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Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released a new Faster Payments Interoperability white paper developed by the FPC Network Committee. Our Network Committee includes experts from U.S.
Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released the research report, Why Interoperability is Important to Faster Payments. Interoperability has been a recurring theme across the FPC's work efforts and a hot topic within the industry at large in recent years," said FPC Executive Director Reed Luhtanen.
. “I have great confidence in Carl’s ability to lead the FPC into the future to achieve our vision of a seamless payments system, where anyone can pay anyone else anytime with immediate fundsavailability.
Collaboration with Glenbrook Partners Uncovers Key Industry Views on Faster Payments Advancements; Need for Ubiquity, Interoperability, Strong Dispute Resolution The U.S. Industry Support for Interoperability Survey respondents were asked how important it is to achieve interoperability across compatible faster payments systems in the U.S.
The 2021 Faster Payments Barometer was broadly circulated to the industry at large and received responses from a wide range of payments stakeholder segments including financial institutions, core processors, payment network operators, business endusers, acquirers, fintechs, and more. The survey was conducted last Fall. payment system.
The Real-Time Recurring Work Group will promote the development and adoption of real-time recurring payment solutions to be used by business endusers and financial institutions. But faster is not always better, so we need to get strong consumer protections in place to prevent fraud, loss, and abusive practices." payment system.
Because we’ve all seen what happens when we let the shiny new toy syndrome (aka what’s best for the innovator and not the enduser) drive innovation. Prepaid is another product category that sounded good to innovators but perhaps less compelling, at least so far, to the intended enduser. Take checkout. Here in the U.S.,
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