The Path To Faster Payments Ubiquity Starts With You

Faster Payments Council Blog

Digital Wallet in Support of Digital Assets for Instant Payments
Dec 11, 2024
The widespread adoption of digital wallets is transforming access to a broad range of payment options for consumers and businesses, all through a secure interface. Integration of mobile phones with hardware secure elements is accelerating this trend,...
Preventing Fraud Losses in the New Era of Faster Payments
Dec 05, 2024
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...
FPC: Grateful but Always Working to Improve Member Support and Engagement
Dec 02, 2024
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...
The FPC’s Fall Member Meeting: Taking the “Fear” Out of Faster Payments
Nov 04, 2024
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...
The Role of Digital Ledger Technology in Core Banking Functions
Oct 21, 2024
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 ...
Gearing Up for Fall…and the Fall Member Meeting
Sep 27, 2024
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...
Addressing Pain Points and Ensuring Progress Through Work Group Efforts
Sep 06, 2024
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...
Celebrating the FedNow Anniversary: Significant Advances in Just One Year
Aug 05, 2024
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....
FPC: Working Towards Advancement and Inclusion
Jul 02, 2024
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...
Tokenized Deposits and the Potential for Faster Payments
Jun 28, 2024
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...
Addressing SMB Faster Payments Challenges
Jun 04, 2024
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...
Where Worlds Collide: Currency Conversion for Cross-Border and Digital Assets
Jun 03, 2024
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...