Disbursements

Wyoming reportedly tested its planned state-issued stablecoin, the Wyoming Stable Token (WYST), Thursday (July 17), seeing how it could be used for real-time payments to government contractors. The state teamed up with ...

The Clearing House’s RTP® Network processed $481 billion in the second quarter, a 195% increase over the prior quarter. “What’s behind the surge? Businesses and financial institutions are embracing larger, faster ...

Fifth Third Bancorp saw its investments in tech-enabled products continue to pay off in the second quarter, Fifth Third Chairman, CEO and President Tim Spence said Thursday (July 17) during ...

Visa and ICBA Payments, a subsidiary of the Independent Community Bankers of America (ICBA), have renewed their 40-year partnership and plan to expand it by providing community banks with streamlined ...

In a world where convenience is the baseline and immediacy is expected, a slow refund can do more than frustrate. It can send customers running. Data from the latest “Money Mobility ...

The Bank of England says it’s working on a new infrastructure for U.K. retail payments. This new model, the central bank’s Payments Vision Delivery Committee said in a news release Tuesday ...

In March, the White House handed down an executive order mandating that the federal government will stop issuing paper checks for disbursements, effective Sept. 30, and will stop accepting them ...

Watch more: CFOs Face Mounting Pressure to Secure Faster B2B Payment Rails B2B payments risk is no longer a back-office headache; it’s a C-level priority. As real-time rails proliferate, suppliers expect cash ...

The United States government, the world’s largest payer, is on the cusp of a dramatic digital transformation. By Sept. 30, 2025, the federal government will cease issuing paper checks for disbursements, ...

Consumers and businesses expect payments to be fast, seamless and secure, Visa Commercial Solutions SVP, Global Head of Commercial Product Gloria Colgan writes in a new PYMNTS eBook, “Halftime 2025: ...

The transaction limits tied to real-time payments have been marching steadily higher. For banks using the instant payments rails, the stage has been set for a summer surge in higher dollar-value ...

While real-time networks like The Clearing House’s RTP® network have surpassed 1 billion transactions, a critical gap persists. The PYMNTS Intelligence report “The Real-Time Leap: Closing the Gap Between Receiving and ...

Real-time payments are emerging as the modern standard for transactions that are not only fast and efficient but also convenient. By cutting down transaction times from days or hours to mere ...

Real-time payments are expanding as financial institutions (FIs), FinTechs and central banks introduce new solutions to meet growing demand. Innovations in North America, Europe and Latin America are making instant ...

Recent data underscores a durable trend: Consumers expect and demand instant access to their money, particularly for larger sums, and exhibit clear preferences for where this money lands — primarily ...

The wheels of commerce in the trucking and transportation industry are increasingly turning on the speed of payments, a shift driven by operational needs and drivers themselves. The “Money Mobility Tracker” ...

Watch more: TCH, Comerica Unlock More RTP Network Use Cases Under New Rules The Clearing House (TCH) debuted the RTP® network seven years ago and broadened its capabilities this year to ...

Eliminating paper checks from government disbursements will reduce fraud and speed up the delivery of payments to recipients, three bank groups told the Treasury Department Monday (June 30). The Bank Policy Institute, The Clearing House ...

Imports and exports are fluctuating wildly. The long-term strategy behind the tariff negotiations and renegotiations — with a July 9 deadline for new trade deals — has been to bring ...

A transformation is underway within the credit union ecosystem, where innovation in financial products and services is no longer exclusive to the largest or most well-resourced institutions. The PYMNTS Intelligence report ...

Watch more: Federal Deadline Approaches as Agencies Struggle to Move Beyond ACH Payments A looming Sept. 30 deadline set by an executive order to digitize federal government disbursements, a move affecting ...

Financial institutions are rapidly abandoning the notion of picking a single lane in the real-time payments highway, instead opting for a dual-track approach to meet evolving consumer and business demands. A recent report ...

