Twelve Stories That Shaped Real-Time Payments in 2022

Real-time payments provide value because knowing exactly when a payment will be received cannot be overstated. This is especially true for those with tight cash flow when paying rent or bills. Minimizing financial anxiety is important for consumers and businesses, and real-time payments can provide the speed, ease and security that can supercharge budgets, productivity and confidence.

“Real-Time Payments In Review: 12 Ideas From 2022,” based on PYMNTS’ Real-Time Payments Tracker® Series collaboration with The Clearing House, examines the 12 biggest real-time payments ideas from 2022 and where they are headed.

FinTechs Hold Keys For Real-Time Payments Adoption

Implementing real-time payments is a heavy lift, from picking the right technology to creating an infrastructure for payments and managing liquidity. Funding agents and leading FinTechs provide a range of tools and embedded solutions that integrate payments to the RTP network and help reduce fraud. As use cases increase, collaborating with a trusted and experienced real-time payments partner is key.

To learn more about how FinTechs play a role, we spoke with Steve Dubner, vice president of payment products at Payrailz.

Matching Experience to Expectation

As customer preferences shift to a more streamlined digital payment experience, real-time transactions must keep up. As financial institutions (FIs) operationalize real-time solutions, they must lean on implementation partners to help remove friction related to specific use cases before they occur. Use cases, especially business-to-business (B2B) applications, are increasing, so there will be ample incentive to drive additional convenience and security.

To learn more about how payment experiences can match expectations, we spoke with Jim Colassano, senior vice president of RTP product development at The Clearing House.

Cross-Border Payments Are the Next Frontier

There is great potential for banks to handle cross-border payments better, unlocking a titanic wave of opportunity for an increasing number of business-to-consumer (B2C) and B2B international transactions. Clearing banks are readying for a next-generation shift to remove frictions from real-time cross-border transactions in the same way domestic real-time payments have been simplified. Fraud-fighting support and currency flexibility are must-haves for the Clearing 2.0 era.

To learn more about the changing cross-border landscape, we spoke with Shaunt Sarkissian, group chief markets officer at The Bank of London.

About the eBook

“Real-Time Payments In Review: 12 Ideas From 2022,” based on PYMNTS’ Real Time Payments Tracker® Series collaboration with The Clearing House, examines the top 12 ideas in real-time payments for 2022 and where they are headed.