Instant payments are finding firm footing as way to get insurance claims paid out quickly. In the Insurance Disbursements Brief 2022, a PYMNTS and Ingo Money report, more than 2,400 consumers weighed in on the ways in which they’d want to be get their insurance...
Finzly now enables developers at platforms, FinTechs and financial institutions to access the FedNow Service. The banking and payment technology firm, which is a pilot participant in the FedNow Service, said in a Wednesday (Feb. 8) press release that it has launched an application programming...
Legalized sports betting means wagers on this year’s big game could be bigger than ever. “With the expansion of legal sports betting, traditional Super Bowl wagers are expected to pass casual wagers for the first time ever,” the American Gaming Association (AGA) said in a...
Payroll delay is rampant among the American workforce, especially gig workers. Studies have found that 74% of freelance workers have not received their pay on time, with 20% receiving pay one day late and 16% reporting they are regularly not getting paid for up to...
Almost two-thirds of Americans live paycheck to paycheck, with potential for financial ruin if an unexpected expense occurs outside the traditional pay period. In this month’s “Real-Time Payments Tracker®,” Oglebay’s Karen Hess tells PYMNTS how offering real-time payroll to the resort’s employees helps bridge financial...
Want to see a consumer truly upset about payments friction? Tell a gambler to wait a day (or even several days) to collect their winnings. Before we’re halfway through Rihanna’s halftime show at Super Bowl LVII on Sunday, Feb. 12, we’ll have a much “bettor”...
When money is the product, as it is in online sports betting, a safe and increasingly instant pay in and pay out customer experience is key. With 26 states plus Washington, D.C., having legalized online sports betting, and 23 of those states now live, dozens...
As sectors like hospitality and dining struggle with labor shortages, tipping offers a retention solution. In a conversation with PYMNTS, Brian Hassan, co-CEO of instant cashless tip payouts platform Kickfin, said a lot of press is dedicated to navigating the digital tipping culture that has...
New research finds U.S. retailers are planning real-time payments (RTP) advancements to optimize customer experience. That’s according to “The Instant Payments Transformation Guide,” a 2023 PYMNTS report done in collaboration with ACI Worldwide, which shows that 32.5% retailers are planning to add RTP capabilities to their...
