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Real-Time Payments Move Past Early Adopters

PYMNTS

We have not seen the use cases or the digital overlay services rolled out,” he noted. Beyond PayPal And Venmo . But Ranta added that the need remains to educate consumers, who might already be used to Venmo and PayPal , where closed-loop systems provide speed.

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US Banks Are ‘Conflicted With Worries’ as Demand for Instant Payments Grows; Reveals RedCompass Labs

The Fintech Times

The existence of Zelle , Venmo , Cash App , PayPal and other wallet services has dampened US Banks’ appetite for implementing instant payments, with 50 per cent feeling a lot or significant impact. Nearly all (98 per cent) experienced some form of impact.

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APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs

PYMNTS

eCommerce retailers are clamoring to accept such transactions, supplementing traditional online payment instruments such as PayPal. Some sectors have shown particularly high demand for faster payments, she added. APIs are critical to keeping pace with corporate clients’ demands, even as FIs wrestle with open data sharing’s difficulties.