The Brazilian government launched a social media campaign defending the country’s instant payment system, Pix, after the U.S. government said it is investigating the system as one of several alleged unfair trading practices. The slogan of the campaign is “PIXéNosso, My Friend” (“Pix is Ours,...
WEX has debuted a tool designed to help people get faster reimbursements from their flexible spending accounts (FSAs). The artificial intelligence (AI)-powered tool, announced Monday (July 21), is designed to reduce busywork by automating steps like checking receipts, pre-filling claim forms and approving eligible claims...
The ACH Network says it has seen “significant” gains in same-day payments since last year. Those transactions were up 15% during the second quarter compared to last year, helping drive overall growth of 5%, the payments network that underpins most U.S. payroll, bill pay and...
Property managers are embracing real-time payment rails — and not just for speed. Tenants now expect digital convenience at every touch point, from rent payments to security deposit refunds. Vendors, too, demand faster payouts, often before work even begins. In response, more property managers are...
Wyoming reportedly tested its planned state-issued stablecoin, the Wyoming Stable Token (WYST), Thursday (July 17), seeing how it could be used for real-time payments to government contractors. The state teamed up with blockchain startup Hashfire to use the stablecoin through the company’s Document Authentication Protocol, which is built...
The Clearing House’s RTP® Network processed $481 billion in the second quarter, a 195% increase over the prior quarter. “What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network’s increased transaction limit of $10 million, introduced in February,”...
In a world where convenience is the baseline and immediacy is expected, a slow refund can do more than frustrate. It can send customers running. Data from the latest “Money Mobility Tracker®,” “Instant Shift: How Choice, Certainty and Convenience Are Driving Demand for Instant Payments,”...
The Bank of England says it’s working on a new infrastructure for U.K. retail payments. This new model, the central bank’s Payments Vision Delivery Committee said in a news release Tuesday (July 15), “embeds public and private sector collaboration, utilizing the right expertise in the...
The transaction limits tied to real-time payments have been marching steadily higher. For banks using the instant payments rails, the stage has been set for a summer surge in higher dollar-value transactions, especially for corporate clients navigating supply chain and tariff concerns with an eye...