PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. The letter cited what has become the all-too-familiar talking point about the state of faster payments in the U.S.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

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

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