Banks need to understand how they monetize realtime payments services
Currently there isn't a model for how banks should charge for realtime payments and it's hard to advocate for them without cannibalizing their credit card business
Expanding on last year’s announcement, the recent development marks the official consumer launch of the Visa+ service with inaugural partners PayPal, Venmo, and DailyPay.
In addition to improving consumer experiences in P2P transactions, Visa+ also offers cross-platform interoperability for B2C payment flows via its APIs.
JPMorgan identified a demand for the offering based on requests from its corporate clients, who highlighted the need for comprehensive financial solutions embedded into their own ecosystems.
This year, JPMorgan has actively expanded its presence in the payments sector, aiming to develop new growth opportunities and deliver a broader range of interoperable products and services.
Expectations for instant gratification permeate many aspects of consumer behavior including payments.
Discover's Judith McGuire talks about the evolution of the payments industry over the past decade and how Discover is adapting to meet consumer demands in payment processing.
To commemorate March's International Women's Day, Tearsheet engaged in conversations with some of the prominent women leaders in the US payments industry.
Our discussions explore their current roles while reflecting on their career journeys that paved the way for them to be at the top of their game.
The Earned Wage Access terrain is anything but predictable and straightforward.
Recent regulatory shifts raise questions about banks expanding partnerships with EWA providers and if they might hinder the potential rise in instant payment adoption, particularly among regional banks.
