What is Real-Time Payment?

Definition

Real-Time Payment is an electronic payment method that enables the immediate transfer of funds between bank accounts, allowing both the sender and recipient to access cleared funds instantly. This system enhances liquidity management, operational efficiency, and transparency in financial transactions.

Key Features

• Immediate Fund Availability: Payments are settled instantly, improving Real-Time Cash Visibility and working capital management.

• Fraud and Risk Controls: Integrated Real-Time Fraud Detection and Real-Time Fraud Monitoring help prevent unauthorized transactions.

• Financial Oversight: Supports Real-Time Risk Monitoring and Real-Time Compliance Surveillance for regulatory adherence and operational control.

• Data-Driven Insights: Leveraging Real-Time Data Monitoring and Real-Time Finance Model analytics enhances decision-making and forecasting.

• Operational Enablement: Part of Real-Time Finance Enablement, enabling instant reporting, reconciliation, and integration with treasury systems for accurate cash flow management.

• Monitoring and Reporting: Supports Real-Time Spend Monitoring, Real-Time Risk Dashboard, and Real-Time Tax Reporting to maintain transparency and compliance.

Summary

Real-Time Payment is an instant electronic fund transfer system that improves cash visibility, strengthens fraud and risk controls, and enables data-driven financial decision-making. Integrated monitoring and analytics ensure secure, efficient, and compliant payment processes.