Payment Transaction Changes causing Banks to Re-examine their Technology
from FinTech Podcast by IR Hosted by FinTech Podcast by IR
In the next two years, new rules are taking effect that will change the way payments are handled. If you’re paying a bill or transferring money from one bank account to another, it typically takes three days until the transaction is finalized. After the new changes take effect, it will take a matter of seconds. It’s a huge change, and it means that banks are going to have to re-examine their technology to make accommodations.
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This episode was published on March 13, 2017.
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