What will it take to save the trees? To cut out the cutting of checks? In a long-running series, Ingo Money CEO Drew Edwards has delved with PYMNTS’ Karen Webster into the lures and values of push payments, where money is moved directly onto users’...
P2P FinTechs like Venmo and Square Cash gained popularity by winning over millennial users, which was rad. Now, the bank-backed platform Zelle is escalating competition by targeting millennials and their parents. Is it game on? In this month’s PYMNTS Faster Payments Tracker™, powered by NACHA,...
The Department of Justice (DOJ), coming off a nearly year-long antitrust review, has signed off on a real-time payment network that is being created by JPMorgan Chase, Citigroup, Bank of America, Wells Fargo and other banks. Get the Full Story Complete the form to unlock...
When today’s consumers need something, they expect to get it right away. Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. In the world of payments, the need for instant gratification is...
While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in the entrepreneur’s toolbox. Some businesses may have declined the option to get a debit card with their business account, and those that did...
Hollywood sequels tend to disappoint, but what about Same Day ACH sequels? In the latest PYMNTS Faster Payments Tracker™, powered by NACHA, Laura Steele, CEO of Regional Payments Association ePayResources, says that after demonstrating Y2K-like preparedness to ensure the smooth implementation of Phase 1 last...
In mid-September, the second phase of the Same Day ACH initiative will roll out across the U.S. faster payments system. But unlike last year’s rollout, which some in the financial industry compared to a Y2K-like event, the industry seems calmer about the upcoming change. Will...
U.S. institutions will soon be seeing their real-time payments options expanding with the announcement that SWIFT will provide a gateway to The Clearing House’s real-time payments (RTP) platform. Said gateway will allow SWIFT to provide an interface to manage the requirements of sending and receiving domestic instant...
Previous stereotypes be damned, recent research pegs Millennials as entrepreneurial, with almost half the generation planning to start businesses within the next three years. For community banks, it’s a wake-up call to adopt faster payment solutions that younger customers expect — or get left behind....
