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Among the opportunities is the concept of decentralized credentials, which involves the use of distributed ledger technology (DLT) to establish digital identities for credit union members, without relying on a central authority to manage that database. “The biggest weakness a payment has is anonymity,” Esser said.
Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. Today, the CPMI said, electronicfundstransfers (EFTs) are among the most common method for handling cross-border B2B payments, as are checks via international bank drafts.
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