The best speed in payments is usually faster – both when getting paid and when paying out. The ideal speed, of course, would be instant when possible. But picking up the pace is not as easy as flipping a switch and saying go – with faster payments come the chances for faster fraud, and more possibilities that transactions will go by too fast to be properly secured and verified.
$34 billion: Projected valued for real-time compensation over the next five years.
29 billion: Number of transactions that could benefit from faster disbursements each year.
90: Number of nations where Citi Payment Outlier Detection solution has debuted.
50: Number of countries that are actively piloting or pursuing real-time payments.
21: Minimum purchase age the FDA would like to put on e-cigarette products.