Easy Consumer Payouts News Today

An Atlanta Federal Reserve official says findings from a 2023 Federal Reserve study confirm consumers want instant payments, as PYMNTS studies have also found.

Open banking connectivity features are transforming the way consumers receive payouts from merchants, service providers and government agencies. These…

Open banking connectivity features now rival digital wallets as a preferred method for consumers to receive payouts, PYMNTS Intelligence found.

Nearly a quarter of digital wallet payouts are received within 60 seconds, but only 5% of payouts to bank accounts arrive in or near real time, PYMNTS finds.

Open banking is on the rise. By enabling the sharing of customer financial data between banks and third-party service providers through application