Fintech Podcast By Ir
Payment Transaction Changes causing Banks to Re-examine their Technology
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:06:12
- More information
Informações:
Synopsis
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.