Finance:Payment rail
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Revision as of 21:01, 25 September 2021 by imported>Gametune (change)
Short description: Term for a payment platform
A payment rail is a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network.[citation needed] Credit card rails are the credit card payment system. Blockchain is considered a newer type of payment rail, as are centralized electronic payment systems such as PayPal, Venmo and Zelle.[1][2] If the transferred funds are available immediately, a payment rail is referred to as a real-time rail.[3]
References
- ↑ "PayPal and Google bind payment rails". 2018-05-25. https://www.finextra.com/newsarticle/32159/paypal-and-google-bind-payment-rails. Retrieved 2018-09-26.
- ↑ "IS ZELLE BECOMING THE NEXT PAYMENT "RAIL"?" (in en-US). http://www.thepaymentsreview.com/is-zelle-becoming-the-next-payment-rail.
- ↑ "Canada's payments modernization effort chugs towards 'real time rail' by end of 2019". 2018-09-18. https://www.itworldcanada.com/article/canadas-payments-modernization-effort-chugs-towards-real-time-rail-by-end-of-2019/408972. Retrieved 2018-11-19.
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