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90% of Banks Say Customers Would Benefit From Instant Payments

  • Many financial institutions remain hesitant to adopt real-time payments due to concerns over legacy system upgrades, fraud risks, and customer demand.
  • A PYMNTS Intelligence report explores these barriers and the importance of partnerships to drive wider adoption of real-time payment solutions.
  • Cost and fraud concerns are major obstacles for banks in implementing real-time payment systems.
  • Despite concerns, 90% of banks believe that customers would benefit from instant payments.

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