Speaking in an article for Economia, David Dunmire – senior vice-president, products solutions, iGTB – explains why real-time payments systems are a key development in the transaction banking and payments space.
“Today, real-time payments systems support a variety of formats, from single immediate transfers and bulk payments to forward-dated items and standing orders. This not only improves efficiency and speed but also security and reliability” said David. He also stated that faster payments offer status confirmations, improved payment information and greater traceability and visibility over money flows.
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