Navigating Instant Recurring Payments: Consumer, Business, and Financial Institution Perspectives Report

This comprehensive needs assessment offers strategic insights into the implementation of instant recurring payments, focusing on the unique perspectives of consumers, businesses, and financial institutions.

Spearheaded by the FPC Real-Time Recurring Work Group (RTRWG), sponsored by BNY Mellon, the new report delves into key components essential for the successful deployment of instant recurring payments. It highlights the importance of features such as Request for Payment (RfP) and standing approval, providing a robust foundation for seamless and secure transactions in the dynamic landscape of instant payments.

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