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FPC 2023 Spring Member Meeting

Faster Payments Council

Speakers: Elizabeth McQuerry, Glenbrook Partners; Mike Sklow, Goldman Sachs; Samson Rajan; JP Morgan; Miriam Sheril, Form3 1:30pm-2:10pmCT: Panel Session – Business End-Users Mega Use Cases (City Beautiful Ballroom AB) As more capabilities become available for faster payments, business end users are finding creative ways to use the services.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Card rails are using push payments to close those gaps and support many new use cases for instant money. Both card networks are pushing money over their debit rails and instantly into the bank accounts of consumers and SMBs using their debit card aliases. See First Data and Fiserv. See Visa and Earthport.

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Mastercard: Moving Beyond The Cards With Payment On Delivery, Online Bill Pay

PYMNTS

And when it comes to 24/7 real-time payments, adoption by businesses, and by consumers, will be pushed ahead use case by use case and transferring funds between accounts in minutes or seconds will gain traction. It may make sense that the first use case for Pay on Delivery focuses on alcohol distribution.

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How Interac e-Transfer Won The Ubiquity Game In Canada

PYMNTS

Typically, financial institutions (FIs) are a tougher sell than end users when it comes to new money-moving products. Designed for small business owners, these components can also be useful for landlords collecting rent payments, charity functions, church groups, organized sports and other use cases, said Maoloni.

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Sleepless In Payments

PYMNTS

Because we’ve all seen what happens when we let the shiny new toy syndrome (aka what’s best for the innovator and not the end user) drive innovation. Prepaid is another product category that sounded good to innovators but perhaps less compelling, at least so far, to the intended end user. Take checkout.