PYMNTS

JANUARY 3, 2020

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. We need to give payors more options to deliver choice, and more ways to build trust with the consumers and SMBs that the funds they get instantly will not be clawed back.”.

Instant Payments 60

Instant Payments Payments Push-to-Card Ubiquitous 60

PYMNTS

JANUARY 21, 2019

A payment is the embodiment of good funds to an authenticated buyer and supplier, along with the detailed data that travels with it. Truly instant payments require a system that can do that without any margin of error, because instant also means irrevocable.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

OCTOBER 8, 2019

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.

Instant Payments 49

Instant Payments Push-to-Card Payments Settlement 49