A look inside the Fed’s Faster Payments task force recommendations, Bitcoin saved from the split, Klarna picks up more cash.

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July 24, 2017

Payments as a Service Tracker™

NEW REPORT: Getting SMBs Ready, Set, And Going On Mobile Order-Ahead
 

In the age of instant downloads and prime delivery, speed is king. But can small businesses take a run at the throne? In the latest PYMNTS.com Payments as a Service Tracker™, Jean-François Noël, CEO of FANS Entertainment, discusses how even the smallest of SMBs can adopt mobile ordering technology, cut wait times and compete with business royalty. Find that, plus headlines and rankings of 87 PaaS players, inside the Tracker.

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Digital Payments

Alipay President On Cashless Cities And Crossing Borders
 

Alipay’s Cashless Cities Week program is a week away. But this seven-day campaign only scratches the surface of the impact of digital payments on the lives of Chinese consumers, particularly as those consumers move outside of China to the U.S. and other foreign cities, Souheil Badran, Alipay’s president of North America, told Karen Webster. The real purpose of the Cashless Cities program? To put a digital face to the sea change that marks the Chinese consumer’s buying behavior, one that’s also worth tens of billions of dollars from the millions of Chinese tourists who flock to cities all over the world to work, shop and vacation.
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Fiserv

Fiserv Goes Direct With Disbursements
 

Corporate disbursements is a tale of two scenarios, Paul Diegelman, VP of business development & partnerships at Fiserv, tells Karen Webster. One which takes analog companies digital and one that meets digital companies where they already operate. Diegelman says, that means two different ways to skin that corporate disbursements cat, lessons, Fiserv has learned over the last four years of fine-tuning and scaling their disbursements model.

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Faster Payments

What’s Fast And Slow And Read All Over?
 

The Federal Reserve Faster Payments Task Force released its 64-page report outlining ten recommendations for making payments in the U.S. faster, ubiquitous, safer and interoperable. Three hundred people put a lot of hard work into creating a framework for payments that Karen Webster said in principle sounds not all that different than what we have in place today. With one exception — it comes with the Fed having a seat at the table — and maybe even the seat. So why again, do we need an entirely new payments system run by the regulator whose last innovation was …..? Webster says we probably don’t.

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