The advent of instant payments is transforming the global payments landscape.
People are drawn to around-the-clock access to funds, immediacy, irrevocability, and transparency in instant payments. It can also become a rich source of data for many interested parties.
Topics: Vendor management, Point-of-Sale, FedNow, Real-time payments, instant payments
![BNPL-2-Blog-Image[28]](https://blog.srmcorp.com/hs-fs/hubfs/BNPL-2-Blog-Image%5B28%5D.png?width=829&name=BNPL-2-Blog-Image%5B28%5D.png)
In our recent report, we made the case that banks and credit unions consider Buy Now, Pay Later (BNPL) as part of a holistic suite of payments products.
While a study from IntraFi Network found that four out of five small banks and credit unions are reluctant to get into BNPL, SRM believes that traditional FIs have the infrastructure to handle compliance requirements from agencies such as the Consumer Financial Protection Bureau.
Topics: Payments, Buy Now Pay Later, BNPL, Credit Union Vendor Contracts, Bank Vendor Contracts, Point-of-Sale
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