Moving Towards Immediate Payments
The world is moving towards Immediate Payments (also called Faster Payments and Real-time Payments). In fact a recent survey identified around 30 systems globally that might be classed as immediate payments, with many more countries in the planning stage.
But the survey also highlighted that there is still no consensus around the standards, features or technology that such systems should use.
In this Whitepaper, Tom Hay, our Head of Payments, provides clarity on the concept of immediate payments, the practicalities of its implementation and the impacts it will have on payment systems.