Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS that the future looks bright for faster payments here in the United States — and globally. Instant options, he said — during a conversation held as part of the “What’s Next in...
The Federal Reserve says 331 financial institutions (FIs) are employing the FedNow® Service, its real-time payments system. The service launched in July with 35 participants, and is expected to continue growing in 2024, the central bank said in a Thursday (Dec. 14) news release. “These are still early days...
The manufacturing industry is on the verge of a major transformation in payment practices, PYMNTS Intelligence revealed. The report “Corporate Changes in Payment Practices: Manufacturing Companies Embrace Real-Time Payments,” a PYMNTS Intelligence and The Clearing House collaboration, examined the growing interest and adoption of real-time...
B2B payments platform Melio added real-time payments to its suite of offerings. The new service lets payors deliver funds instantly to vendors, according to a Wednesday (Dec. 13) press release emailed to PYMNTS. It also lets businesses hold onto funds for as long as possible,...
Trustly has found that merchants’ desire to provide instant payouts to their customers is driving demand for its Real-Time Payments (RTP) service. Due in part to this demand, Trustly has become one of the largest originators on the RTP network, the company said in a Wednesday (Dec....
The manufacturing sector is undergoing a significant transformation in its payment practices, with a growing emphasis on real-time payments. In fact, instant payments have emerged as the leading method for business-to-business (B2B) transactions in the sector, with over 99% of manufacturers already utilizing real-time payments...
With the advent of digital payments, instant reimbursements have gained popularity, providing employees with convenience and quick access to funds. However, there is still a need for businesses to promote and address concerns regarding instant payment options. In “Generation Instant: Business Expense Reimbursements,” PYMNTS Intelligence...
Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Although it is early days, “from my point of view, FedNow is doing exactly what it was planned to do,” said Sheril. She...
ACI Worldwide has teamed with Mexipay to promote real-time payment use in Mexico. The partnership, announced Tuesday (Nov. 28), will see Mexipay use ACI’s payment platform to deploy ISO 20022 real-time payments and other payment services in Mexico. “Mexico was an early adopter of real-time payments, with its Sistema...