Accenture - Placing real-time payments at the heart of the digital economy – From the humble bank account to the Internet of Things
Demand for real-time payments is pulling payments from a background utility service – one that is mainly mass, batch and interbank, to the forefront of the digital economy.
This demand requires open access to payment systems by non-banks, and bank accounts capable of providing immediate availability of funds in digital transactions.
Real-time payment initiation, receipt and confirmation on any device, anywhere and at any time make the combination of real-time payments and the Internet-of-Things a powerful combination in creating new business models and customer propositions.
In this session, we explore the benefits of opening up access to real-time payment systems to both banks and non-banks, giving bank accounts a key role in the growth of digital commerce.