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Payment Transactions

A payment rail is a platform or 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.

Blockchain is considered a newer type of payment rail, as are centralized electronic payment systems such as:

  • PayPal
  • Venmo
  • Zelle

If the transferred funds are available immediately, a payment rail is referred to as a real-time rail.

Subscriptions​

Crypto subscriptions?

Credit Risk​

Current required behaviours for managing customer credit risk:

  1. Maintain a relationship
  2. Watch payment pattern
  3. Maintain credit score
  4. Recheck credit with the bank

Products​