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PYMNTS Intelligence: Merchants Can Ride Faster Payments to Improved Customer Loyalty
PYMNTS Intelligence: Merchants Can Ride Faster Payments to Improved Customer Loyalty
April 24, 2023  |  Faster Payments

Shifting preferences favoring transaction speed and ease have led many organizations to move toward faster payment methods. In fact, 54% of North American businesses say...

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An Insider on Open Banking’s Power to Deliver Faster Payments
An Insider on Open Banking’s Power to Deliver Faster Payments
April 21, 2023  |  Faster Payments

Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as...

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Speed Could Drive Demand for Open Banking Payments
Speed Could Drive Demand for Open Banking Payments
April 20, 2023  |  Faster Payments

Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow...

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Instant Wage Payouts Could Aid Employers as Workers Eye Better-Paying Jobs
Instant Wage Payouts Could Aid Employers as Workers Eye Better-Paying Jobs
April 19, 2023  |  Faster Payments

Wage growth is still on the rise despite the recently cooling job market, leading some employers to turn to pay-related “perks” in order to retain...

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Consumers Would Pay a Fee for Faster Insurance Payouts
Consumers Would Pay a Fee for Faster Insurance Payouts
April 14, 2023  |  Disbursements

Consumers’ need for speed when it comes to insurance payouts may be at odds with common practices in the sector.  When consumers are owed money,...

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Instant Payments Have a Batch-Based Systems Problem – Consumers Say Figure it Out
Instant Payments Have a Batch-Based Systems Problem – Consumers Say Figure it Out
April 14, 2023  |  Disbursements

What typically happens when consumers want a particular product or service, have expressed their strong desire for it, see other providers with similar capabilities offering...

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PYMNTS Intelligence: Partnering to Power Growth With Instant Loan Disbursements
PYMNTS Intelligence: Partnering to Power Growth With Instant Loan Disbursements
April 13, 2023  |  Loans

Instant disbursements adoption set records in 2022 and is anticipated to continue increasing in the near term. The only disbursements that consumers were significantly less...

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The Inside Take on AI’s Role in Streamlining Lending for All
The Inside Take on AI’s Role in Streamlining Lending for All
April 12, 2023  |  Loans

Instant disbursements adoption set new records in 2022 — except in lending, where two-thirds of FinTech FI customers would eagerly pay extra for instant disbursements....

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Lending Is Ripe for an Instant Disbursements Transformation
Lending Is Ripe for an Instant Disbursements Transformation
April 11, 2023  |  Loans

As inflation rises and recession looms, consumers are anxious about their finances. With 48% of consumers less likely to take out a loan since interest...

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