Christine Mayes, executive vice president at Corporate One Federal Credit Union, details how she believes the launch of FedNow will bring healthy competition to the real-time payments industry. — In many ways, FedNow is an extension of the winning formula that the RTP® network pioneered...
The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to The Clearing House, and any depository institution can connect to the RTP network through more than 20 technology providers. Experts...
With 9 in 10 SMBs receiving late payments and half now considered financially unhealthy, it’s not surprising that half are also eager to adopt real-time payments to improve their cash flow. PYMNTS explains the connection between real-time payments and SMB financial resiliency.
Running a small to midsized business (SMB) in the modern economy can be challenging even under perfect economic conditions. Marketing, staffing, inventory management and other variables fully within owners’ control can be difficult due to a lack of funding. Payments are one of SMBs’ most...
June 21, 2023
Running a small to midsized business (SMB) in the modern economy can be challenging even under perfect economic conditions. Marketing, staffing, inventory management and other variables fully within owners’ control can be difficult due to a lack of funding. Payments are one of SMBs’ most widely reported struggles, whether involving purchases sold to customers, transactions […]
May 19, 2023
Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses. While instant...
April 28, 2023
Fraud is top-of-mind for payment providers and the businesses and consumers they serve — for the simple reason that the cost of ignoring it is too much to bear. A...
April 07, 2023
United States households pay more than $3 trillion in bills each year, including mortgage, rent, auto loans, utilities, cable and a host of other services, according to a recent report....
