The time when instant payouts were a novelty is long gone, as the number of consumers, and increasingly businesses, that are using this rapid, simple payments method continues to rise. In fact, new PYMNTS’ data shows that two-thirds of consumers reported sending or receiving at...
Payments platform Hopscotch, which works with freelancers and smaller businesses, has announced an expansion including a tool letting users finance invoices in two clicks, a press release said. The company will also offer a tool for businesses to unlock revenue from unpaid invoices and get...
The RTP® network has been a game-changer for the financial industry since its introduction in 2017. The ability to process payments in mere seconds allows for more financial security, more accurate bookkeeping and extraordinary levels of convenience for both businesses and individual consumers. What were some of the most exciting...
The bullish forecast comes from the latest edition of the "Real-Time Payments Tracker®," where Chris Ward, head of wholesale payments at Truist Financial, tells PYMNTS how this exponential and seismic shift in real-time payments will also create a completely new dynamic between businesses and consumers.
Digital payments have become table stakes around the world, with more than $6.6 trillion in digital transactions taking place last year and this sum expected to hit $10.5 trillion within the next four years. These payments are often much slower than other digital facets of...
It’s a paradox, to say the least. Consumer demand for instant payments has climbed higher than ever. Ingo Money CEO Drew Edwards told PYMNTS’ Karen Webster that at first glance, it’s the use cases where the consumers need the funds right now that are proving...
Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Connie Theien, head of industry relations for Federal Reserve Financial Services, told PYMNTS that the work going on behind the scenes has...
Instant disbursements whether from government or private entities are increasingly popular with consumers when offered and have a major impact on consumer perceptions of senders. For the Disbursements Satisfaction Report 2022, a PYMNTS and Ingo Money collaboration, we surveyed over 3,600 U.S. consumers about their...
In an effort to help carriers with cash flow, digital freight network Convoy is enhancing its payments service to add money to carriers’ bank accounts within eight hours of load completion. The company is augmenting its Convoy QuickPay service, according to a Thursday (Sept. 8)...
