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U.S. Faster Payments Council Releases Consumer Bill Pay Research White Paper

Faster Payments Council

The bank bill pay model where the consumer interacts with its online/mobile banking platform to request a payment be sent to the biller's bank. payment system. By design, the FPC encourages a diverse range of perspectives and is open to all stakeholders in the U.S.

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What Is FedNow & How Can Businesses Prepare for It?

Seon

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. an employer paying an employee their wages) uses an app provided by their credit union to request the desired payment.

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