Why does Real Time Payments matter?

• It’s transforming the customer experience (including for consumers, merchants and businesses)
• Less intermediaries makes payment processing simpler and cheaper
• Speeding up the flow of commerce
• Reducing wasteful manual processes
• Improving security and fraud protection
• Future-proofing the sector

Speed Matters!

• Around a decade ago, in the US, building contractors were asked to drill through a mountain as part of a project to create a new super-fast, straight-line internet connection.
• The new connection increased the speed of Wall Street transactions by 1/1000 of a second.
• That extra millisecond reportedly translated into a billion extra dollars transacting through Wall Street every hour!*

Real Time Payments is a speed solution that businesses want:

65% of small-medium sized businesses say they would switch providers for real-time payments.