Real-time payments are instant payments that are posted in real time. Both the data and money movement happens at the fastest speed possible for maximum visibility and optimization.
Beyond speed, real-time payments offer a host of benefits for billers. While traditional methods such as ACH necessitate batch processing, real-time payments offer single integration files, single posting files, single deposits, single reconciliation, etc. Real-time payments also allow for more data to be attached to each transaction, helping billers best track payments and optimize reporting.