PYMNTS

SEPTEMBER 26, 2019

This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems. Common forms of pull payments include debit cards and paper checks. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer

PYMNTS

OCTOBER 8, 2019

However, enablers of instant money assume the risk between the time when they make funds available and when settlement happens later.”. That’s particularly true when funds are truly instant — meaning they are irrevocable. “In either case, the consumer is going to say, “oh, cool, I got my money right away.”

Instant Payments

Seon

JULY 27, 2023

The FedNow Service sends a payment message (namely advice of credit) to the payer’s bank and credit union to confirm the success of the payment. The payer’s bank credits the payee’s account, which then makes the funds available to the latter. Let’s take a look at the pros and cons of this real-time payment system.

FedNow

PYMNTS

MARCH 7, 2016

It’s a wave that was set in motion worldwide a few years ago when regulations in a few countries mandated that consumers and businesses have a right to access funds sent to them in real-time. In other words, it’s a teeny and tiny part of the payments mix in the countries where it was required to happen. Here in the U.S.,

Online and Mobile Banking