In the News

What Do We Get With The Federal Reserve’s FedNow Instant Payments?

payments. Jul 24, 2023 A survey of banks and credit unions by Cornerstone Advisors found that less than half of banks and just 42% of credit unions expect to offer real-time payments by the end of this year. In fact, nearly a quarter of institutions aren’t sure when they’ll offer it.

Fed’s new instant payment system could be trouble for PayPal, Venmo

payments. paypal. Jul 21, 2023 Financial services consulting firm Cornerstone Advisors reported that almost a quarter of financial institutions said they were waiting for FedNow's launch before they even considered hatching their own instant-payments strategies.

Embedded finance: How will it change the game for payments?

payments. Accounting & Finance. Jun 23, 2023 Sam Kilmer, senior director at Cornerstone Advisors, talks about embedded finance and how it will change customer expectations of businesses and payments providers.

The key to relationship building: Coupling embedded payments with data

payments. Apr 7, 2023 Cornerstone Advisors reported that small to medium-sized businesses (SMBs) annually spend about $225 billion on payments and accounting services from third-party providers. This has created a paradigm shift in the world of open finance and financial technology, with large banks and fintechs on one end and community financial institutions on the other