Money Mobility news and trends

Instant Payments Could Eliminate Construction’s $280B Late Payments Problem
Money Mobility // October 22, 2024

Delayed and incorrect payments are a perpetual headache for the construction industry. These issues not only burden accounting teams but also have serious downstream ramifications. Project delays and canceled contracts are just some of the consequences of payment problems. In the United States alone, slow...

Instant Payroll Could Cut Costly Employee Turnover
Money Mobility // September 24, 2024

Workers are growing increasingly frustrated with the slow pace of traditional payroll and outdated biweekly pay periods, especially in today’s economic climate, where many live paycheck to paycheck. For gig workers, freelancers and contractors, the wait for payment is even worse, as they often wait...

Travel Firms Take Financial Hit From Outdated Payments Systems
Money Mobility // August 15, 2024

Travel spending is on a trajectory to reach an all-time high in 2024, making staffing for travel companies an even greater priority than ever. Outdated payment systems, however, have long posed significant challenges for travel and hospitality businesses, leading to slow payouts, delayed disbursements and...

Study: Digital Wallets to Overtake Debit Cards for In-Store Payments by 2027
Money Mobility // July 17, 2024

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...

Interviews & Exclusives
New Data: Instant Payments for Enterprise: Ad Hoc Transactions Go Real-Time

October 29, 2024
Enterprises regularly make ad hoc payments to consumers and small- to medium-sized businesses (SMBs). In the last year, the share of accounts payable (AP) comprised of ad hoc payments has grown substantially. This suggests that companies are shifting to business models where they do not onboard recurring payees. The use of instant payment methods to […]

Instant Payments Could Eliminate Construction’s $280B Late Payments Problem

October 22, 2024
Delayed and incorrect payments are a perpetual headache for the construction industry. These issues not only burden accounting teams but also have serious downstream ramifications. Project delays and canceled contracts...

Travel Firms Take Financial Hit From Outdated Payments Systems

August 15, 2024
Travel spending is on a trajectory to reach an all-time high in 2024, making staffing for travel companies an even greater priority than ever. Outdated payment systems, however, have long...

Less Than Half of FinTech Banks Let Consumers Make P2P Payments

May 10, 2024
FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer...