Feb. 17, 2026 – The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of B2B Cross-Border Payments: Expert Insights on Faster Payments Adoption, a new report developed by the FPC Cross-Border Payments Work Group, sponsored by Mastercard. The report examines key challenges facing the B2B cross-border payments market and provides insight into how evolving payment capabilities and operating models may support more efficient cross-border transactions.
With global trade continuing to expand, cross-border payments remain a critical function for businesses, yet inefficiencies around speed, cost, transparency, liquidity, and data continue to limit progress. Drawing on insights from payments experts across financial institutions and fintech providers, the report outlines seven core challenges and explores how faster payments capabilities can help address them.
“As the B2B cross-border market is projected to grow to $320 billion by 2030, legacy issues like latency, data gaps, fraud and processing costs must be addressed along with the need for 24/7 real-time capabilities,” said Mark Majeske, SVP of Faster Payments at Alacriti and FPC Cross-Border Payments Work Group Chair. “Solving the seven core challenges identified in this report, including ISO 20022 adoption, will finally provide businesses with the transparency and immediate liquidity required for global success.”
The report emphasizes the importance of interoperability, richer data standards, and 24x7 availability to improve predictability and working capital management for businesses engaged in cross-border transactions. It also explores how newer technologies and operating models may complement existing payment infrastructures as the market continues to evolve.
“By grounding this report in real-world perspectives, we were able to move beyond theory and focus on practical use cases that matter most to businesses,” said Jonathan Holland, Vice President, Account Management at Mastercard and Vice Chair of the Cross-Border Payments Work Group. “These insights help clarify where faster payments can deliver tangible value today and where additional collaboration and innovation are still needed.”
According to the FPC, the findings underscore the need for continued industry coordination to bridge gaps between domestic faster payments capabilities and cross-border use cases, particularly in the U.S. market.
“This report reflects the FPC’s commitment to advancing industry understanding through education and shared expertise,” said Reed Luhtanen, FPC Executive Director and CEO. “By identifying both the challenges and the opportunities in B2B cross-border payments, this work helps inform the next phase of adoption and supports more efficient, transparent payment experiences for businesses.”