US SMBs face financial problems from delayed payments. Real-time and instant payments help restore speed, certainty, ...

Millions of Americans depend on the Social Security Administration (SSA) for their monthly benefits. These payments are crucial for retirees, individuals with disabilities, and survivors, providing ...

The Temporary Assistance for Needy Families (TANF) is a pivotal program offering financial aid to low-income families across the United States. Funded federally but administered by states and tribal ...

The Fed's development of new payment systems has been significantly delayed. Payment system improvements by the Fed are often reactive rather than proactive. Current payment systems operate like batch ...

Forbes contributors publish independent expert analyses and insights. I write about finance and technology. RTP (Real-Time Payments) and FedNow, the two immediate payment platforms in the United ...

OMAHA, Neb.--(BUSINESS WIRE)--Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2% ...

The 2023 launch of instant payments via FedNow was heralded as a milestone in the modernization of US payments infrastructure. Real-time settlement, once a distant goal, was now a reality. Despite the ...

United Bankers Bank, a correspondent bank, has partnered with Pidgin, a fintech, to bring FedNow and other real-time payment platform access to community banks. As consumers and businesses demand ...

Real-time payments (RTP) are speeding up cross-border transactions, reducing processing times from days to seconds. Businesses can now enjoy instant fund transfers, better cash flow management, and ...

As another year in the fintech world winds down, it’s always a good time to pause for a moment and look back - and ahead. By any measure, fintechs are still going strong. “The industry exhibits robust ...