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FPC 2022 Fall Member Meeting

Faster Payments Council

Join this session to learn more about exchange framework assessments and pilot programs backed by the Business Payments Coalition (BPC), Federal Reserve and industry. RTP) looks like right now, best practices in implementation, and lessons from the market.

FPC
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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

PYMNTS

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. Instant payment systems, such as TCH’s RTP and the U.K.’s s Faster Payments Service (FPS), only enable push payments.

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Ready Or Not, Faster Payments Will Impact Corporate Operations

PYMNTS

“What we’re seeing evolve [with] faster [payment] systems, especially with RTP by The Clearing House or RTGS that is proposed by the Federal Reserve , is that these systems are handling each individual payment on its own,” said Schoch.