Real-Time Payments

Real-Time Payments
The Clearing House Says Mastercard Partnership Fosters Pay by Bank and Other Innovations
January 25, 2024

Innovation begets further innovation.  And the emergence and adoption of real-time payment rails represent a significant advancement in the U.S. payment infrastructure, transforming the way financial transactions occur and benefiting both financial institutions and end users. With speed, security, and 24/7 availability, the potential for...

Real-Time Payments
Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
January 09, 2024

As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and refining their instant payment systems to meet consumer needs. Some nations, led by central banks...

Real-Time Payments
How Partnerships Help Banks and FinTechs Win Instant Payments Long Game
January 05, 2024

Across the ever-changing payments landscape, the demand for faster transactions has become increasingly prominent. But before organizations can offer, or accept, faster payments, they need to choose the right partner to do so. “Whether you’re going to build the pieces [for faster payment infrastructure] yourself,...

Real-Time Payments
Security Concerns Limit Growth of Instant Payments for Rent-Related Refunds
December 26, 2023

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...

Real-Time Payments
Instant Payments Have a Supply Problem, Not a Demand Problem
December 22, 2023

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...

Real-Time Payments
Why 2024 Will Be ‘Tipping Point’ for Instant Payments
December 21, 2023

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...

Real-Time Payments
Anti-Fraud Measures Need to Work at the Speed of Instant Payments
December 19, 2023

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...

Real-Time Payments
New Use Cases Needed to Drive Instant Payments Momentum Worldwide
December 19, 2023

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...

Real-Time Payments
Traditional Payment Methods Remain Relevant Despite Real-Time Innovations
December 19, 2023

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...