News & Insights

The payments industry is ever-changing. There is a growing need for faster, seamless payments as new technology and competitors emerge. Compared to current fintech solutions, a funds transfer on existing payment rails may take hours or up to a couple days to settle and post to a customer’s account. Until recent years, however, there had been no united payments industry effort to provide additional alternatives for instant transactions. All of that is now on the cusp of change.