The Path To Faster Payments Ubiquity Starts With You

Faster Payments Council Blog

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...
Answering the Tough Questions Around Faster Payments
May 08, 2024
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 Next Frontier – Digital Assets Mortgage Processing
Apr 12, 2024
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...
Supporting Financial Inclusion This April
Apr 08, 2024
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...
Looking Forward at the FPC’s Spring Member Meeting
Mar 05, 2024
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...
Scaling for Faster Payments
Feb 08, 2024
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...