From insurance companies to financial services firms to ridesharing platform providers, over the course of the past month, companies in a wide range of industries are turning to faster disbursement methods to meet consumers’ demand for speed. That has meant moving away from legacy payment...
Filling out an insurance claim is typically preceded by an unfortunate and unexpected event like an illness, injury, accident, crime or natural disaster. That setback often means consumers want and expect access to their insurance claims payouts as soon as possible. After all, the sooner...
As if accidents and disasters aren’t bad enough, handling the ensuing insurances claims can in itself become lengthy debacles. Underscoring that process, or seeming lack thereof, is the fact that over 65 percent of insurance payments are still made via paper checks. In the latest...
For businesses, slow payments are more than a simple headache. When payments are not delivered on time, they can harm a company’s finances and can put a strain on business relationships. Given the stakes, it’s little wonder why real-time disbursements technology is gaining popularity in...
In the aftermath of an accident or loss, filling out an insurance claim is never an enjoyable experience. However, when that time comes, consumers want, and expect, to be able to access their funds quickly so they can afford to pay for recovery and repairs —...
Banks have evolved beyond the teller, beyond the branch, beyond the face-to-face that comes with the traditional financial services model. They have also had to evolve beyond the portal, and beyond borders. The age of instant payouts may be upon us. And in an interview...
Health insurance is something most consumers hope they never have to use, but when they do run into healthcare costs following medical treatment, they expect that their insurance payouts will come quickly, to pay for the care they need to get back in top condition....
Forty-four percent of employees say they’ve been paid late due to issues arising from manual payroll processing and other discrepancies. In latest Disbursements Tracker, PYMNTS explores how digital disbursement tools are putting a new (fast and daily) spin on payroll. Plus, Travis Holoway, CEO of...
When payday comes, employees expect to have easy access to their wages. If the money doesn’t arrive on time, relationships can often be frayed, leading to high employee turnover and other problems, all due to that long wait for promised funds to become available. However,...
