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Meeting Consumer Demand With Speed-Of-Life Payments

PYMNTS

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork. From millennials to baby boomers, all want payments to keep up with their lifestyles. Faster than what?

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Deep Dive: Instant Payments Confront Long Path To Ubiquity

PYMNTS

Instant payments started 2020 on a high note, however, with the adoption of real-time payments and other speedy disbursement methods increasing over the past few years. More than 42 percent of consumers received at least one instant payment in 2019, but such disbursements have a way to go before they are as common as many would like.

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Payment Trends to Watch For in 2021

Payment Savvy

Instead, their preferred payment method can be loaded automatically from eWallets. Additionally, software evolvement has made it easy to embed payments into applications hence supporting frictionless payments further. Furthermore, mobile payments expect to be a major trend in 2021. Real-Time Payments.