The Payments Association

JUNE 16, 2025

Industry Voices “This research set out to understand what it would take to make peer-to-peer offline payments work – securely, privately and at scale. Synchronous vs asynchronous payments Two distinct payment flows were tested: Synchronous: where activity is required from both payer and payee in real-time.

Settlement

PYMNTS

JANUARY 3, 2020

These include advanced data security and new state and federal regulations governing payout mechanisms – to say nothing of the irrevocable nature of instant payments. PYMNTS research shows that over 75 percent of working Americans who struggle to pay their bills would opt for instant payments to debit cards if offered the choice. “If

Instant Payments

PYMNTS

JANUARY 30, 2020

What’s more, these transactions are irrevocable, and as fraud losses mount, new questions surface over who holds liability to recoup funds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments

PYMNTS

AUGUST 5, 2019

As part of a research study, they are asked to take a $500 (obviously bad) check, take a picture of it with their phone to deposit to their bank account and then use Zelle to immediately transfer $250 back to them. Unlike checks, instant payments is, well, instant – and irrevocable. Here’s how.

Checks