Payments and the Need for Speed: Real Time and Beyond

As real-time payments rapidly grow in adoption, businesses recognize that speed of settlement is not the only benefit.

Boston, December 2, 2021 – For many industry segments, real-time payments have become table stakes as companies seek to create market differentiation, increase recipient satisfaction, and streamline the payments process. While these innovations in real-time payments, including push-to-card and RTP, are significant, the need for speed also includes real-time access to data and automation of processes, such as payment routing, payment reconciliation, and payment integration.

This report, sponsored by Discover Global Network, provides an overview of speed as a consideration of payment methods used and in payments modernization. It is based on a quantitative survey of 251 payment decision-makers with small, midsize, and large enterprises in the U.S. conducted in Q1 2021 and is backed up by a series of qualitative interviews with industry stakeholders.

This 16-page Impact Report contains six figures and one table. Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.

This report mentions Discover.

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