In an effort to help carriers with cash flow, digital freight network Convoy is enhancing its payments service to add money to carriers’ bank accounts within eight hours of load completion. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
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Real-time payments’ popularity has soared in the United States since the 2017 introduction of The Clearing House’s RTP® network, which offered businesses and consumers an exponentially faster way to transfer funds than legacy methods such as paper checks, wire transfers and cash. The pandemic gave the...
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The Federal Reserve is readying its FedNow payments system for launch next year, a move supporters say will make near-instant payments widely available. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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Despite well-known fears, businesses that actually use real-time payments experience fraud 25% less often than those companies that use other methods to move money to end user accounts. Modern Treasury’s Chief Growth Officer Rachel Pike tells PYMNTS how implementing real-time payments can maximize cash flow...
Money movement automation platform Astra is using Visa Direct, Visa’s real-time payments service. 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....
Middle-market companies (those with sales from $20 million to $1 billion) have been relatively slow to adopt real-time payment (RTP) technologies, even though they recognize and value the advantages. Their greatest concern about the method of payment is the biggest hurdle to adoption. Yet “Accelerating...
