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U.S. Faster Payments Council Shares Results from 2025 Faster Payments Barometer

Fintech Finance

However, challenges such as interoperability and fraud must be addressed to fully unlock the potential of faster payments. Overcoming cost and interoperability hurdles through innovative solutions will be key to sustaining this momentum and delivering on the promise of faster payments.

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FPC Draws Member Input with Town Halls on FedNowSM

Faster Payments Council

Kirstin spoke openly with our membership, addressing questions coming in from our members on topics such as ubiquity, interoperability, and industry collaboration. We were thrilled to have upwards of 100 of our members on the line to hear directly from Kirstin Wells, principal economist at the Federal Reserve Board.

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The Clearing House On The Race for Real-Time Payments In The US

PYMNTS

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. This pilot program uses routed requests for payment using a Zelle social alias or traditional account information to make bill payments sent, settled, posted and confirmed in real time.

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Real-Time Payments Go Beyond The Need For Speed

PYMNTS

Billings noted that corporate clients are also interested in the data that real-time payments can provide across a multitude of payment types, spanning requests for payments, remittances and other transactions. The “now,” according to the panelists, demands interoperability between rails, which is an eventuality.

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Citizens Bank’s Corporate Real-Time Payments Play

PYMNTS

The rail was built on the ISO 20022 messaging standard, which sends data and payments together. The ability to send a request for payment via RTP can help smooth reconciliation, he noted. . Leveraging requests for payment could really help in those situations.” .

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U.S. Faster Payments Council Releases Consumer Bill Pay Research White Paper

Faster Payments Council

The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank.

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U.S. Faster Payments Council Unveils Comprehensive Report on Instant Recurring Payments

Fintech Finance

Spearheaded by the FPC Real-Time Recurring Work Group (RTRWG), sponsored by BNY Mellon , the new report delves into key components essential for the successful deployment of instant recurring payments. For those reasons, the FPC urges all system participants to adopt the recommendations in this report.”