What is a defining characteristic of high-value payments?

High-value payments are characterized by their urgency and the significant monetary value associated with them. These payments often involve large sums of money, reflecting transactions that have substantial financial implications, such as corporate payments or interbank transfers. Given their importance, such transactions typically require prompt processing to meet business needs, regulatory requirements, or contractual obligations.

While it is true that some high-value payments may be recurring, this is not a defining feature of all high-value payments. Similarly, while many aim for real-time processing, not every high-value payment is guaranteed to be processed in this manner. The notion of a fixed processing fee does not apply universally to high-value payments, as fees can vary widely based on the payment system and the financial institutions involved. Therefore, the defining characteristic that encapsulates both the nature of urgency and the monetary significance of high-value payments is that they are often urgent and of significant value.