Instant Pay news and trends

Instant Reimbursements for Employee Expenses Rise 15% in 2023
Money Mobility // December 05, 2023

Business travel is increasing as professionals attend industry conferences and meet with clients in person now that pandemic-related measures have lifted. This rise has also led to an uptick in business expenses and the need to reimburse employees. With the rise of digital payments, employees...

Ad Hoc Payments Represent One in Every Four Vendor Payables
Money Mobility // November 15, 2023

Ad hoc payments are irregular payments made outside normal invoicing and payroll processes and are somewhat of a nuisance. On average, these payments account for a small share of enterprise senders’ volume, representing just 24% of accounts payable (AP). While ad hoc payments can be...

Instant Pay May Aid Nursing Recruitment During Shortage
Payment Methods // April 24, 2023

Hospitals and other healthcare-related facilities are turning to gig economy apps to fill gaps in their nursing staff. This employment crunch began in 2020 and 2021 as a direct result of pandemic-related pressures but has continued into 2023. The shortage amounts to the largest drop in nursing employment in...

ACI Worldwide Debuts ‘Instant Pay’ Ahead of FedNow Launch
Faster Payments // January 17, 2023

Payments company ACI Worldwide has unveiled a real-time payment solution for merchants. Launched Tuesday (Jan. 17), ACI Instant Pay is designed to help merchants boost their business ahead of the planned debut of the U.S. domestic real-time payments scheme FedNow later this year. It also...

Interviews & Exclusives
Property Managers Issuing Refunds via Instant Pay Have More Satisfied Tenants

December 11, 2023
Renting an apartment, house or office space means receiving a rent-related refund, such as a returned security deposit or reimbursement for work on the property. As digital options have proliferated for paying rent directly from a bank account, data shows that digitization of refunds has picked up steam. Since these deposits are sizable — usually […]

Instant Reimbursements for Employee Expenses Rise 15% in 2023

December 05, 2023
Business travel is increasing as professionals attend industry conferences and meet with clients in person now that pandemic-related measures have lifted. This rise has also led to an uptick in...

Instant Pay May Aid Nursing Recruitment During Shortage

April 24, 2023
Hospitals and other healthcare-related facilities are turning to gig economy apps to fill gaps in their nursing staff. This employment crunch began in 2020 and 2021 as a direct result of pandemic-related pressures but...

Quick Reads
ACI Worldwide Debuts ‘Instant Pay’ Ahead of FedNow Launch

January 17, 2023
Payments company ACI Worldwide has unveiled a real-time payment solution for merchants. Launched Tuesday (Jan. 17), ACI Instant Pay is designed to help merchants boost their business ahead of the planned debut of the U.S. domestic real-time payments scheme FedNow later this year. It also comes at a time when a majority of merchants in […]

TD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay

January 15, 2019
TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. 15) that it now enables customers to instantly fund a brokerage account with Apple Pay via an Apple Business Chat...

Uber Drivers Embrace Instant Pay

April 06, 2017
Last year Uber, the ride-hailing app, rolled out Instant Pay in an effort to get drivers to get paid right away, and after opening the program up to all Mastercard,...

Uber Expands Instant Pay For Drivers

August 17, 2016
People love the convenience of hailing a ride via Uber, and its drivers love the idea of getting paid to give people rides. And it turns out 80,000 drivers want...