IR announced the launch of their new product – Real-Time Payments, as an extension to the existing IR Transact suite. This will enable businesses to modernize their payment processes and increase financial transparency. IR's Real-Time Payments product simplifies the complexity of managing real-time payments for businesses.

It enables detailed tracking of payment flows and monitors abnormal patterns instantly. The solution can utilize analytics to identify and respond to data patterns proactively – be it early detection of system slowdowns or improving service levels.