Immediate payment schemes have an enormous growth potential with 50 plus solutions in place or under development worldwide. They transform the way payments are transacted and yet many scheme providers and banks underestimate the complexity and cost of implementation. There is huge industry demand to access immediate payment schemes, yet the approach taken to connectivity and achieving certification is often laboured, conventional and dependent on reiterative processes.
Time for a smarter approach to integrating the multiple upstream and downstream systems of banks to the new functionality of immediate payments infrastructures. An alternative way to improve and accelerate access with many measurable benefits.
One of the key challenges for Immediate Payments expansion is bank and member readiness. Friction needs to be removed from that process to enable more rapid realisation of the objectives of the scheme, and traditional methods are doing nothing to reduce this friction.
Join this webinar from Finextra, in association with Iliad Solutions to hear industry experts discuss the following and more: