PYMNTS

JULY 24, 2017

But recommendation number five is for the Fed to “determine the optimal design of and implement a 24/7/365 settlement service to serve the needs of the faster payments system…and level the playing field.” It’s also a puzzle that we’d even look to the Feds in the first place to drive payments innovation. back in 2014.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

MARCH 10, 2017

banks operate the rails because it’s their assets that these rails will move, but it’s still up for the debate if ownership lies with the clearinghouses, the Fed or even the card networks. As new payment rails are deployed, the biggest question is who actually owns them. FIs in the U.S. To Disrupt Or Be Disrupted? In the U.S.,

Faster Payments 67

Faster Payments Payments Interoperability Push-to-Card 67