Payments News

Systems

Why banks have trouble selling real-time payments

“One challenge is simply the legacy infrastructure on which most financial services companies today are built. Companies that provide ERP systems like SAP or Oracle have built their systems in a batch processing world and need to also become real-time. “You’ve never needed real-time accounting, but now that you’re doing more in a digital world, real-time capability is table stakes,” said Christopher Ward, PNC Bank’s head of treasury management product management. “The experience for the consumer is going to drive change in the way companies embrace RTP.””