Faster Payments Council Blog

The Pumpkin Spiced Latte returned at Starbucks. Stores are showcasing their Halloween displays. And college and NFL football are kicking off. What does this all mean? Fall is basically here, and so too is our 2023 Fall Member Meeting....

What a historic month for faster payments in the United States! The second instant payments system, FedNow®, formally launched, enabling new opportunity and innovation for financial institutions, payments providers, businesses, and consumers....

Summer is officially here and travel is surely on the mind. At the FPC, we’re also thinking about how payments travel cross-border. As we all know, cross-border payments can be slow and costly. They often lack transparency. And the process to ensure ...

May is Small Business Month, a month in which we support and encourage the 33.2 million small businesses (which account for 99.9 percent of all businesses) in the United States that serve as an integral part of our economy. But despite their critica ...

In April, the Faster Payments Council released the 2023 Faster Payments Barometer, the fourth installment of its survey gauging progress and perceptions around faster payments in the United States, and the trends, use cases, and challenges impacting ...

Having attended the Faster Payments Council, Spring Member Meeting I had a unique opportunity to meet, learn and the share latest thinking with stakeholders from across the payments industry. For those that weren’t able to attend, it was two days fi ...

As the saying goes, “March winds and April showers bring forth May flowers.” March sets the foundation for the spring months to come. At the FPC, we used the month of March and our 2023 Spring Member Meeting to discuss new ideas to further activitie ...

In February, the FPC, in partnership with Glenbrook Partners and Volante Technologies, officially launched the 2023 Faster Payments Barometer survey. It’s always such an exciting time for the FPC, as we like to look at the Barometer as a measurement ...

This year – 2023 – marks the five-year anniversary of the Faster Payments Council. It’s truly remarkable to think about how much we’ve been able to accomplish in such a short time. From foundational initiatives such as establishing our Board and Boar...

As the year comes to a close, I am in awe of just how much the FPC accomplished. And it is due to the dedication and persistence of our FPC Members, a passionate community of nearly 200 strong this year. Our efforts start at home, with events develo...

The progress towards ubiquitous faster payments on a global scale is gaining momentum. With the global transition to ISO 20022, originally slated to take place in November, and now on track for a March 2023 deadline, we will see all payment systems m...

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...