Characterized by a complex network of banks, FinTechs and technology providers, the modern money mobility ecosystem makes access to money faster and more efficient — and more accessible. At the same time, it creates new ways for service providers to innovate financial services and strengthen...
Instant payments are rapidly becoming a preferred method for disbursements, revolutionizing how consumers, SMBs and enterprise senders manage their finances. And there is a consistent theme: As adoption grows, satisfaction and financial performance improve. Get the Full Story Complete the form to unlock this article...
What do gig workers and gamers have in common? Both are driving a seismic shift in how businesses manage payments — and instant is the name of the game. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
What would a fully digital government payment system look like — and why does it matter? 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...
How many potential borrowers are lost to cumbersome loan processes and slow disbursements? Today’s consumers expect the speed and convenience they find in other digital services — but traditional loan processes often fall short. According to the latest “Money Mobility Tracker®,” 73% of borrowers are...
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...
Enterprises regularly make ad hoc payments to consumers and small- to medium-sized businesses (SMBs). In the last year, the share of accounts payable (AP) comprised of ad hoc payments has grown substantially. This suggests that companies are shifting to business models where they do not...
Delayed and incorrect payments are a perpetual headache for the construction industry. These issues not only burden accounting teams but also have serious downstream ramifications. Project delays and canceled contracts are just some of the consequences of payment problems. In the United States alone, slow...
Consumers receive a variety of disbursements. These include earnings and income payments, Social Security payments, tax refunds, insurance claim payments and loan proceeds. In fact, 53% of U.S. consumers received at least one nongovernment disbursement in the previous 12 months as of July. This share...
