The Path To Faster Payments Ubiquity Starts With You

Faster Payments Council Blog

FPC: Excited About Faster Payments
Mar 03, 2023
In February, the FPC, in partnership with Glenbrook Partners and Volante Technologies, officially launched the 2023 Faster Payments Barometer survey. It’s always such an exciting time for the FPC, as we like to look at the Barometer as a measurement ...
2023: A Significant Year for the FPC and Faster Payments
Feb 06, 2023
This year – 2023 – marks the five-year anniversary of the Faster Payments Council. It’s truly remarkable to think about how much we’ve been able to accomplish in such a short time. From foundational initiatives such as establishing our Board and Boar...
2022: An Accomplished Year
Dec 28, 2022
As the year comes to a close, I am in awe of just how much the FPC accomplished. And it is due to the dedication and persistence of our FPC Members, a passionate community of nearly 200 strong this year. Our efforts start at home, with events develo...
ISO 20022 Transition: How the FPC is Supporting a Significant Global Initiative
Dec 13, 2022
The progress towards ubiquitous faster payments on a global scale is gaining momentum. With the global transition to ISO 20022, originally slated to take place in November, and now on track for a March 2023 deadline, we will see all payment systems m...
Exploring Irrevocability and Industry Next Steps
Nov 04, 2022
Faster payments are booming. Q3 Same Day ACH payments grew 23.5 percent over Q3 2021. RTP® grew roughly 29 percent over the same time. Because of the growing success of these payments, transaction limits for Same Day ACH and RTP increased to $1 milli...
Rise of Faster Payments Underscores Need for Education
Oct 05, 2022
Today, if you wanted to illustrate the rise of faster payments, there’s a myriad of things you can point to. First and foremost, you can highlight the increased volume of faster payments. Just look at the rise in RTP®: In the second quarter of 2022, ...
3 Industries Experiencing a Payments Revolution
Sep 23, 2022
In the past couple of years, remarkable evolution has happened in payments. What once was a necessary part of doing business has now evolved into a driver of top-line growth. For many industries, payments are a noticeable differentiator....
Back to School? School’s Always in Session at the FPC
Sep 06, 2022
It’s back to school time: students back to learning, educators back to educating. But at the FPC, school is always in session. As educators of faster payments, our work to raise awareness and create resources to support faster payments never stops. ...
No “Dog Days of Summer” for the FPC
Aug 01, 2022
With many parts of the United States facing some of the highest temperatures of the season, I think it is fair to say that we are officially in the “dog days of summer.” But at the FPC, we haven’t let it deter us. If anything, over the past couple of...
FPC: Continuing the Production of Timely and Relevant Industry Resources
Jul 06, 2022
It’s been a productive year to date for the FPC. In the way of major reports, we’ve issued the Faster Payments Barometer, our annual survey gauging progress and perceptions around faster payments, use cases, trends, and challenges. ...
Supporting Business End-Users and Faster Payments
Jun 02, 2022
Recently, the FPC shared with members the detailed findings from our latest resource, the Business End-User Satisfaction with Faster Payments Momentum Report, a qualitative follow-up to some of the findings in the 2021 Faster Payments Barometer. ...
How Has the Pandemic Permanently Reshaped the Payments Experience and Consumer Behavior in the U.S.?
Jun 01, 2022
During the pandemic, the payments industry in the U.S. was tested like never before. Consumers were forced to shop and pay differently, and businesses were forced to find new ways of transacting. As a result, the demand for digital and convenient pay...