Fiserv Adds Digital Checks to Payout Options
Posted by Checkbook on Jun 09, 2022
Checkbook.io’s Link to Plaid Looks to Bring Verification to Real-Time Payments
As the payments business moves toward faster settlement, verifying payor accounts becomes crucial, yet for non-card payments, “there’s a gap there,” notes Patricia Hewitt, principal at PG Research & Advisory Services LLC, a Savannah, Ga.-based payments consultancy.
Checkbook.io Launches InstantPay
Julie Muhn of Finovate says, "The technology works because Checkbook.io doesn’t use the antiquated ACH infrastructure, which requires recipient onboarding and takes three to five business days to move funds from one account to another."
How The Money Flows: Payments for Cash Advance
There’s probably been a time in your life when you had an unexpected emergency arise and didn’t have the money to address it until your next paycheck. If you don’t have friends or family to help, there aren’t many reputable solutions that can get you money quickly. That’s where cash advance comes in: it’s a short-term lending tool designed to bridge the financial gap between paychecks. Here’s a look at the cash advance industry as a whole and how changing market conditions have made faster payments a necessity.