Faster Payments Council Blog

We’ve become accustomed in recent years to talking of real-time payments in the U.S. in terms of its untapped mega-market potential. But, like so much else, it seems that the trend-shattering events of the previous year-and-a-bit have intervened to t...

Real work happens in the FPC’s Work Groups. They’re where we engage in the sometimes difficult, but necessary, dialogue to move faster payments forward. They’re where we identify the best options to solve specific problems. They’re where we create th...

Maya Angelou once said, “You can’t really know where you are going until you know where you have been.” As the new year begins to take shape, this idea continues to resonate as a strong guiding principle for the work of the FPC. For our work, evalua...

As each year comes to a close, it is customary to look back and take stock of accomplishments. 2020 is no different, despite the challenging year we’ve all faced due to the impacts of the COVID-19 pandemic. But even with the challenges, which for man...

Autumn brings falling leaves, cooler weather, and for many organizations, strategic planning. As such, it is an opportune time to highlight the importance of planning for faster payments. While we’ve been encouraging organizations to prepare for year...

In a year where we’ve seen the emergence of the COVID-19 pandemic, the raging wildfires in California, a hurricane season so active we’ve exhausted the alphabet, and more, “unprecedented” has become an all too familiar term. And these incomparable ti...

For most of us, the pandemic has upended our way of life. It has changed our working styles and environments. It has altered shopping habits. It has driven a surge in touchless and remote transactions. And while all of these are colossal shifts for ...

“Faster payments equals faster fraud.” It’s the proverbial phrase that has echoed throughout the financial services industry since faster payments were introduced in the United States (well, even before they were formally introduced.) And there is po...

Within the faster payments arena, we’ve got a lot. We have faster payments rails, including The Clearing House’s RTP® Network, the ACH Network (Same Day ACH), Visa Direct, Mastercard Send, and soon, a brand-new rail in FedNow℠. ...

Around the world, QR codes continue to explode in popularity as a payments instrument. In China, over the past three years, QR code “scan-to-pay” solutions have grown 15-fold, reaching $1.3 trillion U.S. in the fourth quarter of 2019.  ...

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...