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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. These solutions are not one-size-fits-all, though, and companies must select their tools with care.

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Tyfone Spins Out New Entity for Instant Payments

Finovate

Payfinia aims to help financial institutions access and establish ownership of their instant payments services. Tyfone launched its IPX platform in July 2023, in conjunction with the Federal Reserve’s FedNow instant payment service. Launching Payfinia will help Tyfone further build on the instant payments experience.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

PYMNTS

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Inside Businesses’ Faster Payments Selections. Same-day ACH may appeal to some companies, while the RTP network suits others, for example.