Near real-time payments enable money to move quickly between customers, corporates and banks. Greater efficiency and delivery of payments frees funds and resources for other crucial segments of business.
Payments can be initiated on their due date, eliminating the need to create a payments file three days before the money is due to be paid.
As Faster Payments allows corporates to credit customer accounts in near real-time this substantially improves the service provided and removes the perception that the payment is being delayed.
In any circumstance, your customers do not want to be presented with transaction delays, the efficiency of faster payments could result in an upturn in customer loyalty and retention as they enjoy an enhanced level of service.
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