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SWIFT Signals Further Openness To Blockchain?

PYMNTS

The year] 2019 is about Request For Payment (RFP). By way of background, as Forbes noted: In RFP, a biller can send an electronic request for payment. A customer can respond to that request through the use of mobile phone or laptop and make the payment as a credit push, according to Ramsey.

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FPC 2023 Fall Member Meeting

Faster Payments Council

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. The RFP Customer Experience Work Group selected consumer-to-business bill pay as an initial use case, producing industry standards focused on this goal.

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