The Federal Reserve’s instant payment system is increasing its transaction limit amid growing commercial demand. The FedNow® Service’s network transaction limit is set to increase from $1 million to $10 million, Federal Reserve Financial Services announced Tuesday (Sept. 9). This shift, the second increase this...
Headlines swirl with urgency around real-time payments, but the reality is that most banks are still dragging their feet. While financial institutions (FIs) say instant payments are a top priority, the number that have made the necessary system upgrades remains far lower. The gap between...
For millions of Americans, waiting days for funds to clear is rapidly becoming unthinkable. As people earn, borrow, or sell in more flexible ways, the demand for immediate access to money, where and how they want it, has made instant payments not just a convenience,...
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...