{"id":9118,"date":"2023-11-28T17:10:25","date_gmt":"2023-11-28T22:10:25","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=9118"},"modified":"2024-02-24T08:16:24","modified_gmt":"2024-02-24T13:16:24","slug":"what-are-payment-rails","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/what-are-payment-rails\/","title":{"rendered":"Payment Rails"},"content":{"rendered":"\n
In the context of banking and payments, the term “rails” is a metaphorical way to describe the underlying infrastructure and networks that enable the movement of money from one place to another. They are not physical rail lines, but rather virtual pathways or channels that facilitate financial transactions. Here’s a breakdown of the different types of “rails” you mentioned:<\/p>\n\n\n\n
So, when someone in the banking and payments industry talks about building or using “rails,” they are referring to setting up or utilizing these various networks and systems that enable the movement and processing of financial transactions in different forms.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the context of banking and payments, the term “rails” is a metaphorical way to describe the underlying infrastructure and networks that enable the movement of money from one place to another. They are not physical rail lines, but rather virtual pathways or channels that facilitate financial transactions. Here’s a breakdown of the different types […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"
In the context of banking and payments, the term “rails” is a metaphorical way to describe the underlying infrastructure and networks that enable the movement of money from one place to another. They are not physical rail lines, but rather virtual pathways or channels that facilitate financial transactions. Here’s a breakdown of the different types of “rails” you mentioned: Payment Rails: This term generally refers to the methods and networks used to process monetary transactions. These can include traditional banking networks, electronic funds transfer systems like SWIFT (used for international bank transfers), and Automated Clearing House (ACH) networks (used for…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"
In the context of banking and payments, the term “rails” is a metaphorical way to describe the underlying infrastructure and networks that enable the movement of money from one place to another. They are not physical rail lines, but rather virtual pathways or channels that facilitate financial transactions. Here’s a breakdown of the different types of “rails” you mentioned: Payment Rails: This term generally refers to the methods and networks used to process monetary transactions. These can include traditional banking networks, electronic funds transfer systems like SWIFT (used for international bank transfers), and Automated Clearing House (ACH) networks (used for…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n