In a fast-paced business environment, the demand for flexibility in financial transactions is paramount, and non-recurring ad hoc payments account for nearly two-thirds of the monthly revenue of small and medium-sized businesses (SMBs), per recent PYMNTS Intelligence research. This reality emphasizes the importance of efficiently...
Rental prices keep on rising year after year, and some rental contracts have been tightened by requiring larger deposits at the signing. To illustrate: since early 2020, house rents have increased nearly 30% overall, according to the real estate website Zillow. Higher rental costs and...
Immediacy will always prove to be a winning concept — particularly within payments. Convenience, simplicity and security are three core pillars of today’s increasingly connected and digitized world. “A lot of consumers and businesses think they have instant payments today,” Jim Colassano, senior vice president...
As the payments industry gears up for 2024, exciting transformations are on the horizon. Many, in fact, are already here. And for those transformations that are just around the corner, they are often chasing existing consumer behaviors and business demands around speed, convenience and security....
In today’s world, convenience and efficiency are more highly valued than ever. Therefore, it would seem that instant payments, or the ability to transfer money in real time, allowing for immediate access to funds and faster settlement of transactions, would be a hit among both...
We have come a long way since the U.S. Mint issued the first dollar coins. And while the evolution of money didn’t happen in an instant — really, it took centuries — the transfer of money is now increasingly instant itself. But what will it...
Consumers want instant payments, and businesses are finally gearing up to deliver them. As Ingo Money CEO Drew Edwards told Karen Webster, 2024 can be boiled down to two words in the annals of faster payments: tipping point. “I really do think 2024 will be...
Mollie Curran, payments lead at Plaid, said a sea change is ahead for instant payments and for widespread adoption across a range of use cases. In the United States, she said, “we’ve been talking for years about instant payments — and it’s been more of...
Jon Budd, CEO of Juniper Payments, a PSCU company, said instant payments, over the long term, will see a blossoming of use cases and demand from financial institutions’ corporate and consumer clients. As it stands now, only about 3% of financial institutions have signed on...