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Picking Up The Pace Of Payments

Picking Up The Pace Of Payments

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.

Data:

$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.

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