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B2B Payments Remains Without A Clear Picture Of Faster Payments’ Impact

PYMNTS

Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S. They’re just a few of the latest developments covered in the Faster Payments Tracker, and there are clear implications for peer-to-peer (P2P) and consumer-to-business (C2B) transactions.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light.

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TRENDING: Inside Hong Kong’s New Faster Payment System

PYMNTS

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. Such was the case in Hong Kong, where the existing RTGS system was only serving high-value interbank transactions, leaving peer-to-peer (P2P) and consumer-to-business (C2B) payments to languish.

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Does Everyone Win With Faster Payments?

PYMNTS

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. That’s revolutionary,” he said. DOWNLOAD THE TRACKER NOW.