Innovation traditionally moves faster than regulation. Except, as it seems, when it sometimes comes to modernizing legacy banking and payments core infrastructure, where regulation can get the edge. As covered here, nearly three-quarters of banks (73%) remain unprepared for compliance with the ISO 20022 financial...
The hospitality industry has seen a resurgence since COVID-19, and international travel and tourism are expected to surpass pre-pandemic levels. To capitalize on the growth, hospitality businesses must adapt to the expectations of tech-savvy travelers. According to the PYMNTS Intelligence report “Check-In Time: Hospitality Welcomes...
Instant payments in the European Union will reach a milestone Thursday (Jan. 9). That’s when banks and payment service providers must be able to receive instant payments. Through the past several years, PYMNTS Intelligence has tracked the development and momentum of faster payments across the...
TurboTax has introduced what it calls a first-of-its-kind tax refund offering. It’s part of a suite of new offerings the Intuit-owned tax filing service introduced Wednesday (Jan. 8), ahead of the 2024 tax season. “For millions of Americans, the tax refund, averaging over $3,000, represents...
January 13, 2025
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and modernized infrastructure in Brazil have also moved the needle to the point where the region is arguably moving faster toward digital transformation than anywhere else […]
January 09, 2025
The hospitality industry has seen a resurgence since COVID-19, and international travel and tourism are expected to surpass pre-pandemic levels. To capitalize on the growth, hospitality businesses must adapt to...
January 08, 2025
Instant payments in the European Union will reach a milestone Thursday (Jan. 9). That’s when banks and payment service providers must be able to receive instant payments. Through the past...
January 06, 2025
Many financial institutions remain hesitant to adopt real-time payments due to concerns over legacy system upgrades, fraud risks, and customer demand. A PYMNTS Intelligence report explores these barriers and the...
January 08, 2025
TurboTax has introduced what it calls a first-of-its-kind tax refund offering. It’s part of a suite of new offerings the Intuit-owned tax filing service introduced Wednesday (Jan. 8), ahead of the 2024 tax season. “For millions of Americans, the tax refund, averaging over $3,000, represents the largest paycheck of the year,” TurboTax said in a […]
December 12, 2024
Payment technology company FlexPoint has launched an artificial intelligence (AI)-powered system that processes automated clearing house payments the same day instead of the typical five-day wait, using AI to assess...
December 12, 2024
Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will begin in April 2025, allowing...
December 06, 2024
With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent...
