Faster Payments news and trends

Chase’s New SMB Offerings Point to Appeal of Ad Hoc Real-Time B2B Payments

May 02, 2024
Chase SMB Offerings Point to Appeal of Real-Time B2B Payments
Are Real-Time Payments Near an Inflection Point? Bank of America Thinks So
Real-Time Payments // 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 around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017....

58% of Freelance and Contract Workers Would Pay to Get Paid Faster
Disbursements // 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, insurance payments, loan disbursements or some other type of payout, PYMNTS Intelligence data found that...

Google Transitioning Fitbit Pay to Google Wallet in Most Countries
Payment Methods // April 30, 2024

Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will no longer be available starting July 29, 2024.” There is an exception to that in...

Fiserv Debuts Communication Tools to Boost On-Time Payments
B2B Payments // April 30, 2024

Payments technology firm Fiserv is offering billers new communications tools to get paid faster. The new capabilities, announced Tuesday (April 30), let billers incorporate call-to-action notifications and alerts into existing workflows to send personalized bill payment reminders or messages using email, texts, phone calls or interactive voice response...

Interviews & Exclusives
Are Real-Time Payments Near an Inflection Point? Bank of America Thinks So

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 around for a while. The FedNow® Service debuted last summer, while The Clearing House’s RTP® network has been operating since 2017. But what will it take to bring these use cases […]

58% of Freelance and Contract Workers Would Pay to Get Paid Faster

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,...

Real-Time Rental Payments Provide Alternative to Outdated Systems

April 30, 2024
More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum, rent payments often rely on...

NCR Voyix Warns on Instant Payments Adoption Delays

April 17, 2024
Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and...

Quick Reads
Google Transitioning Fitbit Pay to Google Wallet in Most Countries

April 30, 2024
Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will no longer be available starting July 29, 2024.” There is an exception to that in three countries; Fitbit devices will continue to will continue to […]

Fiserv Debuts Communication Tools to Boost On-Time Payments

April 30, 2024
Payments technology firm Fiserv is offering billers new communications tools to get paid faster. The new capabilities, announced Tuesday (April 30), let billers incorporate call-to-action notifications and alerts into existing workflows to send...

Airwallex and BILL Partner to Enable Faster International Payments

April 30, 2024
Airwallex and BILL partnered to help BILL customers make faster international payments. With this collaboration, BILL’s financial operations platform for small– to medium-sized businesses (SMBs) will add the local transfer capabilities of Airwallex’s global...

Stripe to Launch Support for Global Stablecoin Payments This Summer

April 25, 2024
Stripe is bringing back crypto payments after stopping them in 2018. John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter): “Crypto is back.” Crypto is...