Visa and GiveCard partnered to help nonprofits and government agencies implement digital disbursement programs. The collaboration will bring together Visa’s prepaid debit cards and GiveCard’s disbursement technology, creating a turnkey solution ...

Watch more: Bank of America Equips Canadian Businesses for Real-Time Treasury Canada’s payments landscape is being recast at high speed, and the once-predictable routines of corporate treasurers are being pushed into ...

Mastercard will begin allowing U.K. banks and financial institutions to access its fifth-generation account-to-account (A2A) instant payments via a sandbox later this year. This offering will allow U.K. banks and financial ...

Cross-border payments FinTech Tensec raised $12 million in new funding. The financing will help the company provide payments and financial services for companies in the $190 trillion cross-border payments market, according ...

For decades, banking infrastructure meant heavy metal — mainframes, on premises, in-house and legacy systems layered upon legacies. Batch systems and processing, and a set schedule of money movement. The systems ...

Faster payments are fundamentally changing how commercial banks and credit unions deliver value and differentiate themselves. This shift extends beyond mere transaction speed; it’s about aligning payment capabilities with the evolving ...

Syria has reportedly made its first international bank transfer via the SWIFT system since 2011. As Reuters noted in its report Thursday (June 19), that was the year the country’s civil ...

Regulators and lawmakers are taking a fresh look at payments fraud, and as a result, federal action may be brought to bear on the growing challenge of check fraud. On Monday ...

Mastercard says it is expanding its relationship with National ITMX (NITMX), the Thailand-based developer and service provider of electronic payments. This effort, the company announced Tuesday (June 17), will power PromptPay, ...

The trucking and transportation industry depends on timing. When parts, fuel or payments don’t arrive on time, everything downstream suffers. In recent years, instant payments have helped address part of ...

Latin America’s financial landscape continues its digital transformation as digital payments rapidly displace traditional cash transactions, signaling a new era for commerce and financial inclusion. A recent PYMNTS Intelligence report titled, ...

Visa has teamed with eTip, a digital tipping platform for the hospitality and service industries. The collaboration is designed to help deliver funds directly to participating digital wallets in real time, ...

PayPal says it has developed a way to turn online ads into merchant storefronts. “Storefront Ads” uses PayPal’s transaction graph and payment rails to turn “recommended products into ‘buy now’ opportunities ...

The roar of the crowd. The hum of a busy airport terminal. The gentle sway of a cruise ship. These environments, as varied as they are, now share a common ...

India’s government is denying rumors of new fees on the country’s popular instant payment system. “Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, ...

The global financial ecosystem is undergoing a rapid transformation as real-time payment systems gain traction. As these systems become more prevalent across the financial landscape, they’re setting new benchmarks for transaction ...

Six weeks after The Clearing House raised the transaction limit on real-time payments from $1 million to $10 million Feb. 9, transactions over $1 million accounted for 52% of the ...

The ability for large enterprises to disburse funds instantly has become a key strategic priority, especially when demands for immediate payments are high. For businesses where a large share of ad ...

The new head of the Social Security Administration (SSA), former Fiserv CEO Frank Bisignano, is working to make the agency a “digital-first organization.” With his private-sector experience and with help from ...

Plaid now enables instant pay-ins as well as instant payouts via its flexible multi-rail payment platform, Plaid Transfer.  The financial data network has added support for real-time pay-ins via Request for Payment (RfP) ...

A shift in public-sector disbursements is underway. Beginning Sept. 30, all federal agencies must replace paper-based payments with digital disbursements, including real-time payments, direct deposit, prepaid cards and digital wallets. The ...

Brazil’s central bank is reportedly set to launch the long-awaited recurring payments feature for its instant payment system Pix on June 16. The feature, which is called Pix Automático and was ...

For too long, disbursements have been treated as transactional endpoints — money out, job done. But a growing number of banks are starting to see them differently: not as the ...