> "Consumers might also have the impression that sending money through Venmo is instant, but Venmo doesn’t do real time settlement," said Rusiru Gunasena, SVP of RTP Product Management and Strategy at The Clearing House. "There’s no money in hand in your wallet. There’s a lot of gymnastics behind the scenes needed to settle the payment and thus not true real time payment."<p>Wow, so this really is an instant payment system -- ideally meaning no longer waiting "n business days" for funds to arrive in my account supposing that the other party is using this service. That sounds great, honestly.