Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source

That is right. I agree with Mr. Kincaid that is how it works but that is not how it should work. With modern technology and everything else, it would be a major convenience to the person making and receiving the payment if there could be an immediate response. Mr. Kincaid said that system and its safeguards are more difficult to operate.

I would be happier with a system that showed the time from the exit from account A until receipt in account B, whether it was ten minutes, 20 minutes or half an hour. Knowing that period is important in detecting fraud.