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...
For years, banks have treated real-time payments like an unlocked door. Open too wide and fraud might slip through. But new data show that those fears are misplaced. Real-time payment networks such as the RTP Network and FedNow are among the safest rails in modern...
Watch more: Need to Know: FedNow’s Nick Stanescu The FedNow® Service entered the market in 2023 as the Federal Reserve’s always-on payment network, and its development has not slowed. “Nothing stays still, and certainly not in payments,” Chief FedNow Executive Nick Stanescu told PYMNTS in...
Watch more: The New Workforce Economy The nature of work, and of getting paid, is changing. The familiar two-week pay cycle is giving way to a real-time labor economy where people get paid when they earn, sometimes several times a day. PYMNTS CEO Karen Webster...