Payments Services

Use Cases

Real-time Payments are intended to be used for transactions between FIs and any entity whether business, consumer, or government.


B2P
     BUSINESS TO PERSON
  • Temporary employee wages
  • Emergency payroll
  • Urgent B2C (e.g. disaster relief)

P2P
     PERSON TO PERSON
  • Non-commerce payments (e.g. rent payment to a roommate, emergency funds for a family member) 
  • Urgent Account-to-Account transfers (e.g. to fund investments or purchases)
  • Informal services (e.g. babysitting, lawn care)

B2B
     BUSINESS TO BUSINESS
  • Just in time payments to suppliers
  • Immediate bill payments with acknowledgment

P2B
     PERSON TO BUSINESS
  • Immediate bill payments with acknowledgment
  • Some e-commerce purchases