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What’s Fast And Slow And Read All Over?

PYMNTS

The company that commercialized the idea and consolidated the market to establish the first global faster payments network was Western Union in 1851. Western Union launched its national money transfer, which provided fast payments between people and businesses, in 1871. That alone would give us much faster payments, on average.

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Most Platforms Can’t Scale, Will Fail

PYMNTS

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” It’s going to leapfrog those sleepy big giant payments networks. Is it one those amazing blockchain things?

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