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Drew Harris for Rapyd

Posted on Edited on Originally published at community.rapyd.net

Essential Insights from Rapyd’s Latest Report Every Payment Industry Developer Must Know

Key takeaways from Rapyd develoeprs need to know

Key Points for Developers:

  • Payment Delays: 73% of businesses in high-opportunity industries face delays of 2-15 days, which impacts cash flow.

  • Priority on Speed & Convenience: 38% of businesses prioritize fast and easy transfers. This is crucial for maintaining smooth operations.

  • Real-Time Payments (RTP): There’s a growing shift towards RTP for faster settlements and improved cash flow. Consider integrating RTP solutions to enhance payment processes.

  • AI in Fraud Prevention: AI is increasingly used to combat sophisticated fraud tactics. Implementing AI can help ensure secure and efficient transactions.

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