From vendor pay to gig workers, enterprises are merging into the fast lane for payments. And as enterprises adopt models that rely on agile, ad hoc transactions, instant payments, once considered an option for specific payment scenarios, are now emerging as a central pillar of...
The last thing that a merchant wants is to see a consumer or business customer go through the process of identifying the product or service that they want and get to the finish line, only to abandon the transaction. The key to avoiding such a...
Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments rose 38.8%. Those increases brought the number of Same Day ACH payments in the third quarter to 355.2 million and...
Digital banking solutions company Tyfone has formed Payfinia, a new entity centered around instant payments. The new venture relies on Tyfone’s digital banking user experience expertise, developed through its Instant Payment Xchange (IPX), a money movement gateway to the FedNow Service, the company said in a Tuesday...
Temporary staffing platform Indeed Flex launched a partnership with workforce payments company Branch. Via the collaboration, the companies are offering Same Day Pay, which lets Flex users get up to half their earnings within an hour after finishing a shift, according to a Monday (Sept....
Fiat-cryptocurrency payment gateway Alchemy Pay’s Virtual Card now supports Google Pay, enabling users to pair the card with that digital payment platform. By adding the crypto card to Google Pay, users can make payments for everyday transactions more quickly and securely, Alchemy Pay said in...
Walmart is reportedly enhancing its pay-by-bank offering via a partnership with Fiserv. The retailer began offering pay-by-bank with Walmart Pay earlier this year, Bloomberg reported Thursday (Sept. 19). But those transactions, processed through the Automated Clearing House, typically took three days to finalize. Under the...
If business and commerce are always on in the digital age — existing as 24/7, year-round endeavors — so must the settlement systems that enable a broad range of transactions. In a Sept. 11 letter to central bank chairman Jerome Powell, a group of senators...
First Citizens Bank now lets customers receive instant payments via the RTP network. The offering is open to business and consumer banking customers, allowing them to receive secure, instant payments in their savings and checking accounts, the bank announced Tuesday (Sept. 10). “In today’s fast-paced financial environment,...
