Faster Payments Council Blog

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...

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, ...

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....

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. ...

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...

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. ...

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. ...

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...

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...

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 ...

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. ...

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 ...