Account-to-account (A2A) payments are an appealing alternative to credit and debit cards for merchants in many markets because they are less costly, involve fewer declines and require less back-office expense related to chargebacks. A2A payments can also be useful to a bank’s treasury management department for a variety of uses such as payroll disbursements, vendor and supplier payments, claims and insurance payouts and creator economy workers.

US-based Banked is a payment company that has spent the last five years building A2A capabilities that leverage real-time banking rails in...