article thumbnail

Fed Becomes Founding Sponsor Of Faster Payments Council

PYMNTS

Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. The goal of the FPC and its members is to expedite faster payments in the U.S. so people can make secure payments anytime or anyplace, with near-real-time funds availability. payment system is improved.

article thumbnail

Building Resilience with Faster Payments

Faster Payments Council

Funds and details can be cleared and settled in real-time or near real-time allowing consumer account details and information to be updated just as fast. Faster payments can provide the means to address and solve for the struggles that arise when consumers don't have the most accurate view of their finances.