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...
Grocery stores, convenience stores and pharmacy retailers seeking to modernize their in-store payments systems to give consumers more options are prioritizing real-time payments. Real-time payments are being explored as an eCommerce option, but some merchants are also exploring the possibility of bringing the method into...
Only a slim minority of manufacturers and retailers are investing in real-time payments. Joint research from PYMNTS and Corcentric, as detailed in the report titled “Payments Technology’s Future: Retailers. Manufacturers Seek Better Workflows,” shows that firms in these verticals are taking the time and spending...
Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was a deciding factor for businesses when looking for banking partners, for example, and four-fifths of companies say that real-time payments...
Real-time payments provide value because knowing exactly when a payment will be received cannot be overstated. This is especially true for those with tight cash flow when paying rent or bills. Minimizing financial anxiety is important for consumers and businesses, and real-time payments can provide...
The RTP® network does not only offer secure payments that settle in seconds. It also offers payment messaging capability, digital commerce services and a host of other features that have driven banks and businesses to join in droves. Five years after its introduction, the RTP...
In this month’s “Real-Time Payments Tracker®,” Rupa Krishnan, head of global real-time payments at J.P. Morgan Chase & Co., reflects on the RTP® network’s five-year anniversary and looks ahead to possible new use cases, including why it is poised to disrupt cross-border payments.
Retailers’ efforts to meet consumers’ instant gratification can get a boost from the pay-by-bank online bank transfer. “We live in a world today where everyone wants everything now,” Neil Erlick, chief corporate development officer of Nuvei, told PYMNTS in an interview, noting the emergence of...
Real-time payments have become table stakes for countries worldwide. Europe has more than half of the world’s real-time payment-enabled markets, with 20 nations now using the Single Euro Payments Area (SEPA) Instant Credit Transfer scheme. Asia also has a substantial real-time payments presence, with 13...
