Instant payment

Rarity: Common

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Notion

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Science and technology

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What Wikipedia says

Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.

Excerpt from the Wikipedia article “Instant payment”, under the CC BY-SA 4.0 license. Read the article on Wikipedia