PYMNTS-MonitorEdge-May-2024

real time payments

Real time payments – also known as realtime payments, instant payments or immediate payments as electronic retail payment solutions that are available 24/7/365.

Handicapping the US, UK and Europe Real-Time Payments Race
Handicapping the US, UK and Europe Real-Time Payments Race
October 06, 2023  |  Real-Time Payments

Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing...

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82% of Small Insurance Firms Forgo Instant Payments
82% of Small Insurance Firms Forgo Instant Payments
October 05, 2023  |  Real-Time Payments

The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning...

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How Real-Time Payments Could Help Manufacturing Sector Grow
How Real-Time Payments Could Help Manufacturing Sector Grow
October 04, 2023  |  Real-Time Payments

The smokestack economy is not out of the woods yet. Manufacturing is still contracting, but growth seems to be on the horizon. The recognition of...

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Cross River and paymints.io Launch RTP Offering for Real Estate
Cross River and paymints.io Launch RTP Offering for Real Estate
October 03, 2023  |  Real-Time Payments

Cross River Bank and paymints.io have teamed to expand real-time payments in real estate. The collaboration — an extension of an existing partnership between the...

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Form3: AI and Risk Scoring Help Stop Push Payment Fraud ‘in Its Tracks’
Form3: AI and Risk Scoring Help Stop Push Payment Fraud ‘in Its Tracks’
October 03, 2023  |  Security & Fraud

With the Sibos 2023 financial services conference in the rearview mirror, central bank digital currencies (CBDCs) and blockchain in active discussion, and the FedNow® Service...

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FedNow Unveils Market Practices to Promote Instant Payment Feature
FedNow Unveils Market Practices to Promote Instant Payment Feature
September 26, 2023  |  Real-Time Payments

The Federal Reserve has unveiled market practices aimed at promoting the standardized implementation of the request for payment (RFP) feature of the FedNow® Service. The market practices were...

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40% of Manufacturers Say Real-Time Payments Among Most Important Innovations
40% of Manufacturers Say Real-Time Payments Among Most Important Innovations
September 25, 2023  |  Real-Time Payments

About two-thirds of manufacturers said real-time payments are an important innovation within their company. Among these manufacturers, 40% said real-time payments are one of the...

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Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
September 25, 2023  |  Real-Time Payments

The FedNow® Service is rounding the corner into its second month of operation. Justin Jackson, senior vice president and head of enterprise payments at Fiserv,...

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85% of Large Retailers Look to FinTechs for Real-Time Payments Partnerships
85% of Large Retailers Look to FinTechs for Real-Time Payments Partnerships
September 25, 2023  |  Real-Time Payments

The allure of real-time payments is not lost on retail giants. Nearly all retailers generating $100 million or more in annual revenues have embraced real-time...

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