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Car buyers want instant access to auto loan disbursements, but there are risks to offering real-time speeds, says Raul Alvarez, director of accounting operations at auto financing provider Westlake Financial. In the Real-Time Payments Tracker, Alvarez explains how pre-transaction verification and artificial intelligence (AI)-powered analysis...
Immediate disbursements are gaining favor in various industries and sectors. They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting to receive their funds, while businesses are witnessing the advantages of using real-time payments when transacting with each other. Such...
Make no mistake. While they are a unique sub-segment of global consumers, digital gamers and gamblers are just like every other denizen of the internet: They want to be paid what they have won, preferably as fast as possible. Get the Full Story Complete the...
Legacy banks and financial institutions (FIs) keep scrambling to add new consumer-centric bank tech and digital experiences that layer sizzling consumerization onto sluggish B2B payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Real-time payments (RTP) are ready for their closeup, and decisions are happening behind the scenes now as banks and financial institutions (FIs) consider their RTP strategy for 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Small financial institutions (FIs) that directly integrate with real-time payments (RTP) must do more work than their counterparts that turn to third parties for RTP access. But the initial investment is worth the cost, says Jesse Honigberg, technology chief of staff at Cross River. In...
The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
