Participating in the gig economy can be difficult — even in the best circumstances — as freelancers often lack many of the comforts salaried employees receive. Benefits like employer-provided health insurance are rare, paid time off is nonexistent and gig workers must proactively seek out...
More than 60 percent U.S. consumers say an unexpected expense of $1,000 would put them in the red — meaning they could be a single delayed or poorly timed paycheck away from financial disaster. In this month’s Real-Time Payments Tracker, PYMNTS spoke with Ron Munkittrick,...
Payroll processing is a constant challenge for businesses of all types and sizes, with one-third of small- to mid-sized businesses (SMBs) in the United States spending five to six hours each month on these procedures. These manual efforts also tend to be inadequate, resulting in...
Faster payments have grown at breakneck speed over the past few years. In the first quarter of 2020 alone, it’s setting new records in payment volumes and payment values. Coinciding with these gains, fraud has grown increasingly more sophisticated and effective, inflicting damaging losses. How...
Insurance giant State Farm is working with the payments fintech Fiserv Inc. to give customers faster payouts for car and fire claims. The company announced on Tuesday (May 11) that it was “incrementally deploying” Digital Pay, which will give its customers “speed and flexibility” in...
There is always some sport or another in season — which means sports betting is always in season. In fact, as we all learned last year when major-league sports leagues shut down worldwide, sports betting was more persistent than the sports themselves, as gamblers proved...
There is a convergence occurring in the B2B payments space that raises new questions about the best path to cutting back friction. The emergence of real-time payment capabilities, coupled with the market entrance of troves of new B2B FinTechs vowing to streamline commercial transactions, has...
Real-time payments may be on everyone’s radar, and though a number of domestic schemes have been proliferating around the world, the U.S. has been lagging, relatively speaking. Interoperability is key for RTP to truly take the global stage, where transactions can speed across borders and...
Jim Aramanda, president and CEO of The Clearing House, explains why the RTP (Real-Time Payments) network is the payments system built for the 21st-century digital economy. In this excerpt from The Connected Economy’s Power Source – CEO Edition, Aramanda shares his insights on the growing...
