real time payments

Real time payments – also known as realtime payments, instant payments or immediate payments as electronic retail payment solutions that are available 24/7/365.

Consumers ‘Leading the Way’ on Real-Time Payments, According to Bank of America
Consumers ‘Leading the Way’ on Real-Time Payments, According to Bank of America
July 24, 2023  |  Payment Methods

As consumer behavior goes, the corporate response follows. Miyoshi Lee, head of U.S. real-time payments at Bank of America, told PYMNTS that consumers have become...

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This Week In Payments: Rules for AI, Block Picks a Fee Fight and FedNow Arrives
This Week In Payments: Rules for AI, Block Picks a Fee Fight and FedNow Arrives
July 21, 2023  |  Payment Methods

This week in payments saw the SEC weigh in on artificial intelligence (AI), the long-awaited debut of the FedNow instant payments rail to mixed reviews,...

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Financial Institutions and Service Providers Welcome Launch of FedNow
Financial Institutions and Service Providers Welcome Launch of FedNow
July 20, 2023  |  Real-Time Payments

Financial institutions and payment service providers hit the ground running when the Federal Reserve launched the FedNow Service on Thursday (July 20). Many had new offerings ready to go...

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Primer and Volt Partner on Account-to-Account Payments
Primer and Volt Partner on Account-to-Account Payments
July 20, 2023  |  Payment Methods

Primer has partnered with Volt to allow its customers to accept instant account-to-account (A2A) payments via Primer’s payment automation platform. This partnership enables global merchants to benefit from...

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Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
July 19, 2023  |  Faster Payments

And now comes the real test. Almost four years ago, the Federal Reserve announced that it would develop a “round the clock real time payment...

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Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
Study Finds Most FinTechs Don’t Meet Consumers’ Instant Payments Expectations
July 19, 2023  |  Money Mobility

The consumers powering today’s economy are increasingly digital-first, meaning money mobility is a top requirement for any financial services provider — especially FinTechs set on...

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Indonesia and India Explore Cross-Border Payments Pact
Indonesia and India Explore Cross-Border Payments Pact
July 17, 2023  |  Faster Payments

India and Indonesia are reportedly planning to link their fast payment systems. The collaboration, as reported Monday (July 17) by Bloomberg News, is designed to spur cross-border...

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FedNow’s Future and What the Triple Clock Theory Says About It
FedNow’s Future and What the Triple Clock Theory Says About It
July 17, 2023  |  Real-Time Payments

Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time...

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PYMNTS Intelligence: Leveraging Instant Payroll to Improve Employee Satisfaction
PYMNTS Intelligence: Leveraging Instant Payroll to Improve Employee Satisfaction
July 14, 2023  |  Digital Payments

The age of the biweekly pay period seems to be drawing to a close, with workers increasingly preferring to receive their wages as they earn...

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