Real-time payments are coming to Canada in 2023 as the country’s Real Time Rail (RTR) scheme gets switched on for a nation that’s been making good use of instant electronic transfers for two decades, offering a wealth of near-real-time experience to markets where real time is...
The Single Euro Payments Area (SEPA) is an EU-led initiative intended to harmonize the way cashless euro payments are made across Europe. Every European Union country and several non-EU countries are a part of SEPA. The basic premise of SEPA — that euro payments between...
Inflation climbed to 8.3% over the last 12 months, with the largest price increases seen in the areas of fuel and food. Many otherwise financially stable households have seen their monetary cushions eroded by rising prices, and 64% of consumers reported living paycheck to paycheck...
The European Union should continue working on a pan-European payment solution based on instant payments and a digital euro to avoid relying on United States credit card networks and Big Tech companies for retail payments. This was the main message that Fabio Panetta, board member...
Forty-one percent of U.S. businesses use real-time payments, according to “Accelerating the Time to Realized Revenue,” a PYMNTS and Mastercard collaboration based on a survey of 409 corporate executives from firms in the United States and Canada. Get the report: Accelerating the Time to Realized...
In the "Real-Time Payments Tracker," Novo’s Grant Sahag sheds fresh light on how giving entrepreneurs access to faster payments can ease financial stress and put them on a path to growth and stability.
Consumers are struggling under growing economic burdens exacerbated by such problems as inflation rising more than 8% in the past year. As the digital transformation accelerated and those consumers gained experience with faster digital payments, combining that knowledge with the need to handle tighter financial...
In the five years since The Clearing House launched its RTP network, real-time payments have been making an ever-larger difference in speed, accuracy and security for a growing number of U.S. firms. Not yet available in Canada, firms there have an intense interest. In “Accelerating...
While some bars and restaurants operate on a year-round model, expecting some seasonal variation but more or less working the same way from month to month, those that rely on seasonal tourism rushes have a unique set of challenges to which they need to adapt....
