Are you using instant payments?

According to PYMNTS, 68% of businesses plan to add instant payments within 2 years. Forty percent of large businesses—revenue exceeding $100 million—already do. Instant payments’ can enhance liquidity management and boost customer and vendor engagement. They’re referred to as real time payments (RTPs) and can be used to transfer money in a matter of seconds or minutes, rather than overnight or several days. Learn more about instant payments from FedNow. #IdeaoftheDay