Remove Faster Payments Remove Near Real-Time Remove Payment Initiation
article thumbnail

What Faster Payments Mean For Payday

PYMNTS

Without near-real-time payroll tools, the wait for employees to actually see their earnings can be a challenge. With so many workers getting paid via direct deposit, Same Day ACH and other faster payments initiatives could theoretically lead to improvements in corporate payroll strategy.

article thumbnail

B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.

article thumbnail

ZayZoon Taps APlus For On-Demand Payroll

PYMNTS

Workers can see a portion of their wages transferred to their bank accounts in near real-time for reduced cash flow pressure while professionals wait for their official payday. using payday loans or banking overdrafts on a regular basis — solutions that can lead to added fees and greater financial burdens.

article thumbnail

Open Banking Adds Intelligence To Treasury Management

PYMNTS

Turner noted that FinTechs that are able to wield data-sharing opportunities can then automate the aggregation and normalization of financial data across platforms automatically, enabling financial controllers and other executives to obtain their cash positions in near real-time. ”

article thumbnail

When It Comes To Corporates, Faster Payments Aren’t Always About Speed

PYMNTS

But as more FinServ players explore B2B payments use cases for faster payments initiatives, like the U.K.’s s Faster Payments scheme , some are beginning to realize that, when it comes to corporate payers, real-time payments capabilities can offer more than speed.

article thumbnail

The Benefits of Instant Pay by Bank Payment Methods

Segpay

Faster Settlement : Pay by Bank transactions often offer real-time or near-real-time settlement. This improves cash flow, as funds from bank transfers can be deposited into the merchant’s account in real-time. Belgians love to pay with Bancontact or Payconiq.