More generally, if a business doesn’t like the price for fast payments it is getting from its bank, there are many other institutions that can offer an alternative. In the end, though, if it looks as though lack of access is stifling competition, the Reserve Bank has the power to designate and set an access regime.
As I said, I am fairly optimistic that we will not have to. But it is always an option. Security and real-time payments Finally, let me say a few words about fraud. It has been noted that in a world of real-time payments, fraud can also be done in real time.