Instant Payments news and trends

Visa and SKUx Team to Promote Digital Consumer Payments
Digital Payments // May 16, 2024

Visa has launched a collaboration with digital payments company SKUx. “The agreement will accelerate digital transformation for select merchants and consumer packaged goods companies that leverage SKUx’s payment-based offer solutions — supporting a variety of client use cases; from customer acquisition, to loyalty, to consumer care and recovery, while...

Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
Payments Innovation // May 16, 2024

The best, and most lasting innovations, are those that beget other innovations.  That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of...

Fed Surveys Find Lasting Appeal for Faster, Digital Transactions
Faster Payments // May 15, 2024

Consumers and businesses — running the gamut of transaction types and across demographics —  are pivoting toward faster and digital payment options.  Overall, as detailed in two reports by Federal Reserve Financial Services, last year saw a 31% increase in digital wallet use by businesses, and a...

93% of Truck Drivers Want Instant Payments
Faster Payments // May 15, 2024

Truck drivers help keep the supply chain functioning, but the turnover rate is high in the industry — a reality that can have ripple effects across the entire U.S. economy. PYMNTS Intelligence’s “Generation Instant: How Truckers Use Instant Payments to Support Their Lifestyles” revealed that...

Interviews & Exclusives
Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?

May 16, 2024
The best, and most lasting innovations, are those that beget other innovations.  That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology or infrastructure. Each new innovation becomes a link to subsequent ones, forming a continuous chain of progress. And as the March 2025 adoption deadline for the ISO 20022 message format […]

Better Instant Payments Availability Could Keep America Truckin’

May 10, 2024
As the primary transporters of goods in the U.S., truck drivers play a crucial role in the country’s supply chain. Even so, the turnover rate among this group is high,...

Study Finds Small Business Healthcare Providers Receive 25% of Payments Late

May 09, 2024
Increasingly, small- to mid-sized businesses (SMBs) operating in the healthcare field are using real-time payment technology to improve cash flow efficiency. Thirty-eight percent of the healthcare SMBs PYMNTS Intelligence surveyed for “Small Business Real-Time...

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...

Quick Reads
Banco Santander and Iberpay Launch International Real-Time Payments Service

May 17, 2024
Banco Santander and Iberpay have processed the first international instant transfers based on the European Payments Council’s One-Leg Out Instant Credit Transfer (OCT Inst) scheme. These transfers were initiated and completed in different currency areas Tuesday (May 14), the companies said in a Thursday (May 16) press release. The OCT Inst scheme allows payment service providers in the Single Euro Payments Area (SEPA) to […]

Visa and SKUx Team to Promote Digital Consumer Payments

May 16, 2024
Visa has launched a collaboration with digital payments company SKUx. “The agreement will accelerate digital transformation for select merchants and consumer packaged goods companies that leverage SKUx’s payment-based offer solutions — supporting a variety...

InsurTech Firm Cover Genius Taps Adyen for Payments Processing

May 09, 2024
InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims to increase the Cover Genius’s...

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...