Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017....
Small to mid-sized businesses (SMBs) in the healthcare provider segment now use real-time payments more widely than other payment rails. PYMNTS Intelligence finds that in the last year, 83% of businesses surveyed either sent or received real-time payments and 57% used real-time rails in both...
Winning can provide an instant rush — and although 8 in 10 gamers prefer immediate access to their winnings, less than half of gamers now have access to instant payouts. That is one key takeaway from “Generation Instant: Gamers and Winnings,” a report PYMNTS Intelligence created...
As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal. But the first quarter that just wrapped has been one for the books. “Financial institutions...
Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and daily payroll. According to Jill Capicchioni, product director, payments at NCR Voyix, there’s a lack of urgency...
Verituity has teamed up with Mastercard to enable near-real-time payments for commercial banks and payers. This collaboration sees Verituity’s white-labeled payments platform integrating Mastercard’s portfolio of domestic and international money transfer solutions, Mastercard Move, the companies said in a Thursday (April 11) press release. “We’re thrilled to join forces...
Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in wait. “Everybody feels like the scammers just have not caught up with instant payments just yet,” Sullivan said. As she...
The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both metrics are growing 15% per quarter, on average, The Clearing House said in a Thursday (April 4) press release. “RTP transaction...
Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly via Cross River’s application programming interface (API) endpoint, the companies said in a Thursday (April...
