Faster Payments Council

SEPTEMBER 23, 2023

The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal. Participating organizations will share insights gained and how they will implement these standards to catalyze instant payments adoption with a streamlined RFP customer experience.

FPC 88

FPC RFP Federal Reserve Faster Payments 88

PYMNTS

NOVEMBER 1, 2020

Using advanced algorithms and industry best practices, Suplari gleans thousands of data points on suppliers, contracts, purchase orders and budgets into what the release says are “actionable opportunities” for finance professionals.

RFP 85

RFP Best Practices Compliance Finance 85

Fintech Finance

MAY 8, 2024

It highlights the importance of features such as Request for Payment (RfP) and standing approval, providing a robust foundation for seamless and secure transactions in the dynamic landscape of instant payments.

Faster Payments 52

Faster Payments FPC Payments RFP 52

Nanonets

DECEMBER 19, 2023

They enable your company to keep track of vendors and ensure best practices in global supplier management.  See Nanonet’s blog article for the differences in RFQ vs. RFP.  Some smaller purchases only have purchase orders , which turn into contracts after being accepted by both parties. 

Request for Information 52

Request for Information RFP Best Practices Risk Management 52

Nanonets

SEPTEMBER 21, 2023

Request for Proposal (RFP) A request for proposal, or RFP, is a more comprehensive document used when buyers have complex requirements or need solutions that go beyond pricing. RFPs outline the buyer's needs, specifications, and evaluation criteria, allowing vendors to propose detailed solutions or approaches.

Best Practices 52

Best Practices RFP Request for Information Process 52

Faster Payments Council

JULY 21, 2020

In addition to presenting the benefits and drawbacks of the two models, the paper explores how Request for Payment (RfP) messaging could bring the best of both models together to help drive broader industry adoption, and ultimately transform the bill pay experience.

Faster Payments 68

Faster Payments FPC Research Consumer 68

Nanonets

FEBRUARY 15, 2024

Documentation: Based on responses to the RFI, the team shortlists suppliers and sends out Requests for Proposal (RFP) to obtain detailed bids, including pricing, delivery timelines, and maintenance services. RFP Issuance: Action: Detailed RFPs are sent to the remaining 8 suppliers.

Finance 52

Finance RFP Agreements Automation 52