Remove Funds Availability Remove Good Funds Remove Settlement
article thumbnail

Bridging The Gap Between Appearance And Reality Of Instant Payments

PYMNTS

For example, push to debit card options might put money into a consumer’s or SMB’s bank account instantly, with settlement happening a day or two later. There is a difference between real-time availability of funds and real-time settlement of funds,” Edwards explained. “In

article thumbnail

Why Certainty Rules Payments

PYMNTS

The notion of moving those funds faster between the bank accounts of those trading partners is driving a slew of innovation and investment across bank and non-bank network rails today. Certainty of good funds is what they need to plan their cash position, as is the certainty that the funds moving across the networks are secure.

Rules 78
article thumbnail

Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets

PYMNTS

Western Union CEO Hikmet Ersek told Karen Webster that real time means that receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. “We The recipient gets the money nearly instantly — and we settle with the banks overnight.”.