Instant payments could aid business efficiency – study
Kansas City Fed economists say several challenges must be overcome before benefits can be realised
The features of instant payments mean they could better enable straight-through processing (STP) for businesses, compared with other electronic payment methods, research from the Federal Reserve Bank of Kansas City has found.
In a paper published October 30, authors Todd Albers, Sam Baird, Fumiko Hayashi, Ken Isaacson and Aditi Routh say electronic payment methods have the potential to improve overall business efficiency by advancing STP – a method that enables financial transactions to be
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