In mid-September, the second phase of the Same Day ACH initiative will roll out across the U.S. faster payments system. But unlike last year’s rollout, which some in the financial industry compared to a Y2K-like event, the industry seems calmer about the upcoming change. Will...
U.S. institutions will soon be seeing their real-time payments options expanding with the announcement that SWIFT will provide a gateway to The Clearing House’s real-time payments (RTP) platform. Said gateway will allow SWIFT to provide an interface to manage the requirements of sending and receiving domestic instant...
Previous stereotypes be damned, recent research pegs Millennials as entrepreneurial, with almost half the generation planning to start businesses within the next three years. For community banks, it’s a wake-up call to adopt faster payment solutions that younger customers expect — or get left behind....
The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. Get the Full Story Complete the form to unlock this article and...
For a long time, there wasn’t much variation in the billing experience, no matter who one happened to be. A bill came in the mail, a consumer wrote out a check, that consumer popped that check in the mail — rinse, repeat until all obligations were covered. Get the Full Story...
Lyft said Tuesday that it is debuting a new feature, receipt forwarding for business travelers and travel managers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Get ready. When the Fed’s Faster Payments Task Force issues its mammoth recommendation for strengthening the U.S. payment system later this month, it’s unlikely a federal mandate will make the cut. That’s Roy DeCicco’s take, at least. For July’s Faster Payments Tracker™, DeCicco, who’s managing...
Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around for a while and have the potential to make a long-lasting impact on how money is exchanged. Get the Full...
Can faster payment tools put on demand caregivers on the same economic footing as full-time workers? In June’s Faster Payments Tracker™, powered by NACHA, Bryan O’Malley, Care.com’s VP of payments, talks with PYMNTS about how faster payments are transforming the market by offering caregivers of children, the elderly, pets and homes,...
