The evolution of payment system access models
As technology and regulation have evolved, payment system access models have shifted as well with a clear trend toward expanded access to clearing for banks and non-banks alike.
Source: Lipis Advisors
Learn more about RTP and industry trends with these helpful resources:
Real-time payments: The need for speed
Introduced in response to the global financial crisis in 2008 the New Access Model was designed to remove barriers and create a level playing field for smaller/challenger financial institutions and PSP’s to connect to Faster Payments.
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