“The current payment system is antiquated, expensive and slow,” Banked co-founder and CEO Brad Goodall tells me. “Companies wait days, sometimes weeks to be paid and are taxed with high fees for the privilege. Banked transacts in real time, sending funds directly from the customer’s bank account to the company’s bank account and charges a single low fee of 0.1%.”

https://techcrunch.com/2020/05/06/banked/