Real-time payments are no longer waiting for a killer app. From Pix becoming an everyday payment method in Brazil to RTP and FedNow moving deeper into U.S. business payments, checkout and cross-border use cases, the rails are increasingly in place. South America shows what happens...
Watch more: Need to Know With The Clearing House’s Cheryl Gurz After eight years of industry outreach and infrastructure investment, instant payments are becoming familiar enough that businesses increasingly understand the product. “We are successful in awareness,” Cheryl Gurz, vice president of Real Time Payments...
Businesses that use real-time payments tend to see more value than businesses still deciding whether they need them at all. The divide emerged from the PYMNTS Intelligence report “The Real-Time Perception Gap: How Experience Is Driving the Next Phase of Instant Payments Adoption,” the June...
Brazil’s Pix instant payment system is widely popular in the country. However, the system’s model, run by Brazil’s central bank, has begun appealing to several other countries, leading to tensions between the governments of the United States and Brazil, Reuters reported Tuesday (July 21). U.S....
The United States does not lack instant payment rails. It lacks a simple, universal front door to them. That is the larger significance of X9.150, a new American national standard for merchant-presented payment QR codes, published Tuesday (July 14) by the Accredited Standards Committee X9....
People in Brazil seem to love the Pix instant payment system. The U.S. government is a different story. Last year, the U.S. Trade Representative (USTR) launched a probe into what it called “unfair trade practices” by Brazil, with one part of the investigation examining whether...
Business clients don’t want to hear that the payment is “in process.” They want to know that the money was moved, the supplier was paid and the bank can prove it. Nearly nine in 10 institutions rate the ROI of instant business-to-business (B2B) payments as...
Three years after the Federal Reserve launched the FedNow® Service, the instant payment infrastructure serves 1,800 financial institutions, including seven of the 10 largest banks, and reaches over half of all U.S. checking and savings accounts. “With strong, double-digit volume growth and billions in value...
Real-time money movement is beginning to alter the expectations surrounding healthcare and HR benefits where reimbursement timing and payout clarity have long been sources of frustration for employers and participants alike. Within healthcare and human resources (HR) benefits, those frictions remain deeply embedded in the...