Disbursements

FastSpring and EBANX have teamed to expand the usage of the Pix payment in Brazil. FastSpring, based in Brazil, powers payments for global Software-as-a-Service and software companies. EBANX is a tech company focusing on ...

Small to mid-sized businesses (SMBs) in the healthcare provider segment now use real-time payments more widely than other payment rails. PYMNTS Intelligence finds that in the last year, 83% of ...

Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles up to 10,000 transactions per second ...

Winning can provide an instant rush — and although 8 in 10 gamers prefer immediate access to their winnings, less than half of gamers now have access to instant payouts. That is ...

Air travel is a complicated business — and those complications can get passed down to travelers. From extended delays when waiting for refunds after abrupt flight cancellations, to spending hours and ...

Brite Payments now enables instant account-to-account (A2A) payments and payouts in Germany. The Swedish FinTech already offers these Brite Instant Payments in the Nordics, Baltics and Benelux and plans to continue ...

As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal. ...

The use of ad hoc payments by large enterprises to pay small to mid-sized businesses (SMBs) and individuals is on the rise — and exclusive data from PYMNTS Intelligence suggests ...

The quick growth of neobanks and FinTechs has put an increased emphasis on secure money movement. Ingo Payments CEO Drew Edwards details the challenges in money movement and their solutions ...

Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and financial institutions, the company said in ...

The rise of the Click-and-Mortar™ shopper in Brazil may give some tailwind to the use of Pix, the instant payment system that became operational in the country in late 2020. The ...

Nonrecurring or ad hoc payments remain a significant part of the monthly revenues of small to mid-sized businesses (SMBs). One way that SMBs streamline the accounts receivable (AR) process is ...

Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage both firms’ artificial intelligence (AI) ...

Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and ...

From restaurants to rideshare platforms and hospitality, the rise of digital tipping is reshaping how consumers express gratitude for service. This shift toward digital gratuity represents more than just convenience ...

Payments infrastructure provider Transaction Network Services (TNS) has launched payment and network solution Complete Commerce.  As the company noted in a Tuesday (April 16) news release, enterprises need to deliver user-friendly, reliable ...

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4 billion digital logins; digital sales represented ...

Whether it’s employee earnings, Social Security payments, tax refunds, insurance claim payouts, investment distributions or something else, most U.S. consumers now receive some type of disbursement. The number of people getting ...

Wilmington, Delaware-based WSFS Bank has launched a new offering that lets customers receive eligible direct deposits from employers and recurring government benefits up to two days early. There are no costs or fees ...

The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash.  This change is meant to limit how ...

Disbursements are a critical part of the modern economy, with more than 170 million consumers in the United States receiving at least one within the past year. These come in ...

Verituity has teamed up with Mastercard to enable near-real-time payments for commercial banks and payers. This collaboration sees Verituity’s white-labeled payments platform integrating Mastercard’s portfolio of domestic and international money transfer solutions, Mastercard Move, ...

Onbe and ScrapRight have partnered to help scrapyards and recycling centers make instant digital payouts to sellers. With this partnership, Onbe’s digital payouts gateway has been integrated with ScrapRight’s recycling management software, the companies ...

The Clearing House says its CHIPS network has migrated to the ISO 20022 messaging format. The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, ...

Trustly launched a payments partnership with games company Light & Wonder. The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s RAPIDPLAY solution, according to a Wednesday ...

Defined by their sporadic and one-off nature, ad hoc payments have traditionally provided a flexible solution for compensating individuals for their services, catering to the needs of both employers and ...

Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core Payments; Commercial and New Payment Flows; ...

Wirex says it is creating a decentralized autonomous organization (DAO) for its payment platform WPay. The project is designed to give users the opportunity to play a larger role in shaping the future of ...

Ad hoc payments — non-recurring payments made outside of normal invoicing and payroll processes — are somewhat of a nuisance to enterprises. However, instant payment methods increasingly offer a way ...

Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain technology for cross-border payments, the companies ...

PayToMe.co integrated Stripe Connect to scale globally and enhance its payments solutions for platforms and marketplace. The integration will facilitate onboarding, global payouts, payment compliance and know your customer processes, with solutions tailored to ...

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in wait. “Everybody feels like the scammers ...

Real-time payments continue to gain global momentum in 2024. Two new national players joined the scene in March, and others are introducing significant advancements to their services. Real-Time Payments in Qatar Leading ...

The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both metrics are growing 15% per quarter, ...

Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize the routing of funds instantly via ...

The popularity of instant payouts has grown in recent years. In 2017, only about 4% of disbursements were paid instantly; as of January, 32% of payments were delivered instantly, according to ...

The Clearing House said its CHIPS system saved participants $4.9 billion in 2023. Those savings were derived from the CHIPS (Clearing House interbank payment system) liquidity savings algorithm to the tune ...

Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company ...

Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions are facilitated by UPI, and the ...

Today’s corporate treasurers face a dynamic set of demands. These requirements, which have traditionally centered around core activities like working capital management, banking, investments, risk management for currencies and interest rates, ...

Drew Edwards, CEO of Ingo Payments, and Doug Brown, president of NCR Voyix, told PYMNTS’ Karen Webster that the new instant payments rails will eventually go mainstream now that there are two bank ...

As real-time and account-to-account transactions rise and payments fraud continues to rise with them, Visa is putting artificial intelligence (AI) to work. The company announced Wednesday (March 27) that it ...

TD Bank introduced a tool that lets customers get direct deposits two days early. TD Early Pay, announced in a Tuesday (March 26) press release, is part of a pair of new ...

If video killed the radio star, then what has digitization done to the banking landscape? Well, some observers believe it may have just given the industry a new lease on ...

The rise of the gig economy may have significant, positive knock-on effects for faster disbursements and earned wage access options. In this environment, supplemental income is a pursuit, especially among high-income ...