P2P FinTechs like Venmo and Square Cash gained popularity by winning over millennial users, which was rad. Now, the bank-backed platform Zelle is escalating competition by targeting millennials and their parents. Is it game on? In this month’s PYMNTS Faster Payments Tracker™, powered by NACHA,...
When today’s consumers need something, they expect to get it right away. Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. In the world of payments, the need for instant gratification is...
Hollywood sequels tend to disappoint, but what about Same Day ACH sequels? In the latest PYMNTS Faster Payments Tracker™, powered by NACHA, Laura Steele, CEO of Regional Payments Association ePayResources, says that after demonstrating Y2K-like preparedness to ensure the smooth implementation of Phase 1 last...
In mid-September, the second phase of the Same Day ACH initiative will roll out across the U.S. faster payments system. But unlike last year’s rollout, which some in the financial industry compared to a Y2K-like event, the industry seems calmer about the upcoming change. Will...
July 10, 2017
Get ready. When the Fed’s Faster Payments Task Force issues its mammoth recommendation for strengthening the U.S. payment system later this month, it’s unlikely a federal mandate will make the cut. That’s Roy DeCicco’s take, at least. For July’s Faster Payments Tracker™, DeCicco, who’s managing director at JPMorgan Chase and sits on the task force board, tells PYMNTS what makes the U.S. market ‘unique’ and, as such, ill-suited for a mandate. Plus, the latest news on Same Day ACH, Zelle, Venmo and more.
July 07, 2017
Big changes are coming to the faster payments landscape. But don’t worry about blinking and missing them, because these changes are going to stick around for a while and have...
June 07, 2017
Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments...
May 03, 2017
While there are plenty of tools that make it easier to get money deposited into a bank or debit card account, there aren’t many that make it easier to ask...
