Is 2020 Healthcare’s Year To #KillTheCheck?
February 7, 2020
At the dawn of a new decade, healthcare stands poised to embrace digital payments, and finally kill the check.
Instant disbursements are fast cementing their place as a favored payout method for consumers across all manner of business-to-consumer (B2C) interactions.
In an interview with Karen Webster, Ingo Money CEO Drew Edwards, taking a high-level view of instant disbursements, said, “We’ve made a lot of progress. Have we melted the iceberg where we can visibly see it? Not yet.”
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With the new year comes new expectations for FinTech firms.
Recent PYMNTS data finds that fraud losses run about 2% of revenues — $51 million annually for the average FinTech.
The Power of Open-Loop P2P Payments
The FinTech Fraud Ripple Effect details the frictions customers experience when using FinTechs for their money mobility needs.
With more workers living paycheck to paycheck, having fast access to their hard-earned cash is crucial.