Instant Payment news and trends

Branch Launches Instant Payroll Solution for Workers
Payroll // July 20, 2023

Workforce payments platform Branch announced the launch of Branch Direct, an online instant payment solution that allows companies to pay workers directly to an existing bank account. Commenting on the news, Branch CEO Atif Siddiqi said more companies are making it easier for employees to...

FinTech Issuers Promise Instant Payments, but Many Can’t Deliver
Money Mobility // March 22, 2023

Digital-first consumers increasingly power today’s economy, which makes money mobility a top requirement for any financial ser­vices provider. Prospective customers expect this ability, and the need to meet this growing demand is especially strong for burgeoning FinTechs set on winning consumers away from traditional banks....

An Industry Insider on Tipping the Scales in Restaurants’ Favor
Restaurant innovation // March 09, 2023

Restaurants that survived the pandemic now face cost inflation and labor shortages. Technology can help, as Kickfin Co-CEO Brian Hassan explains the impact of digital tipping with instant payouts on helping eateries attract and retain employees.

As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
Faster Payments // September 22, 2022

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Connie Theien, head of industry relations for Federal Reserve Financial Services, told PYMNTS that the work going on behind the scenes has...

Interviews & Exclusives
FedNow Is Live but Banks Face Integration Decisions

August 23, 2023
For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United States in four decades — the challenges are numerous. Form3 Chief Operating Officer Eimear O’Connor said in an interview with PYMNTS that some lessons have already been learned […]

As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts

September 22, 2022
Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Connie Theien, head of industry relations for...

Quick Reads
Branch Launches Instant Payroll Solution for Workers

July 20, 2023
Workforce payments platform Branch announced the launch of Branch Direct, an online instant payment solution that allows companies to pay workers directly to an existing bank account. Commenting on the news, Branch CEO Atif Siddiqi said more companies are making it easier for employees to get paid quickly given the positive impact instant payments can […]

Virtual Card Use, Payment Choice, On the Rise

March 03, 2022
The global value of virtual card transactions is expected to jump to $6.8 trillion over the next four years — compared to $1.9 trillion last year — and a large...

Discover, Portugal’s SIBS MB Strike Deal Over Credit Cards, Payments Options

July 13, 2021
SIBS MB, headquartered in Lisbon, Portugal, has inked a pact with Discover Financial Services regarding the Illinois-based payments company’s cards. It means that Discover, Diners Club International and related cardholders...

First Data Enables Push-To-Card Payments For Contractors

September 29, 2017
First Data, a global leader in commerce-enabling technology, announced its new “Disburse-to-Debit” solution, a low-cost payout option for businesses with gig economy workers that delivers funds directly to a debit...