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All too often, cardholders with goodfunds backing them up see their cards declined. This is the original, foundational black box,” he said, “and it is good, but not good enough in the moment. That’s because the neural network sees something it doesn’t like.
Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. NACHA reported that in Q4 2018, SDA volume hit 51.3
And for good reason, Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster and Ingo Executive Vice President and Chief Product Officer Lisa McFarland — instant payments present a world of interesting possibilities for creating better consumer experiences across a wide range of uses.
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