Tom Groenfeldt

JULY 17, 2025

RTP funds are irrevocable, so the receiver doesn’t have to worry non-sufficient funds or a sender trying to cancel the transaction and demand the money back. One of their first big users of the real-time payments network was PayPal. ACH, which was developed in the early. All Rights Reserved.

Real Time Payments

PYMNTS

DECEMBER 7, 2017

Whether payments are moving between individuals (peer to peer, or P2P) or between consumers and businesses (C2B), they flow most easily from like to like — for instance, if the sender wants to use PayPal, the recipient must also have an account. That’s why ubiquity is so desirable. But in an ecosystem like the one in the U.S.,

Irrevocability

PYMNTS

JANUARY 21, 2019

FIN members include Amazon , Apple , Google , Intuit , PayPal , Stripe and Square. Truly instant payments require a system that can do that without any margin of error, because instant also means irrevocable. The letter cited what has become the all-too-familiar talking point about the state of faster payments in the U.S.

Faster Payments

PYMNTS

AUGUST 12, 2019

For the dwindling numbers of people who still receive a physical paycheck, new applications let workers take a picture of that check and get instant, irrevocable access to the funds for a modest fee. Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day.

Real Time Payments

PYMNTS

AUGUST 5, 2019

The Ingo app lets consumers take a picture of a check and get instant, irrevocable access to those funds instead of standing in line at their bank or check casher. It’s perhaps a little-known fact that about 10 years ago, one of the early instances of mobile check capture technology wasn’t from the big banks, but from PayPal.

Checks

PYMNTS

OCTOBER 16, 2017

Bitcoin’s innovation — anonymity and irrevocability — have taken the friction out of crime. That means that no one actually knows how much money has been lost to hacking, but the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable. As do MoneyGram and Xoom and PayPal.

Cryptocurrency