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As Ingo Money CEO Drew Edwards told PYMNTS , “There are enough rails in place today to provide ubiquity, choice and instant access to goodfunds for consumers. We need to give payors more options to deliver choice, and more ways to build trust with the consumers and SMBs that the funds they get instantly will not be clawed back.”.
That’s particularly true when funds are truly instant — meaning they are irrevocable. As Edwards noted, although having a real-time infrastructure would make the clearing and settlement process more efficient, payors and the channels that serve them don’t have to wait to move funds in real time to a payee.
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