Faster Payments Council Blog

This month, the FPC released the results of the third installment of the Faster Payments Barometer, the annual survey that gauges progress and perceptions around faster payments, use cases, trends, and challenges. ...

Consumers were first introduced to real-time payments (RTP) a few years ago with the likes of Venmo and Apple Pay, with very positive results. Why wait hours or days to send money when you can do it instantly with one of these services?...

At the start of any new year, it is only natural to reflect on the events that transpired over the past 12 months. While, as an organization, we faced a number of challenges with COVID’s lingering impacts, through strong and persistent Member support...

The holiday season is a time to appreciate the more meaningful things in our lives. At the FPC, we embrace that mindset in all that we do, ensuring we are always providing value to the industry and taking impactful steps to get us closer to our faste...

Currently there are about 150 financial institutions, including all the largest banks in the United States, actively participating in The Clearing House’s Real-Time Payments (RTP) service. Included in this list are 27 credit unions (and counting) who...

At the FPC, we’ve always stood behind the fact that the “Work Groups are Where It’s At.” They’re where the real work happens. They’re where Members come together around some of the most pressing faster payments topics to examine, discuss and solve fo...

COVID has accelerated the development of faster payments and digital solutions and services, adoption of these products, and use by end users. This view isn’t new. It’s the opinion we’ve heard about, read in articles, and shared with others for some ...

The U.S. payments space has experienced rapid evolution over the past few years. The era of competing primarily on price and service has been replaced with one where banks can also differentiate themselves as providers of innovative payment solutions...

August is one of the indicators that the end of summer is near, and fall is quickly approaching. And at the FPC, we are already preparing for a busy fall season with speaking engagements, meetings, key Work Group deliverables, and other strategic ini...

“If you build it, they will come.” While that advice proved successful for Kevin Costner in “Field of Dreams,” its applicability to faster payments does not transfer as easily. We were keenly reminded of this important fact during our most recent FP...

Today’s consumers want fast, easy, digital transactions. It is now what they are accustomed to with the seamless and easy nature of services such as Airbnb, and what they demand, given the safety concerns brought on by the pandemic. ...

June marks the midpoint of the year. While it seemed like 2020 would never come to an end, 2021 is moving along at lightning speed. And the FPC seems to be keeping pace with it, having accomplished so much already this year: the launch of two new Wor...