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...
The competition between banks and nonbanks is intensifying as customers demand faster, always-available ways to move money. Banks are finding that the FedNow® Service can help them compete more efficiently in a market that rewards speed and reliability. Nick Stanescu, chief FedNow executive, said in...
For years, companies have looked to virtual cards to trim payment delays and prevent fraud. But 2025’s data shows something deeper: virtual cards are no longer just about faster settlements. They’re becoming a cornerstone of trust between buyers and suppliers navigating cash-flow uncertainty. According to...
Payments firm Alacriti has launched an integration with Visa’s real-time money movement platform Visa Direct. This new integration, announced last week, melds Visa Direct with Alacriti’s Orbipay Payments Hub to offer more complete coverage of faster payments. “Visa Direct is an important piece of a modern real-time payments infrastructure because it gives financial institutions...
Instant payments were once a novelty. Just a faster way to move money. Today, they’re a reflex. New data shows that what began as a convenience is becoming an expectation, with consumers not only embracing real-time disbursements but sticking with them long after their first...
PNC has become the latest financial institution to join the FedNow® Service. The bank announced its entry into the Federal Reserve-run service Tuesday (Oct. 21), saying it would allow it to send and receive instant payments around the clock. “PNC Treasury Management has seen firsthand the transformative value immediate...
Watch more: Live Roundtable: AWS and FedNow, Nilesh Dusane and Dan Anthony Instant payments are reshaping how money moves and how financial institutions (FIs) meet customer expectations. For example, the Federal Reserve’s FedNow® Service, launched in 2023, has continued to build momentum. Banks are modernizing...