A recent poll taken at the bobsguide Fintalk webinar, ‘Real-Time Payments: the growth opportunities and challenges’ revealed that 56% of the webinar audience would adopt real-time payments within two years.
The disruption caused by payments fraud, especially high value wire transfers, is well documented and widely reported, and demonstrates the increasing focus of highly sophisticated criminal entities on the global financial payments system.
Surveying the lists of ‘key trend’ predictions for banking and payments at the start of each year often produces an interesting shopping basket of buzzwords – with some proving to have a rather shorter shelf-life than their exponents initially predicted.
Since the introduction of ACH payments around forty years ago, the infrastructure of the U.S. payment system has remained relatively stagnant. The last few months, however, have seen a significant shift.
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