PYMNTS

SEPTEMBER 26, 2019

This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems. Common forms of pull payments include debit cards and paper checks. Payers provide PINs or signatures, which grant recipients permission to extract funds.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

NOVEMBER 28, 2016

A study conducted by Lipis Advisors found that a quarter of the cost associated with implementing faster and real-time payments capabilities for banks is linked directly to testing the technology. Naturally, one of the first use cases to come to mind for real-time payments is P2P payments.

Faster Payments 54

Faster Payments Real Time Payments Payments Instant Payments 54

PYMNTS

NOVEMBER 14, 2019

Increasingly, the gold standard for payments is invisibility. Platforms and payment service providers are seeking digital, integrated payment experiences that are so seamless, neither the payee nor payer take much notice that a transaction has even occurred. Such is a standard that is making its way to the payroll space.

Payroll 50

Payroll Faster Payments Cross-Border Payments 50

PYMNTS

OCTOBER 8, 2019

However, enablers of instant money assume the risk between the time when they make funds available and when settlement happens later.”. That’s particularly true when funds are truly instant — meaning they are irrevocable. “In either case, the consumer is going to say, “oh, cool, I got my money right away.”

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49

Seon

JULY 27, 2023

The payer’s bank credits the payee’s account, which then makes the funds available to the latter. Doing so is ideal as the payer can then not only know that the outgoing payment was transmitted but received by the payee. Let’s take a look at the pros and cons of this real-time payment system.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40