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Month: September 2017

Improving lives through better banking

Posted on 28th September 201711th March 2021 by

Imagine a world where banks are connected. Not just in the fairly tentative way they are now through all the third-party payment networks like card schemes and SWIFT but really connected. So they can pass rich, detailed messages of any type and where necessary, include real-time settlement with the message. What would such a world look like?

Posted in Payments Leave a comment

Who else will eat the banks’ lunch?

Posted on 20th September 201711th March 2021 by

An industry has built up due to the inability of banks to work together directly. But what would happen if the banks were actually connected? With a rich, immediate communication and payment network such as the Trusek Universal Payment System, that would allow the banks to act as an industry instead of a group of individual institutions.

Posted in Payments Leave a comment

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