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Developed in partnership with Glenbrook, this research white paper takes a close look at the two main models that serve the consumer bill pay industry today: biller direct model and bank bill pay model.
Faster Payments Council (FPC), in partnership with Glenbrook, today released the research white paper, "Faster Payments and the Potential to Transform Consumer Bill Pay." Given these findings, the FPC and Glenbrook positioned bill pay as the subject for a second round of qualitative research.
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. Through collaboration and research, our work group prioritized user-friendly features, flexible management options, and security measures.
Payment solution providers are now also getting in on the real-time game and supporting a growing list of RTP use cases that use the network for rapid transaction speeds. . RTP in the Bill Payments Realm.
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