PYMNTS

JANUARY 21, 2019

The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. And finally, that the banks and the card networks are the big losers.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 8, 2019

When Chime ’s Co-founders Chris Britt (CEO) and Ryan King (CTO) first set out to start a web bank, it was with one idea in mind: offering middle-class consumers a good deal. The firm was valued at $500 million as of its last funding round. Toward that end, Chime acquired consumer credit startup Pinch late in 2018.

Debit Card 64

Debit Card Push-to-Card Funds Availability Payroll 64

PYMNTS

APRIL 18, 2019

Until recently, “now” was almost never an option, since it was always based on when the funds had cleared, regardless of how that payment was made. Now, Wave’s small business customers can access their sales instantly, using Visa Direct rails and their debit cards. “When do you want to get paid?”

Debit Card 90

Debit Card Small Business Push-to-Card Instant Payments 90

PYMNTS

JUNE 21, 2017

Modo’s COIN technology knocked down this wall and enabled Verifone’s Points Redemption Network to work in tandem with FIS’ Premium Payback Network, to allow consumers to pay with loyalty points linked to their credit or debit cards at checkout, in real time. All you have to do is connect the dots for all the different stakeholders.”.

Interoperability 65

Interoperability Push-to-Card Reconciliation Transactions 65

PYMNTS

JANUARY 3, 2020

Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. Rarely do consumers and businesses agree on anything as much as they have on instant. FinTechs led this charge and fueled much of the innovation.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

OCTOBER 8, 2019

Consumers, not so much. In fact, as Ingo Money CEO Drew Edwards pointed out to Karen Webster in the most recent edition of their “how to instant” conversations, consumers more or less don’t know the payments rails exist — and are really only ever concerned with a single question: “How am I gonna get my money?”.

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49