Introducing the U.S. Faster Payments Council
The Governance Framework Formation Team (GFFT) has launched a new, highly anticipated payments organization – the U.S. Faster Payments Council (FPC). In today’s increasingly mobile, digital economy, Americans are demanding a world-class payment system where they can safely and securely pay anyone, anywhere, at any time and with near-immediate funds …
Fall 2018 Progress Report Now Available: Payment Improvements Continue to Gain Momentum
We are pleased to announce the release of our Fall 2018 Progress Report (PDF)! The report highlights the important work we’ve completed in collaboration with the industry and next steps we’re taking toward the desired outcomes for speed, security, efficiency, international payments and collaboration as outlined in the Strategies for Improving …
Survey Yields Important Insights for Proposed U.S. Faster Payments Council
A recent survey of payments industry stakeholders on the draft Operating Vision for the proposed U.S. Faster Payments Council (FPC) revealed support for the organization as well as insights on how it could be changed to better serve the needs of the payments industry. The Governance Framework Formation Team (GFFT) …
U.S. Faster Payments Council Proposed: Industry Encouraged to Review, Comment
A draft framework for a faster payments governance organization to be called the U.S. Faster Payments Council (Off-site) is now available for broad industry review and feedback. The goal of the proposed U.S. Faster Payments Council is a ubiquitous, world-class system in 2020 where Americans can safely and securely pay …
Progress Report Now Available: Review Accomplishments and Look Ahead to Future Plans
Today, we are excited to announce the release of our Spring Progress Report (PDF), which outlines the important work we’ve completed and next steps toward achieving better, safer, faster payments for everyone. As you’ll see in the Spring Progress Report, we had another busy year! Highlights and next steps of …
Coming Soon: Draft Faster Payments Framework for Stakeholder Feedback
A framework to help drive the industry toward ubiquitous faster payments is about to make its debut. In its final report published last July, the former Faster Payments Task Force identified establishment of this industry governance framework as critical to sustaining progress and successfully executing many of its recommendations. The task …