Faster Payments Council Blog

Proper tools are an important part of anyone’s job, and in this new work-from-home norm brought to us courtesy of COVID-19, I’d guess that we’re all relying on video conferencing tools and remote connections to advance our organizational missions.  ...

Faster payments can mean different things to different stakeholders. Faster payments can signify a same-day, immediate or instant payment, or even an instant message transfer. And, to some, a faster...

According to the results of our recent Faster Payments Barometer Study, 48% of organizations identify as early adopters of faster payments. While that’s a healthy number, it demonstrates we still...

If I had to summarize 2019, I’d call it a building year for the Faster Payments Council. We elected the first Board of Directors; held our very first Member Meeting;...

There’s strength in numbers. That’s a fact. But I’d venture to say that there is also strength in diversity. Having a representative mix of elements, equally contributing to the cause, can bolster the ultimate end product or outcome....

If I had to choose one word to sum up faster payments today, it would be momentum. In physics, momentum is directly proportional to mass and velocity, and that’s a...

In an effort to address questions about the Federal Reserve’s recently announced FedNow℠ Service and engage in dialogue on the many considerations that come with the new real-time gross settlement...

The fall industry conference season is in full swing, and we’re on the circuit, ensuring we’re in front of as many industry stakeholders as possible to share our vision for...

The clock is ticking. While responses to the FedNow Request for Comment aren’t due until November 7, we’re looking at a significant strategic undertaking: we’re forming recommendations for the first...

Now that we have had a moment to catch our breath since the Federal Reserve’s announcement last Monday that it will be developing a real-time clearing and settlement system, it’s time to take stock of the questions we’ve been receiving here at the Fa...