Remove Financial Inclusion Remove Interoperability Remove Irrevocability
article thumbnail

FPC 2022 Fall Member Meeting

Faster Payments Council

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

FPC 88
article thumbnail

The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The Fed’s real-time payments proposal, FIN says, will address these issues with a new, modern and interoperable system.

article thumbnail

Sleepless In Payments

PYMNTS

the financial services industry has worked itself into a lather to move heaven, earth and 13K banks toward a faster payments solution — or should I say solutions — that would allow originating banks to move money to a receiving bank and for that receiving bank to make those funds available to those consumers instantly. Here in the U.S.,