The appeal of instant payments is undeniable. Businesses want faster disbursements, consumers value speed and convenience, and government agencies are turning to real-time rails to modernize payouts. Yet despite this growing demand, fraud fears continue to cast a shadow over adoption. Many banks remain hesitant...
India is campaigning for greater loan activity on its national digital payments network. As the Financial Times (FT) reported Sunday (Aug. 31), The National Payments Corporation of India (NCPI), which runs the Unified Payments Interface (UPI), has begun offering its infrastructure to banks to extend short-term...
Banks say they fear fraud on real-time payment rails. The numbers say they shouldn’t. The August 2025 report, “Fact vs. Fiction in Real-Time Payments Fraud,” published by PYMNTS Intelligence and The Clearing House, gives rise to a striking contradiction: financial institutions are disproportionately worried about...
Consumers expect money to move at digital speed. Whether it’s a payroll deposit, an insurance payout or a merchant refund, waiting days for money now feels out of step with everyday life. That expectation is reshaping how banks and credit unions approach instant payments. The...
Real-time payments are moving beyond speed. With networks raising transaction ceilings, companies are beginning to treat instant transfers as a tool for high-value use cases once reserved for slower rails. The speed that has transformed consumer-facing transactions, such as disbursements, now is a valuable hallmark...
A payments shift is underway in the property management sector, one that is less about rent collection and more about modernizing the often-overlooked area of non-payroll expenses, from urgent repairs to tenant refunds. The July Money Mobility Tracker®, produced by PYMNTS Intelligence in collaboration with...
The Clearing House reportedly saw volume increases in real-time payments on its RTP® Network on the Memorial Day and July 4 weekends. The network handled 860,268 transactions valued at $2.6 billion on Memorial Day, up from 667,061 transactions at $307.9 million during the holiday in 2024, and...
Routable added the FedNow® Service to the instant payment capabilities accessible through its accounts payable automation platform. The FedNow Service expands the availability of instant payments for customers who transact with smaller or regional banks. Routable customers can now send instant payments to 85% of...
The future of instant payments in the United States hinges on a balance, as financial institutions navigate the complexities of fragmented networks by embracing dual-rail strategies. It’s a pragmatic, albeit challenging, path to a broader market reach. The PYMNTS Intelligence report “Instant Impact: Why Real-Time...