As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and refining their instant payment systems to meet consumer needs. Some nations, led by central banks...
Across the ever-changing payments landscape, the demand for faster transactions has become increasingly prominent. But before organizations can offer, or accept, faster payments, they need to choose the right partner to do so. “Whether you’re going to build the pieces [for faster payment infrastructure] yourself,...
Rental prices keep on rising year after year, and some rental contracts have been tightened by requiring larger deposits at the signing. To illustrate: since early 2020, house rents have increased nearly 30% overall, according to the real estate website Zillow. Higher rental costs and...
Immediacy will always prove to be a winning concept — particularly within payments. Convenience, simplicity and security are three core pillars of today’s increasingly connected and digitized world. “A lot of consumers and businesses think they have instant payments today,” Jim Colassano, senior vice president...
Consumers want instant payments, and businesses are finally gearing up to deliver them. As Ingo Money CEO Drew Edwards told Karen Webster, 2024 can be boiled down to two words in the annals of faster payments: tipping point. “I really do think 2024 will be...
The financial landscape is constantly in flux — and now it’s getting a little faster. As instant payments gain prominence, the strategies, challenges and potential impacts of the money movement vehicle all hinge on one thing: adoption by both consumers and businesses. “The user experience...
Form3 CEO Dave Scola told PYMNTS that instant payments have a long way before they reach their full potential. “I’m not disappointed by the rates of adoption, but I am disappointed by not seeing use cases developed by businesses and banks, and businesses built around...
In a rapidly changing digital world where real-time payments are becoming increasingly popular, it’s easy to assume that traditional payment methods like wire transfers and ACH payments are losing their relevance. However, Bridget Hall, leader of real-time payments at ACI Worldwide, contended that despite the...
Enigma Technologies Co-founder and CEO Hicham Oudghiri said the ecosystem surrounding instant payments is complex. “When it comes to instant payments, everyone has their own voice,” Oudghiri said in the latest installment of the continuing series “What’s Next in Payments: Instant Payments: What Will Turbocharge...
