Faster Payments Council Blog

At the FPC, our Work Groups continue to work to address pain points around faster payments and leverage opportunities to ensure advancement. To that point, this month the Cross-Border Payments Work Group will issue complementary Cross-Border Payment...

July 20 marked the first anniversary of the launch of FedNow® and offered an important milestone that invites us to reflect on the faster payments developments over the past 12 months including adoption, volume, and industry engagement....

At the FPC, we are committed to advancing the adoption and growth of faster payments. But we are also unswerving in our efforts to ensure faster payments are accessible and beneficial to all. In June, the FPC’s Financial Inclusion Work Group released...

In this blog, the FPC Digital Assets Work Group (DAWG) explores tokenized deposits, which offer the promise of significant risk reduction and automation potential to financial markets. Tokenized deposits have the potential to meaningfully drive adopt...

On the heels of Small Business Month in May, we reflect on small businesses’ impact on our economy and communities. At the FPC, we also see it as a time to inspect the challenges many small-to-medium-sized businesses (SMBs) face in payments—and the w...

The FPC Work Groups acknowledge there are cross pollination opportunities for real-time payments initiatives. Functions and operations that reduce the current 2–3 day payment processing and settlement time to instant funds availability are targets f...

I am still captivated coming out of our Spring Member Meeting that took place in late March. We were able to ask tough questions around cross-border faster payments, fraud, what the future holds, and more, and gain valuable expert perspectives in res...

The Faster Payments Council member, Barry Tooker wrote a piece posted on LinkedIn titled “Real-time Payments – Hang on, Not So Fast” - about his personal experiences with the sale of his house and the access to and availability of funds from that sa...

As we step into April, it’s important that we, as an organization, focus in on National Financial Capability Month. It serves as a month to increase financial literacy, expand financial inclusion, and empower consumers to enhance their financial well...

As we say goodbye to winter and set our sights on March and beyond, we look forward to warmer weather, springtime buds, and of course, the FPC’s Spring Member Meeting, where we’ll explore the current state of faster payments with an eye toward the fu...

Faster payment channels are relatively new within the U.S. compared to its use in countries around the world. However, what may be perceived as a lag in technological adoption in the U.S. should be considered an opportunity for financial institutions...

We’re just a month into 2024, but we are already hitting the ground running, having released three major industry resources in the last few weeks. On January 10th, we issued The Practicalities of Cross-Border Payments in a Faster Payments World. ...