Remove ACH Remove Good Funds Remove Irrevocability
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When Instant Payments Are Just Payments

PYMNTS

That number is even higher (nearly 62 percent) when counting people who received an instant disbursement, like ACH , from government or other sources in 2019. As Ingo Money CEO Drew Edwards told PYMNTS , “There are enough rails in place today to provide ubiquity, choice and instant access to good funds for consumers.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

It didn’t take a regulatory proclamation for Same Day ACH to become ubiquitous in the U.S. – Naturally, innovators are leveraging Same Day ACH and push payments capabilities to innovate along a variety of new services and solutions. Oddly, the push for faster payments also comes at the same time when payments in the U.S.

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Bridging The Gap Between Appearance And Reality Of Instant Payments

PYMNTS

That’s particularly true when funds are truly instant — meaning they are irrevocable. As Edwards noted, although having a real-time infrastructure would make the clearing and settlement process more efficient, payors and the channels that serve them don’t have to wait to move funds in real time to a payee.