In this Forbes’ article, Tom Groenfeldt discusses the emergence of the realtime payment ecosystem and its demand on the realtime API environment.

Faster payment systems are being adopted in countries all around the globe even though there is no compelling ROI argument for them, according to the fourth annual Flavors of Fast payments study from FIS.

In fact, many of the innovations accompanying faster payments are not about pure speed but other attributes such as 24x7x365 operating hours and standards like ISO 20022 that support data like invoices moving with payments or requests for payments.

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