Study: Business, Consumer Appetite for Faster Payment Options Grows
According to new Federal Reserve studies, a majority of businesses and consumers are already using faster payments, and most are likely to use them more often in the future.
Pioneers of Now: Instant Payments Enthusiasm from Across the Industry
With the upcoming launch of the FedNow(SM) Service in 2023, financial institutions and service providers around the country are preparing for the future of instant payments. The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from these organizations working toward early adoption of the FedNow Service.
Study: Businesses Increasingly Want to Use Faster Payments for Day-to-Day Operations
Federal Reserve survey reveals that businesses continue to show strong interest in using faster payments for a variety of transactions.
The Federal Reserve Launches FedNow® Service Provider Showcase
The Federal Reserve has unveiled a new showcase featuring more than 70 profiles of service providers that support instant payments.
Preparing for an Instant Payments Journey
In determining how faster payments, and specifically instant payments may fit into your organization’s payments strategy, consider the Federal Reserve’s ongoing instant payments education series as a resource for the journey.
It’s Time to Get Ready for Instant Payments
With faster payments, and specifically instant payments being hot topics in the United States and around the world, there is no better time than the present to continue learning about this key area for the future of payments.
Announcing Participants of the Newly Created FedNow Pilot Program
To support the development, testing and adoption of the FedNow(SM) Service, the Federal Reserve has announced industry participants in the FedNow Pilot Program.
Continuing on the Road to Instant Payments
Faster payments, including instant payments, are quickly gaining popularity around the world. And here in the United States, the topic is at the forefront of the payments industry. Now is the time to start learning more about this important and evolving area for the future of payments.
Follow the Journey to Faster Payments
As part of our collaborative efforts with the industry to improve the U.S. payment system, the Federal Reserve will be sharing educational resources to help stakeholders across the payments ecosystem see the possibilities and plan for the implementation of instant payments.
Reed Luhtanen: A First Year Playbook During Times of Change
Beginning a new role can be a stressful transition during the best of times. Taking the reins as executive director of the U.S. Faster Payments Council (FPC) in the midst of a global health crisis adds another layer of complication.