Immediate payments: How fast?

24 June 2014 10,063 1 comment

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Joanna Wright, VP Emea, Fundtech, explains the meaning of immediate payments, the speed required, which model works best and how banks should implement these techologies.

Related Company

Fundtech

Channels

/regulation & compliance /retail banking /payments /wholesale banking

Keywords

cards ebaday mobile & online banking transaction banking

Comments: (1)

Lars Aase Consultant at CAPSAB

24 June 2014

The best and most user friendly, secure and cost effective system for person-to-person money transfer on the market is Swish in Sweden .

Very easy to use
Money in seconds incl push notifications and 24/7
Secure (using the super auth solution mobile bankID)
Low cost (approx €0,10 per transfer)
Soon available for p2b transfers
..and very nice customer adoption!

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