Real-time money movement is rapidly moving toward always-on status. The Federal Reserve has laid out a path to expand the operating days of its largest wholesale settlement rails, pushing final settlement deeper into weekends and holidays and shrinking the “wait until Monday” window that corporate...
Brazil’s Pix real-time payments network already moves more money than cards or cash in Latin America’s largest economy. Now, the same digital rails that let Brazilians scan a QR code to pay a beach vendor or a department store are being extended to millions of...
Lumanu has extended its payments and compliance platform for the global creative economy to deliver real-time payments to creators and contractors in more than 195 countries and territories. The company did so by integrating Visa’s real-time global money movement network, Visa Direct, according to a...
For decades, corporate treasury has been organized around a simple premise: Money moves slowly enough that decisions can wait. But real-time payment rails, always-on banking APIs, and continuous data flows are fundamentally altering how money moves through corporations. The most effective treasury functions are becoming...
Modern professionals expect more from corporate card programs than ever before. As hybrid work takes hold and decentralized spending becomes the norm, professionals are pushing back on clunky programs that slow them down. “Today’s workforce … is global, it’s distributed and always connected,” Bank of...
Change doesn’t happen instantly, even when it comes to instant payments. Nearly a decade after The Clearing House launched the RTP® network, the United States’ first real-time payments network, the promise of instant money movement remains more aspiration than reality for many businesses. However, as...
Instant money movement is accelerating across the U.S. economy, and nowhere is that shift more visible than in the gig economy, where workers increasingly expect to receive their earnings the moment they are issued. The latest PYMNTS Intelligence and Ingo Payments research shows that same-day...
With a little over two years in market, the Federal Reserve’s instant payments platform, the FedNow® Service, is now entering what Chief Product and Relationship Officer Shonda Clay calls its next phase: moving to mainstream awareness. She told PYMNTS in a recent interview that “usage...
Real-time payments continue to expand across the globe through several use cases as businesses and households lean into speed. The shift has been visible in markets ranging from Asia to Latin America, with adoption rising in everything from daily bill payments to supplier settlements. The...