Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is underway — but is not without its frictions. More than 100 countries have launched, or are in the process of...
Instant payments have been available across the payments landscape for years. But what will it take for it to scale enough and successfully challenge the traditional payment methods most end-users are accustomed to? “Education is going to be key for all the players in the...
Irfan Ahmad, managing director and head of U.S. payments GTS at Bank of America, said instant payments will get a lift from some of the most basic, proactive approaches from businesses and financial institutions. “As simple as it might seem, education and awareness are still...
Nothing is harder to break than an established habit. But even the most entrenched behaviors often shift or evolve. Just look at the movement of money, which has undergone many transmutations throughout its long history. Now, the landscape of digital payments is undergoing a new...
The financial landscape is constantly in flux — and now it’s getting a little faster. As instant payments gain prominence, the strategies, challenges and potential impacts of the money movement vehicle all hinge on one thing: adoption by both consumers and businesses. “The user experience...
Form3 CEO Dave Scola told PYMNTS that instant payments have a long way before they reach their full potential. “I’m not disappointed by the rates of adoption, but I am disappointed by not seeing use cases developed by businesses and banks, and businesses built around...
In a rapidly changing digital world where real-time payments are becoming increasingly popular, it’s easy to assume that traditional payment methods like wire transfers and ACH payments are losing their relevance. However, Bridget Hall, leader of real-time payments at ACI Worldwide, contended that despite the...
Enigma Technologies Co-founder and CEO Hicham Oudghiri said the ecosystem surrounding instant payments is complex. “When it comes to instant payments, everyone has their own voice,” Oudghiri said in the latest installment of the continuing series “What’s Next in Payments: Instant Payments: What Will Turbocharge...
Can instant payments transform transactions from waiting games to a real-time revolution? “There’s a certain expectation that instant payments means instant gratification,” Shaunt Sarkissian, founder and CEO at AI-ID, tells PYMNTS for our series: “What’s Next in Payments – Instant Payments: What will Turbocharge Instant Payments Growth in...