Instant Payments: Clearing and Settlement Issues

Instant payments have long been a dream and some companies are putting in significant efforts to make that dream come true. As consumers, we can already enjoy the convenience of instant payments with Google Wallet that recently enabled instant payments using a phone number. However, we are still not at a stage when instant payments are a habitual every-day practice. While consumers have extremely high expectations from payments providers, it is actually quite a complex task. One set of important points to consider is the clearing and settlement of instant payments.

At this point, all transactions perfo ...

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