of artificial intelligence (AI) has brought about significant advancements across various sectors, including fraud. New and more complex cybersecurity threats have emerged, leading to phishing, vishing, account takeovers (ATO), synthetic identity fraud, and more.

A call for urgency: The payment industry’s compounding complexity conundrum

The payments industry is transforming at breakneck speed, from the emergence of new payment types to the increasing utilization of innovative technologies. These changes are causing a rise in complexity when managing payment operations. This compounding complexity is now reaching a fevered pitch, so much so that industry analyst firms are calling for immediate action and are looking at new pathways to address increasing market demands.

The evolution of payments: When size, speed, and change collide

The payments industry is the largest interconnected complex business on the planet. We can validate that statement in a myriad of ways – the sheer number of people and businesses transacting, the number of transactions themselves, or the total dollar value of those transactions, which are expected to exceed $3.

The payment industry has three Rs: Rules, requirements, and regulations

Every child entering primary school learns about the three Rs: reading, writing, and arithmetic. All three are essential for survival in society. The payments market has its own set of three Rs: rules, requirements, and regulations.

The invisible synthetic identity heist

In the digital marketplace, convenience is king. Consumers expect seamless transactions, often unaware of the intricate security measures that protect their identities and finances. Behind the scenes, merchants combat fraudulent activities tirelessly to safeguard their customers and their reputations.

ISO 20022 – Expanding like no tomorrow

ISO 20022 is a messaging standard used across the financial industry.  In the domestic Real-Time Gross Settlement (RTGS)/Wire and cross-border payment spaces, transformation to the most recent ISO 20022 (HVPS+ and CBPR+) messaging standards has been ongoing since 2022. The North America Clearing House CHIPS wire system migrated in April 2024, and the U.S. Federal Reserve will update its Fedwire system in March 2025. It is important to note that everyone has been starting with an ISO 20022 standard.

APP Frauds & mandatory reimbursement: What it means for you

Authorized push payment (APP) fraud is a scam in which a fraudster convinces a payer to authorize a payment under false pretenses. APP fraud is a form of confidence-based fraud, meaning it relies on deception, rather than brute force, to convince victims to take a specific action.

Real-Time Payments Have Gone Mainstream – Explore Their Global Impact

Real-time payments are carving a new norm in the rapidly evolving payments landscape. Spurred by global governments and regulators, instant payments are viewed as a catalyst for economic growth, financial inclusivity, and transparency.

Factoring in the safety switch with Confirmation of Payee

In a world where everything is digital-first, financial institutions are setting new standards in shielding their customers and revenue, while at the same time protecting the payments security and convenience paramount to achieving customer excellence and building a good reputation.

Banks are overwhelmed by payments data. Does unified processing offer a lifeline?

The volume of payments data available to banks today has surged almost to the point of overwhelm: it has created as many operational challenges as it has growth opportunities.

Unified payments processing is the solution to banks’ crushing compliance burden

Surging digital payment volumes and related compliance demands are heaping pressure on banks to scale their processing capacity and optimize operations.