May 13, 2024
Solana Foundation Goes All In on Blockchain as a Mainstream...
The landscape of digital assets, blockchain and Web3 technologies is undergoing a shift. What was once considered theoretical or looked at askance in light of scandal and volatility is now increasingly...
May 10, 2024
Instant B2B Payments Reshape Buyer-Supplier Dynamics
The B2B payments landscape is uniquely large, and largely unique. Responsible for around $125 trillion in annual volume, the B2B payments marketplace is defined by both its antiquated status quo...
May 10, 2024
Less Than Half of FinTech Banks Let Consumers Make P2P...
FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer...
May 10, 2024
Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor...
In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that TabaPay would be ending its...
May 10, 2024
Better Instant Payments Availability Could Keep America Truckin’
As the primary transporters of goods in the U.S., truck drivers play a crucial role in the country’s supply chain. Even so, the turnover rate among this group is high,...
May 10, 2024
Progress and Protection: Balancing Convenience and Security in Digital Banking
Digital transformation continues to fundamentally reshape the financial industry, promising unparalleled convenience through advancements such as artificial intelligence (AI), open banking and real-time payments. It also opens doors to both...
May 09, 2024
Study Finds Small Business Healthcare Providers Receive 25% of Payments...
Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency. Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence surveyed for “Small Business Real-Time...
May 09, 2024
InsurTech Firm Cover Genius Taps Adyen for Payments Processing
InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims to increase the Cover Genius’s...
May 08, 2024
Trimble Acquires Flashtract to Expand Connected Construction Technology Ecosystem
Trimble has acquired Flashtract to add construction payment, compliance and lien waiver capabilities to its connected construction technology ecosystem. Flashtract’s technology streamlines the flow of payment and compliance information between construction general contractors and subcontractors,...
Real-time payments continue their global sweep, with over 266 billion transactions recorded worldwide in 2023, a 42% year-over-year increase, and even more growth forecasted for the foreseeable future. In the U.S., as the latest “Real-Time Payments World Map,” a collaboration with The Clearing House, explores, some banks are slow to meet customer demand for real-time options, but JPMorgan is piloting a new real-time service that could soon benefit its 60 million retail clients.
Compared to restaurant and healthcare SMBs, those in transportation are around 20% more likely to have adopted instant payments as their most used way to send payments. PYMNTS Intelligence’s latest 49-page report, “Small Business Real-time Payments Barometer: Transportation Edition,” a collaboration with The Clearing House, includes 12 charts of exclusive data showing how transportation SMBs are winning the race.