The U.S. payments landscape is at a pivotal crossroads. Over the last decade, significant strides have been made with instant payment systems like The Clearing House’s Real-Time Payments (RTP) network and the Federal Reserve’s FedNow Service. Despite these advancements, the majority of U.S. transactions still rely on traditional methods, like checks and batch-processed card payments. With 70% of payments processed this way, according to the Federal Reserve’s Payments Study, it’s clear the U.S. lags behind other nations in adopting real-time payments.
What's the key to making instant payments mainstream? Matera Co-founder and CEO, Carlos Netto, shares the tools to leverage in his latest article. Read the full article on Finxtech.com here.