Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection regulations. The companies’ new Disbursement Hub is designed to help financial institutions meet the challenge of the evolving regulatory landscape around account closures and fund disbursements, according to a Thursday (May 16) press release. “Our strategic...
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third of companies surveyed said improved customer/client satisfaction would be part of improved ad hoc payments....
Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017....
Nearly three-quarters of consumers want their disbursements paid to them instantly, but only one-third actually receive them instantly. Whether they are getting earnings, income payments, Social Security payments, tax refunds, insurance payments, loan disbursements or some other type of payout, PYMNTS Intelligence data found that...
May 22, 2024
Amid the hype about the FedNow® Service approaching its one-year mark, instant payments may finally be settling down into more grounded territory, specifically, liquidity, competitive advantage and the customer experience. Those factors were top of mind for Ingo Payments CEO Drew Edwards, who told Karen Webster in an interview that the groundswell in instant payments set in motion by FedNow may be abating a […]
May 02, 2024
Use cases for real-time payments have never been a source of argument, even among detractors. The ability to speed bill payment and peer-to-peer flows, as well as move money instantly, has been...
May 01, 2024
Nearly three-quarters of consumers want their disbursements paid to them instantly, but only one-third actually receive them instantly. Whether they are getting earnings, income payments, Social Security payments, tax refunds,...
April 04, 2024
The popularity of instant payouts has grown in recent years. In 2017, only about 4% of disbursements were paid instantly; as of January, 32% of payments were delivered instantly, according...
May 17, 2024
Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection regulations. The companies’ new Disbursement Hub is designed to help financial institutions meet the challenge of the evolving regulatory landscape around account closures and fund disbursements, according to a Thursday (May 16) press release. “Our strategic partnership is a crucial step to help financial institutions navigate […]
April 10, 2024
Trustly launched a payments partnership with games company Light & Wonder. The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s RAPIDPLAY solution, according to a...
April 02, 2024
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the...
March 26, 2024
TD Bank introduced a tool that lets customers get direct deposits two days early. TD Early Pay, announced in a Tuesday (March 26) press release, is part of a pair of...
