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Podcast: Payments on Fire™
Episode: Episode 144 - Innovation in Fast Money: 4th Annual RTP Network Update - Steve Ledford, The Clearing House
Description: A Global Phenom Realtime Retail Payments (RTRP) systems are a global phenomenon. These systems exist or will soon in over 50 countries around the world. Some have been in operation for decades. The UK's Faster Payments system, operated by Mastercard's Vocalink unit, has been in operation for over ten years. Still others are still in the design stage. These account-to-account systems (A2A) have gained in regulator popularity because: They are fast. The receiver has near instant availability They are push payment systems. Transactions don't take place unless the sender has enough money to fund the transaction...