Disbursements

Plaid and digital identity wallet ID.me launched a benefits payments partnership, according to a Thursday (Sept. 17) news release. The collaboration is designed to combine ID.me’s wallet with Plaid’s financial account ...

Money can trade in seconds, yet investors may still wait days to receive it. That gap can make a fast digital platform feel surprisingly slow at the exact moment a ...

Real-time payments are giving banks another reason to confront technology they have spent years working around. The PYMNTS Intelligence report “From Adoption to Execution: How FIs Are Turning Real-Time Payments Into ...

The banking day is disappearing faster than the treasury operating model built around it. Citi on Thursday (Sept. 3) said it processed live U.S. dollar transactions with First Abu Dhabi Bank ...

Real-time payments in Asia-Pacific are entering a new phase. After years of building domestic instant payment rails, countries across the region are now connecting those systems across borders, expanding their ...

Consumers have been trained by the rest of the digital economy to expect money to move quickly. Instant deposits and real-time peer-to-peer payments have narrowed the gap between when a transaction ...

Watch more: Need to Know With Bank of America’s Narendra Kumar Parhi Cross-border payments in Asia-Pacific are being pulled toward the speed of the region’s domestic commerce, leaving companies in the ...

Watch more: What’s Next in Payments With WEX’s Ron Griswold The linear model of traditional business payments is breaking apart thanks to embedded payments, instant rails and artificial intelligence (AI). “Payments went ...

The biggest opportunity for chief financial officers (CFOs) isn’t adding another day to pay. It’s eliminating the uncertainty inside the days they already have. Today’s corporate working-capital playbook has become almost ...

The unexpected advantage of instant transactions for B2B firms is not faster payment but removing settlement float from payment terms. Real-time settlement does not merely accelerate money. It makes time negotiable, ...

Mexico is launching a campaign to steer citizens from cash to digital payments, the Financial Times reported Wednesday (Aug. 19). Part of the effort involves an attempt to rejuvenate Codi, a ...

Payments have spent years getting faster. Fraud detection has not always kept pace. New August research from PYMNTS Intelligence, in collaboration with Plaid, shows that 47% of firms surveyed can’t detect ...

The basic, traditional architecture of a business disbursement has historically contained an unusual gap. Companies can decide that money should move long before the recipient can use it. The economic ...

Watch more: Need to Know With Visa’s Michele Herron The new American shopper can tell an artificial intelligence platform precisely what she wants, compare the answer (even while standing in the ...

In a fragmented payments environment, how intelligently infrastructure decides what should happen to every transaction is becoming a key definition of payments performance and success. The August edition of PYMNTS Intelligence’s ...

Real-time payments company Sionic has launched its instant bank pay service through Microsoft Marketplace. With this integration, Sionic can offer real-time, bank-to-bank payments at the point of sale, the company said ...

Brazil’s central bank sounds more certain than in the past that it will link its instant payment system, Pix, to similar platforms in other countries, Reuters reported Monday (Aug. 10). The ...

Faster payments can feel like a victory lap until fraud reaches the finish line first. Businesses want money to move in seconds, but their defenses often need far more time ...

Instant payments are no longer simply a payments product. They are becoming commercial banking infrastructure. That’s the case for financial institutions and their clients who are savvy to what real-time infrastructure ...

Watch more: Visa Direct With Visa’s Curtis Webb The card infrastructure to pay constituents is already in place. The banks are ready. Your debit card is ready. Consider the irony. Someone can ...

Watch more: Need to Know With The Clearing House’s Cheryl Gurz After eight years of industry outreach and infrastructure investment, instant payments are becoming familiar enough that businesses increasingly understand the ...

A collaboration between PYMNTS Intelligence and Visa Direct, “Moving Money at the Speed of Life: Same Payout, Different Experience With Government Disbursements,” examines how U.S. recipients experience government disbursements and ...

Dead people don’t spend much, but the federal government nearly sent them tens of millions of dollars anyway. The U.S. Treasury Department said Tuesday (July 21) that its government-wide verification process ...

DoorDash’s banking product for delivery drivers, DoorDash Crimson, now includes instant deposits powered by Astra’s Payment Cloud. With this capability, DoorDash delivery drivers can use Visa Direct and Mastercard Send to add funds from external accounts in real ...

Businesses that use real-time payments tend to see more value than businesses still deciding whether they need them at all. The divide emerged from the PYMNTS Intelligence report “The Real-Time Perception ...

Brazil’s Pix instant payment system is widely popular in the country. However, the system’s model, run by Brazil’s central bank, has begun appealing to several other countries, leading to tensions between ...

The United States does not lack instant payment rails. It lacks a simple, universal front door to them. That is the larger significance of X9.150, a new American national standard for ...

People in Brazil seem to love the Pix instant payment system. The U.S. government is a different story. Last year, the U.S. Trade Representative (USTR) launched a probe into what it called ...

Stablecoin advocates have argued that blockchain networks can and will solve problems traditional banking never could. Payments would settle in seconds instead of days. Businesses would no longer wait for ...

Business clients don’t want to hear that the payment is “in process.” They want to know that the money was moved, the supplier was paid and the bank can prove ...

Three years after the Federal Reserve launched the FedNow® Service, the instant payment infrastructure serves 1,800 financial institutions, including seven of the 10 largest banks, and reaches over half of ...

Government payments rarely get discussed as financial infrastructure. They’re usually treated as administrative outputs. Benefits are approved, refunds are issued and claims are processed. For millions of households, however, the ...

On June 30, an independent company called Open Standard launched a dollar stablecoin, Open USD, and 140 of the biggest names in money signed on. Visa. Mastercard. BlackRock. BNY. Coinbase. ...

Real-time money movement is beginning to alter the expectations surrounding healthcare and HR benefits where reimbursement timing and payout clarity have long been sources of frustration for employers and participants ...

Real-time B2B payments may not be losing to skepticism. They are losing, for now, to payment systems that work just well enough. That is one of the more useful takeaways from ...

Real-time payments in South America have moved well beyond proof of concept. They’re becoming the financial backbone of entire economies, and the numbers speak for themselves. The evidence starts with Brazil’s ...

Watch more: The Digital Shift With Galileo’s Prashant Shah For years, core banking systems were viewed as essential but largely invisible infrastructure. They maintained account balances, processed deposits and withdrawals, and ...

Watch more: Michael Silver of Robinhood Consumers managing their finances through digital channels increasingly assume that money will appear in accounts quickly, with visibility into when it can be used. For investment ...

Real-time payments are starting to look less like a faster delivery truck and more like a digital receipt that arrives before anyone has to ask where the money went. That is ...

Companies using GigSafe’s compliance and payments platform built for regulated delivery and logistics operators can now make payments within the platform. This capability is enabled by GigSafe’s adoption of U.S. Bank’s embedded payment solutions, which allow ...

Watch more: Shari Freidenrich of Orange County Treasury Fast payments continue to redefine expectations across the private and public sectors. With taxes top of mind this year, several use cases have ...

The biggest obstacle to real-time B2B payments may be that the old system is not broken enough. That was one of the more practical takeaways from the PYMNTS Intelligence report “Ready ...

The Federal Reserve’s proposal to expand FedNow beyond its current domestic limitations arrives at a moment when demand for faster cross-border payments is colliding with the realities of compliance, correspondent ...

Watch more: Visa Direct With Visa’s Edward Galvin Three out of four healthcare payouts still go out by check. Only 5% to 12% move in real-time, according to the PYMNTS Intelligence report ...

B2B payments have gone real-time, and that’s made transaction speed table stakes for both buyers and suppliers. But all the speed in the world means nothing if the workflows and ...