PYMNTS

OCTOBER 8, 2019

Consumers, not so much. In fact, as Ingo Money CEO Drew Edwards pointed out to Karen Webster in the most recent edition of their “how to instant” conversations, consumers more or less don’t know the payments rails exist — and are really only ever concerned with a single question: “How am I gonna get my money?”.

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49

PYMNTS

APRIL 29, 2019

And how much are consumers willing to pay to get that certainty? In Amazon’s case, that takes the form of holding 50 percent of all eCommerce spend and more than 6 percent – and growing – of all retail consumer spend. Consumers stick to what they know will deliver a predictable outcome. Certainty as Retail’s Disruptor.

Online and Mobile Banking 64

Online and Mobile Banking Consumer PayPal Non-Bank 64

PYMNTS

APRIL 18, 2019

However, he noted, that is literally what writing a check involves. Wave already vets its merchants to make sure they are legitimate users, and that the funds moving to them are good funds. It’s not secure at all, yet it’s what customers know and trust.

Debit Card 90

Debit Card Small Business Push-to-Card Instant Payments 90

PYMNTS

OCTOBER 8, 2018

Those payments are made largely over rails that have been in place for decades: the bank, ACH and wire rails and via a payment method that has existed for centuries — the good, old-fashioned paper check. We like our banks conservative, and we sleep well knowing that they are bound by regulations that keep that balance in check.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

JANUARY 3, 2020

Rarely do consumers and businesses agree on anything as much as they have on instant. The return on investment (ROI) of instant is obvious from the get-go: It requires no printing of watermarked paper checks , no envelope or postage and, most importantly, no more waiting for money to clear. Perception Becomes Reality. Risk vs. Reward.

Instant Payments 60

Instant Payments Payments Ubiquitous Push-to-Card 60

PYMNTS

MARCH 18, 2019

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. That’s roughly 95 percent of consumers in the U.S., In the U.S., Not exactly.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

SEPTEMBER 17, 2018

The handwritten invoice he left with my cushions included his name, his mobile phone number and the payment methods he accepted: cash or check. I haven’t had paper checks in the house in more than a year, and no one would be back at the house for another week to give him cash. are still made using a paper check.

Rules 78

Rules Zelle Payments PayPal 78

Finovate

JUNE 14, 2024

. “At Sahl, we are committed to addressing the challenges faced by consumers in utility payments, starting with electricity and expanding to water, gas, telecom, and various other essential services,” Sahl CEO Abdullah Assal said. billion) fund dedicated to small and medium-sized businesses in the fintech sector.

Online and Mobile Banking 59

Online and Mobile Banking Central Bank Gateways Processors 59

PYMNTS

SEPTEMBER 23, 2019

For example, businesses are paying insurance claims to consumers and loan proceeds to borrowers in real time – and banks and FinTechs are enabling payments between people in real time. It was an interesting admission, a reality check of sorts, that most of the innovation in B2B payments to date has been to the payors’ benefit.

Real Time Payments 61

Real Time Payments Payments B2B Innovation 61

PYMNTS

APRIL 25, 2016

It’s also words to live by for consumers too. For instance, consumers sign on to Facebook for “free” but Facebook sucks up oodles of data about whatever they do and sells it to advertisers who now barrage them with ads in their newsfeed. The quid is free access to Facebook – the quo is ads consumers now see in their newsfeed.

Regulations 41

Regulations Consumer CFPB Online and Mobile Banking 41