Faster Payments

Faster Payments
Worldpay Debuts Near-Instant Refund Tool for UK Shoppers
November 27, 2024

Worldpay introduced what it called a “first-of-its-kind service” capable of delivering near-instant refunds. The refunds — the speed of which depends on the receiving financial institution — are designed to help close the gap between consumer expectations and merchant capabilities, the company said in a...

Faster Payments
Brazil’s PicPay Begins Offering Instant Payments via Meta and Microsoft
November 11, 2024

Digital bank PicPay is offering access to Brazil’s Pix instant payment system via WhatsApp. The new artificial intelligence (AI)-powered offering, announced Monday (Nov. 11), is made possible by PicPay’s partnerships with WhatsApp owner Meta and Microsoft. “Unlike traditional chatbot assistants, PicPay’s GenAI, developed in-house and powered by Microsoft...

Faster Payments
Need for Speed: How Instant Ad Hoc Payments Future-Proof Enterprise Relationships
November 04, 2024

From vendor pay to gig workers, enterprises are merging into the fast lane for payments. And as enterprises adopt models that rely on agile, ad hoc transactions, instant payments, once considered an option for specific payment scenarios, are now emerging as a central pillar of...

Faster Payments
Keeping the Sale: The Power of Seamless Payment Choices at Checkout
October 23, 2024

The last thing that a merchant wants is to see a consumer or business customer go through the process of identifying the product or service that they want and get to the finish line, only to abandon the transaction. The key to avoiding such a...

Faster Payments
Nacha: Same Day ACH Volume Leaps 65.7% in Q3
October 17, 2024

Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments rose 38.8%. Those increases brought the number of Same Day ACH payments in the third quarter to 355.2 million and...

Faster Payments
Tyfone Tackles Instant Payments Fraud With Payfinia Launch
October 15, 2024

Digital banking solutions company Tyfone has formed Payfinia, a new entity centered around instant payments. The new venture relies on Tyfone’s digital banking user experience expertise, developed through its Instant Payment Xchange (IPX), a money movement gateway to the FedNow Service, the company said in a Tuesday...

Faster Payments
Indeed Flex and Branch Team to Offer Temps Same-Day Pay
September 30, 2024

Temporary staffing platform Indeed Flex launched a partnership with workforce payments company Branch. Via the collaboration, the companies are offering Same Day Pay, which lets Flex users get up to half their earnings within an hour after finishing a shift, according to a Monday (Sept....

Faster Payments
Alchemy Pay Integrates Crypto Card With Google Pay for Faster, More Secure Payments
September 23, 2024

Fiat-cryptocurrency payment gateway Alchemy Pay’s Virtual Card now supports Google Pay, enabling users to pair the card with that digital payment platform. By adding the crypto card to Google Pay, users can make payments for everyday transactions more quickly and securely, Alchemy Pay said in...

Faster Payments
Walmart Teams With Fiserv on Instant Bank Payments
September 19, 2024

Walmart is reportedly enhancing its pay-by-bank offering via a partnership with Fiserv. The retailer began offering pay-by-bank with Walmart Pay earlier this year, Bloomberg reported Thursday (Sept. 19). But those transactions, processed through the Automated Clearing House, typically took three days to finalize. Under the...