The Path To Faster Payments Ubiquity Starts With You

Faster Payments Council Blog

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...
Bank Transformation: Taking the Pain Out of Implementing Real-Time Payments
May 27, 2022
Despite the surge in instant digital transactions driven by the pandemic, a fascinating 39% of demand deposit accounts (DDAs) in the US are still not connected to the Real-Time Payment RTP Network. According to US Bank, The Clearing House’s RTP Netwo...
Putting Sustainability in Payments
May 12, 2022
How green are your payments? Carl Slabicki, Co-Head of Global Payments at BNY Mellon, explores the environmental impact of paper checks and how digital solutions can lead to a sustainable future. Sustainability has fast become a top priority for sta ...
Supporting the Underserved: Education, Programs and Products, and Faster Payments
May 09, 2022
Last month’s Financial Literacy Month has put today’s economic environment in a new perspective. With inflation on the rise--prices rose 8.5 percent in March, compared to 2021, the biggest year-over-year gain since December 1981. ...
Payments Fraud: Taking Advantage of the Human in Us
Apr 04, 2022
We are our own worst enemy. It’s been said of humans many times before, in different contexts, but one in which it has grown in applicability is in payments, and in particular payments fraud. According to the latest research, payments fraud as a re ...