Do you think about the “nines” as a trade-off, or a standard?
As a payment processor, we’ve assumed that any cash equivalent payment – debit cards, prepaid cards and electronic benefits transfer (EBT) cards – should be as reliable and immediate as cash. To that end, we established the “five nines standard.” That stands for 99.999 percent uptime, or less than one second per day or five minutes per year of downtime. Practically speaking, not every platform in the payments industry can or will....