In many parts of the world, real-time payments are part and parcel of daily life and have been for many years. More than 50 countries have systems, with some more than 40 years old and many processing in excess of 1 billion transactions a year. Yet one country stands out. Of the largest 15 countries ranked by GDP, the U.S. is alone in not having significant volumes of real-time payments yet.
In this report, Celent, the leading research firm on technology for financial institutions, provides insight as to why this is and highlights that many of the perceived barriers are just that–perceived. In fact, they create a great opportunity. But more importantly, by not providing to their clients, financial institutions are ignoring their own clients’ demands. Learn why the time for U.S. real-time payments is in fact now.
