Middle-market companies (those with sales from $20 million to $1 billion) have been relatively slow to adopt real-time payment (RTP) technologies, even though they recognize and value the advantages. Their greatest concern about the method of payment is the biggest hurdle to adoption. Yet “Accelerating...
2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and deputy head of product management for the FedNow SM Service Program, told PYMNTS in a recent interview. “Financial institutions and...
Even as the economy has recovered, inflation and other economic pressures are continuing to create problems for businesses’ cash flow. Sixty percent of all businesses surveyed said cash flow is a top concern in the current business climate. Supply chain delays add to the problems and create an advantage for businesses...
Independent workers experience a greater degree of unpredictability than traditional employees due to the nature of gig economy jobs, making predictability in areas such as payment frequency all the more important. Especially among in-demand contractors and consultants, the ability to be selective about the jobs...
The RTP® network raised the bar for real-time payments with its $1 million transaction limit. In the "Real-Time Payments Tracker®," Corporate One Federal Credit Union CEO Melissa Ashley tells PYMNTS about other ways the limit increase is changing the game, from housing to cars to...
Forty-one percent of firms in the United States already use the RTP® network to send or receive payments. The recent increase of the network’s transaction limit from $100,000 to $1 million dramatically increases the utility of real-time payments on the network. The increase accompanies such...
We’ve got a long way to go before we see anything close to universal acceptance — or a shift to a corporate world awash in real-time payments — but a growing number of corporate treasurers and billing and payment executives are paying more attention than...
While real-time payments account for just 2% of all corporate payments sent and 1.3% of corporate payments received, the benefits of real-time payments are catching the attention of a growing number of corporate treasurers and billing and payment executives. Among those companies already engaged with real-time...
For the latest edition of "The Real-Time Payments Tracker," PYMNTS brought in executives from Payrailz and Jack Henry & Assoc. to learn how third-party organizations are enabling small and midsized FIs to offer competitive real-time payments options.
