Real-Time Payments

Real-Time Payments
Chase’s New SMB Offerings Point to Appeal of Ad Hoc Real-Time B2B Payments
May 02, 2024

In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third of companies surveyed said improved customer/client satisfaction would be part of improved ad hoc payments....

Real-Time Payments
Are Real-Time Payments Near an Inflection Point? Bank of America Thinks So
May 02, 2024

Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017....

Real-Time Payments
Real-Time Payments Help Cure Small Business Healthcare Provider Finances
April 25, 2024

Small to mid-sized businesses (SMBs) in the healthcare provider segment now use real-time payments more widely than other payment rails. PYMNTS Intelligence finds that in the last year, 83% of businesses surveyed either sent or received real-time payments and 57% used real-time rails in both...

Real-Time Payments
76% of Gamers Who Can’t Access Instant Payouts Would If They Could 
April 24, 2024

Winning can provide an instant rush — and although 8 in 10 gamers prefer immediate access to their winnings, less than half of gamers now have access to instant payouts. That is one key takeaway from “Generation Instant: Gamers and Winnings,” a report PYMNTS Intelligence created...

Real-Time Payments
Issuers Look Beyond Inflation and Interest Rates to Managing Real-Time Fraudsters
April 23, 2024

As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal. But the first quarter that just wrapped has been one for the books. “Financial institutions...

Real-Time Payments
NCR Voyix Warns on Instant Payments Adoption Delays
April 17, 2024

Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and daily payroll. According to Jill Capicchioni, product director, payments at NCR Voyix, there’s a lack of urgency...

Real-Time Payments
Verituity Taps Mastercard to Enable Near-Real-Time Payments for Banks
April 11, 2024

Verituity has teamed up with Mastercard to enable near-real-time payments for commercial banks and payers. This collaboration sees Verituity’s white-labeled payments platform integrating Mastercard’s portfolio of domestic and international money transfer solutions, Mastercard Move, the companies said in a Thursday (April 11) press release. “We’re thrilled to join forces...

Real-Time Payments
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in wait. “Everybody feels like the scammers just have not caught up with instant payments just yet,” Sullivan said. As she...

Real-Time Payments
RTP Network Reports 15% Growth per Quarter Since 2019
April 04, 2024

The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both metrics are growing 15% per quarter, on average, The Clearing House said in a Thursday (April 4) press release. “RTP transaction...