Children of Restaurant Employees (CORE), which offers help to families in the restaurant service industry, has teamed with Blackhawk Network to harness prepaid cards for grant disbursements. The tie-up lets CORE contend with the heightened demand for relief without making compromises to its service levels,...
The pandemic’s onset made routine ways of conducting daily business challenging for merchants, consumers and their payment partners alike, and the impacts linger one year into the crisis. All three parties moved swiftly to adjust to this new reality, with 76 percent of businesses in...
The ongoing pandemic has led to tumult in multiple areas for consumers, who are now seeking ways to smooth their cash flow and receive funds as quickly as possible. The pandemic has also indelibly altered how consumers expect to send and receive their money —...
It has been a year since the pandemic’s arrival prompted widespread changes to how consumers, merchants, payment providers and financial institutions (FIs) interact and move their money. The financial ecosystem in place when 2020 began has been replaced by one in which digital disbursements are...
Pandemic-driven shifts in consumer needs have prompted players in the global financial sector to take a second look at how they are managing payments. What has come into focus is that U.S. banks, businesses and even government entities still lean heavily on outdated legacy methods...
More than 70 percent of Swedes use the country’s mobile payments service, Swish. But markets eyeing the nation’s model as a blueprint for their instant payments plans must ensure that banks', FinTechs' and other payment players' innovation goals are in lockstep to make instant payments...
The global payments ecosystem is still in flux after a year of rapid changes caused by the pandemic, and instant payments are becoming more intriguing to consumers around the globe. One PYMNTS study found that 59 percent of United States consumers would use instant payments...
Throughout 2020, PYMNTS research found deeply-held sentiments among microbusinesses and consumers about transaction efficiency. We learned about the cash flow crisis and the existential threat it continues to pose to businesses even now. With this in mind, PYMNTS January 2021 Disbursements Satisfaction Playbook, an Ingo...
The last year brought about a perfect storm of economic and transactional challenges for microbusinesses and consumers. Establishing frictionless disbursement flows between vendors, consumers and payors became more critical than ever as offline sales evaporated and the volume of online transactions rose rapidly. All entities...
