International P2P payments—person-to-person transfers that cross national borders—let individuals send money directly to friends, family, freelancers, students, travelers, and micro-merchants abroad. In the U.S. context, international P2P payments grew from niche remittances to a mainstream personal finance habit thanks to mobile apps, instant notifications, and transparent pricing. For Americans who...
The Future of Instant Payments: RTP, FedNow, and Beyond
Instant payments are revolutionizing how money moves in the United States. Businesses, consumers, and financial professionals are embracing new systems that transfer funds in real time, eliminating the delays of traditional methods. In this article, we explore the Real-Time Payments (RTP) network and the Federal Reserve’s FedNow service – the...
The Rise of Peer-to-Peer Payments at Local Food Trucks
Peer-to-peer payments at local food trucks are becoming increasingly common in the United States. Gone are the days when cash was the only way to buy a taco or burger from a street vendor. Today, many customers simply pull out their smartphones and use apps like Venmo, Cash App, PayPal,...