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The future of instant payments in the United States hinges on a balance, as financial institutions navigate the complexities of fragmented networks by embracing dual-rail strategies.
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It’s a pragmatic, albeit challenging, path to a broader market reach. The PYMNTS Intelligence report “Instant Impact: Why Real-Time Payment Success Hinges on Optionality,” a collaboration...
Speed is becoming the defining feature of lending, and borrowers are setting the pace. With inflation pinching household budgets and emergencies around every corner, consumers no longer consider instant disbursements a perk or convenience. They expect them. In fact, borrowing payouts now lead all categories in instant disbursement usage, with 45% of consumers saying they most frequently receive...
While many sectors have embraced the swift currents of digital innovation, a significant portion of the U.S. healthcare industry remains anchored in outdated payment practices, creating inefficiencies and straining financial health.
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A recent report, “Healthcare Payments Need Modernization to Drive Financial Health,” illuminates how manual payment systems are...
Earnings reports were the key determinants of the FinTech IPO Index’s fortunes this week, with the platforms sharply in focus.
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No matter the direction of stock prices, a few trends have emerged, where banks and enterprises have looked to these platforms to hasten their own digital shifts in modernizing core operations and fund flows. Demand for loans was also, in most...
Digital payments solution provider Fintiv is accusing Apple of racketeering and trade-secret theft in a new federal suit over the technology that powers Apple Pay.
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Fintiv’s complaint, lodged Wednesday (Aug. 6) in the U.S. District Court for the Northern District of Georgia, alleges that Apple posed as a prospective partner a decade ago to gain inside access to CorFire’s...
Chime’s first outing as a public company was a success, and CEO Chris Britt did not hedge on ambition. He waited about 30 seconds into the company’s first earnings call to tell the audience that he wants nothing less than for Chime to become “the largest provider of primary account relationships in the U.S.”
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Analysts focused less on headline numbers and more on how...
Amazon has begun offering used vehicles through its Amazon Autos platform, starting with Hyundai dealers in Los Angeles.
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Consumers can now browse, compare and purchase used and certified preowned Hyundai vehicles directly on Amazon, according to a company blog post on Monday (Aug. 4). More car brands and cities will follow in the coming months.
Amazon is offering a 3-...
In a commercial real estate environment still grappling with inflationary pressures, evolving consumer behavior and global economic uncertainty, observers would be forgiven for embracing prevailing narratives about the death of brick-and-mortar retail.
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But as uncertainty prevails, some firms are finding their footing by leaning on a combination of disciplined capital...
On Wednesday (July 30), PYMNTS CEO Karen Webster wrote: “The most important credential that has emerged for enabling payment and purchase flexibility is not a new type of credit card. It’s the debit card.”
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Debit has been a key choice for using the funds on hand to get what one needs, and wants, especially in brick-and-mortar locations, without bumping up against credit...
Artificial intelligence (AI) chatbot platform Character.AI has launched a social feed for mobile that lets users not only scroll through posts but also “interact, remix and build on” what others have created.
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Rolling out on Monday (Aug. 4) on the Character.AI mobile app, the new Feed features user-generated characters, scenes, streams, short-form videos and other...