Faster Payments Council

SEPTEMBER 23, 2023

This in-person event will take place on September 26-27, 2023, at the Hyatt Centric Beale Street Memphis in Memphis, TN. We will explore the launch of FedNow and the intricacies of operating with multiple instant networks.

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Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The FedNow Service will begin operating in July 2023 and it is the first U.S. This tool is like a financial traffic controller.

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Clearly Payments

MARCH 18, 2024

Overall, 84% of adults in North America had a credit card in 2023. billion in 2023, representing an annual growth rate of 2.79% from 1.1 According to the Federal Reserve, credit card debt in the US soared to $905 billion in the fourth quarter of 2023, surpassing pre-pandemic levels. billion in 2018.

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Faster Payments Council

AUGUST 23, 2024

However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption. Strategic shifts are required to unlock the full potential.

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Tearsheet

DECEMBER 1, 2023

2023 has been a wild ride for financial services. With the year coming to an end, it’s a fitting moment to revisit the trends that made waves in the payments space in 2023. In recent years we’ve really seen this concept take off in more countries, for example, PIX in Brazil and most recently, FedNow in the US.

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PYMNTS

AUGUST 21, 2020

Anywhere where you have a cash transaction can be a possible use case,” Cunha told Webster, noting that such a wide net can help foster financial inclusion for the banked and unbanked populations. Conceivably, a CBDC may be interchangeable enough to port onto any number of other platforms, including FedNow, he said.

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The Fintech Times

MAY 1, 2024

billion real-time payments transactions recorded in 2023. It also identifies how lawmakers and central banks are pushing for adoption, determined to reap the economic benefits of real-time payments and drive financial inclusion for their citizens. This represents a 2023-2028 compound annual growth rate (CAGR) of 16.7

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