Real-time payments widely available in five years – ACI

The majority (83%) of financial industry professionals expect real-time payments to be widely available within five years, a survey has from ACI Worldwide has revealed.

The majority (83%) of financial industry professionals expect real-time payments to be widely available within five years, a survey has from ACI Worldwide has revealed.

The survey was answered by 200 financial industry professionals from across the world at Sibos this September.

Over four in five of respondents believed that universal real-time payments will become a reality in the next five years.

Paul Thomalla, senior vice president and managing director of EMEA at ACI Worldwide, said: "We’ve long anticipated the move toward real-time payments, and the response from both these survey participants and the community at large further validates our belief."

Among the survey’s other findings were that 77% of respondents agreed siloed processes curb innovation, and 64% believed that corporate customers will demand a fuller mobile or tablet banking offering within the next five years.

Thomalla said: "The same desire for convenience and anywhere, anytime access that has made mobile banking and payments popular among consumers is also fuelling the demand for a rich corporate mobile banking experience, as noted by the survey results.

"Corporate mobile banking needs to be a seamless part of a larger online banking strategy. To drive the necessary innovation, successful companies will take a universal, enterprise-wide approach to payments infrastructure."

 

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