Once considered a nice-to-have, instant payments are fast becoming a must-have in the disbursement economy. According to new PYMNTS Intelligence research, nearly 38% of consumers now receive their nongovernment disbursements via instant payment. This share is up from 4.1% in 2017. The shift isn’t simply...
The payments landscape for small and medium-sized businesses (SMBs) is undergoing a transformation thanks to the growing adoption of instant methods. Such businesses rely on receiving nonrecurring, or ad hoc, disbursements for an increasing share of their monthly income. Thus, the speed and efficiency of...
The digital disbursement landscape has evolved dramatically over the past seven years, reshaping how consumers receive payments. U.S. consumers increasingly receive disbursements from a variety of corporate and government agencies. At the same time, the demand for instant payments has surged, driven by a desire...
With large U.S. enterprises facing demands from vendors, suppliers and contractors to make immediate payments, having ways to disburse funds instantly has become a strategic priority. The ability to execute nonrecurring, or ad hoc, payments immediately is rapidly evolving into a vital tool, particularly for...
Small -to medium-sized businesses (SMBs) rely on instant payments to improve cash flow, yet their adoption remains far from universal. Industries with strong digital momentum, such as gaming and the gig economy, are leading the charge, while others reliant on legacy systems face persistent hurdles....
Speed, certainty and convenience — these are the driving forces behind the explosive growth of instant payments. In fact, consumers are 10 times more likely to receive nongovernment disbursements instantly than they were in 2017. Many no longer just prefer instant payments — they need...
Money mobility is turning payments from a cost center into a revenue driver. Beyond merely moving funds, financial institutions and businesses are leveraging real-time transactions, embedded finance and cross-border interoperability to drive growth and efficiency. As Drew Edwards, CEO of Ingo Payments, explains in this...
Faster payments are transforming the financial landscape, but with speed comes heightened fraud concerns. Real-time payments move instantly, making them attractive to both consumers and fraudsters. However, the reality is more complex — real-time payment systems can enhance fraud prevention when combined with advanced security...
All companies strive for liquidity — the ability to turn assets into the cash needed to fund short-term liabilities. Liquidity is especially important to financial institutions (FIs) so that they can settle payments and meet their own obligations to other banks, as billions of dollars’...
