Accelerating Account-to-Account Transfers via Real-Time Payments

Account-to-account payments involve direct electronic fund transfers between two bank accounts, skipping the usual intermediaries like credit cards or escrow services. As digital banking becomes more ubiquitous, A2A transfers have seen increased adoption in recent years, accounting for $525 billion in eCommerce transaction volume in 2022. In the U.S., however, A2A payment rails have been …