vopayblog

In recent years open banking has become associated with the digitization and transformation of the financial services sector. New regulations have been one of the major drivers, starting in Europe before quickly spreading around the

Our friends at Plaid recently published "The Fintech Effect" report after conducting a survey of Americans that looked at how financial technology has helped them get through the COVID-19 pandemic. You can view the full

Payment speed has never been more top of mind or important than now. In a recent PayPal survey, it found that 76% of small businesses in the U.S. have reported they are struggling with cash-flow

As the pandemic continues so does the financial and operational stress for small business owners across North America. Businesses are turning to digital payment solutions to improve cash flow and modernize their payment systems. Let's

The numbers below make it clear there is still a significant opportunity to optimize the entire accounts payable process. From eliminating paper invoices to paper checks, the urgency to shift to a paperless back office

We looked the 8 most common payment methods used in Canada. Cheque and EFT payment values clearly eclipses all other payment methods by a significant margin. These numbers are mainly driven by account to account

This month the Bank of Canada designated Interac e‑Transfer as a prominent payment system which means the payment service will now be regulated by the Bank of Canada and highlights the importance of digital payments

EFT and bulk e-Transfer payments are both ways for business to seamlessly send money to customers and manage accounts payable. We decided to put the two payment services side by side for comparison. Which one

In a recent infographic we looked at some of the open banking gains seen around the world including an expected growth rate of 24.4% by 2026 reaching $43.1 billion in value. Lets look at North

Significant pain points persist with business payments but with continued growth in open banking adoption more business then ever are realizing the benefits of embracing the technology. Open banking is projected to have continued growth