Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will begin in April 2025, allowing consumers, businesses and governments to use Visa Direct to deposit money to bank accounts linked...
Worldpay introduced what it called a “first-of-its-kind service” capable of delivering near-instant refunds. The refunds — the speed of which depends on the receiving financial institution — are designed to help close the gap between consumer expectations and merchant capabilities, the company said in a...
Digital bank PicPay is offering access to Brazil’s Pix instant payment system via WhatsApp. The new artificial intelligence (AI)-powered offering, announced Monday (Nov. 11), is made possible by PicPay’s partnerships with WhatsApp owner Meta and Microsoft. “Unlike traditional chatbot assistants, PicPay’s GenAI, developed in-house and powered by Microsoft...
From vendor pay to gig workers, enterprises are merging into the fast lane for payments. And as enterprises adopt models that rely on agile, ad hoc transactions, instant payments, once considered an option for specific payment scenarios, are now emerging as a central pillar of...
The last thing that a merchant wants is to see a consumer or business customer go through the process of identifying the product or service that they want and get to the finish line, only to abandon the transaction. The key to avoiding such a...
Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments rose 38.8%. Those increases brought the number of Same Day ACH payments in the third quarter to 355.2 million and...
Digital banking solutions company Tyfone has formed Payfinia, a new entity centered around instant payments. The new venture relies on Tyfone’s digital banking user experience expertise, developed through its Instant Payment Xchange (IPX), a money movement gateway to the FedNow Service, the company said in a Tuesday...
Temporary staffing platform Indeed Flex launched a partnership with workforce payments company Branch. Via the collaboration, the companies are offering Same Day Pay, which lets Flex users get up to half their earnings within an hour after finishing a shift, according to a Monday (Sept....
Fiat-cryptocurrency payment gateway Alchemy Pay’s Virtual Card now supports Google Pay, enabling users to pair the card with that digital payment platform. By adding the crypto card to Google Pay, users can make payments for everyday transactions more quickly and securely, Alchemy Pay said in...
