#realtimepayments — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #realtimepayments, aggregated by home.social.
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Real-time payment systems eliminate the opportunity cost of funds held in transit. Unlike ACH, which uses batch processing and can take days to settle, RTP credits funds to recipients within seconds.
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Real-time payments (RTP) are payment systems that clear and settle transactions in seconds, available 24 hours a day, every day of the year. They address delays in batch-based systems like ACH.
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Fintech infrastructure enables fund transfers in seconds. Real-time payments replace multi-day bank processing timelines.
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Spain leads Europe in instant payments adoption under the EPC SCT Inst scheme, driving innovation in real-time transactions. Read more: https://www.paymentscardsandmobile.com/spain-leads-instant-payments-epc-oct-inst-scheme-adoption/ #Payments #Fintech #InstantPayments #RealTimePayments #Innovation
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The sad state of #RealTimePayments for individuals in the US is that I believe I am more likely to do my first #RTP transaction in India. India is so far ahead on RTP and digital IDs. Very impressive!
https://www.finextra.com/blogposting/23728/india-is-testing-upi-for-international-tourists
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@johnblackmore How much more difficult would it be to expand your business into the US based upon the US’s state of #openbanking and inability for #fintech to directly access #realtimepayments?