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Building Momentum: Faster Payments Speed Up at FPC Fall Member Meeting

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 pretty fitting way to describe where we’re at today. As an organization, the FPC is gaining critical mass and accelerating toward more and more adoption. …

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U.S. Faster Payments Council Reveals Results from Inaugural Faster Payments Barometer

Collaboration with Glenbrook Partners Uncovers Key Industry Views on Faster Payments Advancements; Need for Ubiquity, Interoperability, Strong Dispute Resolution  Nov. 4, 2019 – The U.S. Faster Payments Council (FPC), in partnership with Glenbrook, today released results from the Faster Payments Barometer. As part of its ongoing mission to understand, influence, and drive the industry toward …

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FPC Draws Member Input with Town Halls on FedNowSM

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 new payments system initiated by the Fed in more than 40 years. With our responses, we, quite literally, are shaping the future of payments. And, …

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The Fed Is Going to Be an RTGS Operator.  Now What?

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 Faster Payments Council.