PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Push payments do not carry the same risk and tend to be quicker.

Payer

PYMNTS

OCTOBER 8, 2019

What the customer does care about is the experience — how fast the funds came, how quickly they were available for use, whether they ended up in an account where the consumer could make instant use of them and whether they could choose how to receive those funds. That, Edwards told Webster, remains a work in process.

Instant Payments

Seon

JULY 27, 2023

The Federal Reserve has always allowed financial institutions to send and receive funds – including bill and vendor payments, deposits, and wire transfers – to one another on behalf of their customers. The payer’s bank credits the payee’s account, which then makes the funds available to the latter. What Is FedNow?

FedNow

PYMNTS

MARCH 7, 2016

Store shelves would detect shoppers’ movements and dynamically change pricing based on demand and inventory on hand. The shopper’s purchase history would be available to remind them not to buy what they just did, or suggest things that might work with what they just bought. Other than that, it sounds like a great strategy.

Online and Mobile Banking