The fundamental difference is in the processing and settlement of instant payments. Standard payments are processed several times a day, in batches, their clearing and settlement will take place within the end of the day. Therefore, the beneficiary at another bank will have the funds available until the next business day. Instant payments are processed individually, i.e. once the bank detects that it is an instant payment, it is processed and settled in real time. The recipient has the funds in the account available immediately, within a few seconds.