Businesses and government institutions are adapting to instant payments as more consumers are requesting them. The latest PYMNTS Disbursement Satisfaction Report revealed that more than 24 percent of government disbursements were made through instant rails in 2019. Paper checks still dominate in some areas, however,...
Plaintiffs can sometimes wait years for legal settlements to be decided, then even longer for the paper check to arrive in the mail. That’s despite the availability and security offered by digital disbursement tools. In the latest Disbursements Tracker, PYMNTS spoke with Joshua Browder, founder...
Checks are continuing their fall from grace, but instant payments still have not risen to take the disbursements crown quite yet. The two payment methods are meeting somewhere in the middle, with check disbursements still common enough that they cannot be ignored. Both consumers and...
For the person on the receiving side of an instant payment, there isn’t a lot of selling that has to happen because the concept of getting one’s money faster more or less sells itself. That’s a story the numbers more or less tell over and over,...
Drafting, applying and being approved for loans can be complicated and drawn out processes for consumers and business owners alike. Borrowers must often complete hefty amounts of paperwork before they are approved, and payments disbursed via paper checks can add delays. Lenders are under more...
Meeting consumer demand for faster disbursements can help lenders differentiate themselves within a sea of competition, but faster access cannot come at the speed of security. In the latest Disbursements Tracker, Paul Gu, co-founder and head of product for online lender Upstart tells PYMNTS how...
More consumers want faster disbursements through digital channels for more complex financial transactions, and they want that functionality available now. Merchants and disbursements providers need to innovate quickly to stand up against their competitors, many of which are smaller FinTechs or startups that can capitalize...
Everyone loves to get paid, but no one likes waiting to get paid. Waiting for checks to arrive in the mail, or for bank deposits to process, can be frustrating — especially for consumers struggling to make ends meet between paychecks. It is no wonder...
Instant payments have use cases ranging from quickly paying gig workers for services rendered to refunding a shopper returning a purchase to speeding up insurance payouts and online rebates. Online rewards and rebates are as popular as ever, so why do paper payout checks still...
