Remove Credit Push Remove Cross-Border Payments Remove Mitigation
article thumbnail

FPC 2022 Fall Member Meeting

Faster Payments Council

The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs.

FPC 88
article thumbnail

FPC 2023 Fall Member Meeting

Faster Payments Council

(Foundry Ballroom) Payment networks need volume to scale and keep costs low. 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 panel will also examine leading practices to help FIs and corporates mitigate these risks.

FPC 88
article thumbnail

Breaking Down The Faster Payments Construct

PYMNTS

Alternatively, Same Day ACH is designed to support all ACH payments, both credit (push transactions) or ACH debit payments (those which pull money from an account after authorization.). For instance, some are developing use cases around things like smart contracts, cross-border payments and security transactions.