Moving beyond 'receive only': What banks can do today to embrace real time payments - Tearsheet
Briefly

from Tearsheet6 months ago
One of the major hurdles for financial institutions is their tendency to view instant payments as just another core-extensible function. However, the reality is that most core systems are not equipped for real-time processing. As a result, institutions often end up with fragmented capabilities that do not truly support 24/7/365 real-time transactions, making the speed of settlement and meeting the requirements put forth by RTP and FedNow a real challenge.
Tearsheethttps://tearsheet.co/the-move-to-real-time-payments/moving-beyond-receive-only-what-banks-can-do-today-to-embrace-real-time-payments/
Clearly, for the immediacy of instant payments, fraud detection must also be immediate and integral, not an afterthought. Financial institutions must adopt platforms...
Tearsheethttps://tearsheet.co/the-move-to-real-time-payments/moving-beyond-receive-only-what-banks-can-do-today-to-embrace-real-time-payments/
Read at Tearsheet
#financial-institutions #instant-payment-solutions #security-measures #fraud-prevention #consumer-adoption
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