Digital wallets have revolutionized the payment space in recent years. They provide an easy, contactless and secure way to make purchases and transfer money through the convenience of smartphones. The method is the fastest-growing payment option in the United States, which is especially true among...
PYMNTS reporters, analysts and writers do dozens of interviews every week to bring you the editorial package that is PYMNTS and PYMNTS Intelligence. While they all inform our coverage, some of them rise above the others in terms of candor and insight. With that spirit...
Borrowing connects consumers with funds they need to pay for major expenses or to manage debt. As a result, the timely receipt of these funds can be crucial. Instant payments can play a key role in this equation. Not only are more consumers turning to...
As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will require a steady hand on the wheel. “Regulatory orders and regulatory scrutiny have taken a front seat in the industry,”...
July 19, 2024
Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year in the marketplace on July 20. As of now, about 700 banks have signed on to the new federal payments system infrastructure. The vast majority of those financial institutions (FIs) […]
July 08, 2024
As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will require a steady hand on...
June 25, 2024
One of the themes in PYMNTS’ monthly “What’s Next in Payments” series is that the Banking-as-a-Service (BaaS) model is under pressure right now. Synapse declared bankruptcy, while Evolve Bank and...
June 21, 2024
Overpayment disbursements are not the most common payouts nor the largest. In fact, just 7.1% of consumers report they received overpayment disbursements this year. The average overpayment disbursement is just...
