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These technological advances will be particularly appealing to Gen Z and millennials, who are more comfortable with technology.<br><br>RTP overcomes the limitations of ACH/Wire Transfers which can take up to a day to transfer funds (although same-day ACH has now become possible). Real-time payments are not just faster bank transfers but also eliminate transaction risk because funds are irrevocable. They also support adding more context to each transaction. They also allow for more transparency in the banking process, which is a top priority for a third of PYMNTS survey respondents. Furthermore, they reduce costs by allowing more efficient financial management and forecasting. They can even increase liquidity and reduce the requirement for credit, which is which is a major benefit for small businesses that are struggling with slow ACH payments.