RTGS systems settle transactions individually in real-time, ensuring immediate finality of payments.
The ACH network processes transactions in batches, typically at the end of the business day, rather than in real-time.
CNP transactions, where the cardholder is not physically present, are particularly susceptible to data breaches and unauthorized transactions, as the card details can be compromised online.
The ACH network is commonly used for recurring payments such as payroll and utility bills due to its batch processing and cost-effectiveness.
The Fedwire system is designed for the real-time transfer of large-value, time-critical payments between banks.
