Use cases and consumer demand for Real-Time Payments continues to expand and payment ecosystem participants need to catch up in order to prepare for the impacts that Real-Time Payments may have on their business.
Blockchain is not a brand new technology. It is built on existing technologies and concepts that together constitute a novel infrastructure system that can be applied to various industries and use cases.
EFTs and ACH transfers are popular methods of money transfer for both consumers and businesses. Such electronic means have made payments much more accessible, and they are continuing to grow thanks to the explosion of online goods and services. The difference between these two can be confusing because they are both types of electronic fund transfers.