Faster Payments Council Blog

Driven by the desire for quicker, frictionless payments, the U.S. financial industry is experiencing a faster payments revolution. The constant, 24/7 payment capabilities of services like The Clearing House’s real-time payments platform (TCH-RTP®) an...

This time of year, we’re reminded how thankful we are for our Members, as well as the entire payments industry. The tireless commitment of our Members to advancing faster payments in the United States is commendable and we are grateful that they cont...

While spooky season may have passed, the FPC continues to work hard to take fear out of faster payments. For example, insightful sessions at our Fall Member Meeting, which took place September 30 – October 1, in Denver, CO, gave us the opportunity to...

Anyone who has worked for a financial institution knows that technological change within an organization can lag significantly behind the pace of innovation. There is no better example than the efforts to modernize core banking platforms, which have ...

We’re at that time of year again, where the weather cools, the leaves begin to change color, and…… we gear up for the FPC’s Fall Member Meeting. This fall, we are excited to welcome everyone to Denver, Colorado, September 30 - October 1, for a meetin...

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...