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Instant Payments
Instant payments are useful for companies because they offer better cash flow management by speeding up fund movement and reducing payment default risk, automate internal processes like reconciliation, and enhance financial planning by providing real-time visibility into liquidity.
API banking, sometimes referred to as open banking, is the practice of banks and other financial institutions releasing their data and tendering services through secure application programming interfaces (APIs), when customers give consent.
Instant payments are useful for companies because they offer better cash flow management by speeding up fund movement and reducing payment default risk, automate internal processes like reconciliation, and enhance financial planning by providing real-time visibility into liquidity.