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BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. RTP has showcased its ability to help customers pay providers for received services, but such systems offer more than immediate, final and irrevocable transactions. Real-Time Utilities Payments .
It’s not hard to understand why the medium, small and micro-business owners of Canada would appreciate Interac e-Transfer , which enables them to send or receive funds instantly, directly from or to their bank account, as well as request payments from customers — minus the awkward face-to-face element of asking someone for money.
Then there’s the digital banking movement and the land grab for the bank accounts of millennials. There’s only one problem – as a category, millennials don’t really have any money to put in those bank accounts. Instantly, and irrevocably. Here in the U.S., But since I’m already at 3,500 words, I’ll stop.
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