Real Time Payments Risk Management
Posted August 9, 2017
With Real-Time Payments (RTP), the speed of payments is being brought into the 21st century and the long-held goal of having modern payment options outside traditional banking hours has arrived. The advantages for financial institutions (FIs) using RTP are vast, including being able to directly compete with FinTech disruptors, and retake ownership of the payments marketplace.
Originators, receivers, consumers and businesses will all benefit by removing the uncertainty of the delay of payments and settlements from the process, while having the ability to have transactions settled 24 hours a day, 7 days a week.