This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
30% of Consumers Swap Instant for Slower Payments to Avoid Fees
Buoyed by growing consumer preference for faster payments, instant disbursements have gained popularity in recent years. The recent launch of the FedNow instant payments system has further underscoring that demand.
In the “Disbursements Satisfaction Report 2023: Instant Payouts Reach an Inflection Point” report, PYMNTS provides an overview of the disbursements landscape in the United States by exploring the number and types of disbursements nearly 2,300 U.S. consumers received in the past year, as well as how those instant payments were received.