Previous stereotypes be damned, recent research pegs Millennials as entrepreneurial, with almost half the generation planning to start businesses within the next three years. For community banks, it’s a wake-up call to adopt faster payment solutions that younger customers expect — or get left behind....
The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. The August Faster Payments Tracker™, powered by NACHA, highlights notable news and developments...
For a long time, there wasn’t much variation in the billing experience, no matter who one happened to be. A bill came in the mail, a consumer wrote out a check, that consumer popped that check in the mail — rinse, repeat until all obligations were covered. But that is not...
Lyft said Tuesday that it is debuting a new feature, receipt forwarding for business travelers and travel managers. The ride hailing company said in a release that the forwarding feature works as each ride receipt taken under a business profile is automatically forwarded to each...
Get ready. When the Fed’s Faster Payments Task Force issues its mammoth recommendation for strengthening the U.S. payment system later this month, it’s unlikely a federal mandate will make the cut. That’s Roy DeCicco’s take, at least. For July’s Faster Payments Tracker™, DeCicco, who’s managing...
Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around for a while and have the potential to make a long-lasting impact on how money is exchanged. The July PYMNTS.com Faster...
Can faster payment tools put on demand caregivers on the same economic footing as full-time workers? In June’s Faster Payments Tracker™, powered by NACHA, Bryan O’Malley, Care.com’s VP of payments, talks with PYMNTS about how faster payments are transforming the market by offering caregivers of children, the elderly, pets and homes,...
Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. The June Faster Payments Tracker™, powered by NACHA, highlights the latest trends...
The United Kingdom’s Payments Systems Regulator (PSR), along with the Bank of England, said Thursday that they’d agreed to a framework that would govern consolidation of the Cheque and Credit Clearing Company and the Faster Payments Scheme and Bacs. Reuters stated that the U.K.’s “multi-trillion...
