Insurance firms are increasingly embracing real-time payments for business-to-business (B2B) transactions, viewing them as essential to success. More than two-thirds plan to increase the use of real-time payments for inbound transactions, citing speed as the driving factor. PYMNTS’ latest research shows that insurance firms are...
Real-time payments have gained significant traction worldwide, revolutionizing how consumers and businesses conduct financial transactions. Many countries have successfully implemented real-time payment systems to enhance efficiency and meet the growing demands of businesses and consumers. Each country’s implementation may differ significantly regarding infrastructure, technology and...
Major real estate firms are just about ready to replace time-consuming, old-fashioned methods of sending and receiving money with real-time payments. For PYMNTS’ study “Corporate Changes in B2B Payment Practices: The Future of Real-Time Payments in Real Estate,” created in collaboration with The Clearing House,...
There will be organizations ready to send and receive transactions when the FedNow Service launches. Fifty-seven early adopter organizations, including both financial institutions (FIs) and service providers, have completed testing and certification, and they are now performing final trial runs, the Federal Reserve said in...
As the world becomes increasingly digital, the idea of instant gratification has become the norm. From streaming movies to ordering groceries, consumers expect everything to be available at their fingertips 24/7. The payments industry is no exception to this trend, with instant payment solutions poised...
PayRetailers has integrated PIX into its all-in-one payment platform. With the integration of this real-time payment system of Brazil, PayRetailers can help international businesses offer this secure, instant payment method, the company said in a Tuesday (June 27) press release. “PayRetailers understands the immense potential of PIX...
With 9 in 10 SMBs receiving late payments and half now considered financially unhealthy, it’s not surprising that half are also eager to adopt real-time payments to improve their cash flow. PYMNTS explains the connection between real-time payments and SMB financial resiliency.
Running a small to midsized business (SMB) in the modern economy can be challenging even under perfect economic conditions. Marketing, staffing, inventory management and other variables fully within owners’ control can be difficult due to a lack of funding. Payments are one of SMBs’ most...
ACI Worldwide has launched its instant payments solution for merchants in Europe and the U.K. ACI Instant Pay will let merchants in these areas accept instant online, mobile and in-store payments by integrating with the real-time company’s payment orchestration platform, ACI said in a Monday (June...
