[vc_row][vc_column][vc_column_text]U.S. consumers want fast, convenient payment methods, and younger generations are adopting nonbank providers to meet their expectations. A new study from Federal Reserve Financial Services (PDF) found that 78% of consumers chose faster payments as a preferred option — and half held balances at nonbank providers. Instant payments specifically have caught the attention of consumers, and they are looking to financial institutions to provide them. According to...
