Immediate payments, or real-time payments, are payments where a customer of one bank initiates a payment to immediately credit an account at another bank—the credit is posted within seconds and a confirmation is sent back to the originating bank in real-time. The momentum behind immediate payments is growing around the world, as more schemes are introduced to mirror the “around-the-clock”, 24/7 real-time reality of today’s commercial environment.
D+H is a market leader providing immediate payment solutions – also known as real-time payment solutions, or faster payment solutions – to banks and financial institutions globally. Today, our real-time payments solution supports country and region-specific schemes such as Singapore FAST/G3, U.K. Faster Payments Service, and Sweden’s Swish real-time payments. Upcoming schemes include Australia’s New Payments Platform, the Euro-zone SEPA Instant Credit Transfer, U.S. real-time payments – including The Clearing House’s real-time payments network – and the Hong Kong Faster Payments System.
In 2013, D+H won The Banker’s ‘Innovation in Technology and Transaction Banking Award for Best Payments Technology’ to reflect the role D+H’s immediate payments solution has played as the core processing engine for Bankgirot, a European clearing house operator in Sweden. In 2014, Bankgirot also won a Celent Model Bank award for the real-time payments solution powered by D+H technology.
Interested in accelerating your move to real-time payments? Learn how D+H can support your immediate payments strategy by providing simulated connectivity to real-time networks using our cloud-based real-time payments test environments:
- For U.S. real-time payments networks, including The Clearing House
- For EBA Clearing’s pan-European instant payment infrastructure