Payments News

Real Time Gets Real

Jul 01, 2019

This month, we are featuring two stories about the progress of faster payments. Our cover story, “The Bill-Pay Revolution,” shows how real-time capability is finally asserting itself in a crucial segment of the payments business. Then you’ll find “2020 Vision,” our take on just what’s going on with that Fed-inspired 2020 deadline for so-called ubiquitous real-time payments.

Up to now, most of the attention in real-time payments has been riveted on peer-to-peer payments. This is a natural market for real-time applications, since it affects consumers directly and, so to speak, immediately. After all, who isn’t thrilled to get money from another person just as if that person had handed you a $20 bill—but without the paper?

Read the full article.