According to the paper, 50 to 100 countries will implement Immediate Payments infrastructures in the next 10 to 20 years to achieve the speed, ubiquity and availability that immediate payment processing delivers.
Authored by Gene Neyer, Fundtech Senior Vice President of Global Payments, the paper showcases the many common themes that emerge despite the diversity of various countries’ Immediate Payments implementation models. With this in mind, banks can readily prepare for the initiatives even before specific details of a particular country’s scheme are known. It also outlines the challenges and pitfalls that banks may encounter during implementation, and how to avoid complications.
In recent news, Fundtech has launched Global Messaging Plus, a financial messaging platform which is set to act as the technology gateway for all its service bureaus.
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