Instant Recurring Payments: Unlocking Opportunities in High-Growth Vertical Markets Paper
The FPC Instant Recurring Payments Work Group, sponsored byBNY, has published a new white paper exploring how instant recurring payments can transform traditional billing and payment processes. While recurring payments are foundational across industries, many still rely on legacy systems that limit speed, transparency, and efficiency. This paper examines how instant payment capabilities, including Request for Payment and standing authorizations, can address these challenges and deliver meaningful benefits.
Focusing on high-growth sectors such as insurance, subscription services, utilities, investment management, and property management, the report outlines key opportunities, challenges, and considerations for adoption. It also provides practical insights to help financial institutions, businesses, and other stakeholders evaluate and implement instant recurring payment solutions.