Also known as instant or real-time payments, fast payments offer the instant transmission of a payment message and the immediate availability of funds to the beneficiary 24/7/365. But with novel payment systems often come novel challenges in running and operating the payment scheme itself. To meet the demands of rapid funds availability, fraud protection, broad inclusion, and payment system stability, jurisdictions around the world are building new and innovative scheme systems.
In this webinar, Colin Colter (Payments Consultant, World Bank) and Claudio Ceresani (Senior Payments Consultant, World Bank) discuss major trends and challenges in designing and operationalizing scheme rules in fast payment systems.