How Instant Busts The Myth Of Float

For the person on the receiving side of an instant payment, there isn’t a lot of selling that has to happen because the concept of getting one’s money faster more or less sells itself. That’s a story the numbers more or less tell over and over, Ingo Money CEO Drew Edwards told Karen Webster in the latest edition of the PYMNTS “How to Instant” podcast. Offer a customer a choice between a check and a digital payment, and they’ll pick the digital payment. And of the customers who choose digital, nine out of 10 will pick an instant payment if available.

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