Faster Payments: State of the Nation, 2017
Momentum in the faster payments realm presents both challenges and opportunities.
Boston, August 17, 2017 – Many financial institutions, along with their clients and vendors, are working hard to take advantage of faster payment opportunities. The U.S. has decided initially to let the market forces move the FIs toward a ubiquitous network supporting real-time payments. How will innovations around RTP help differentiate the banks and vendors in the space, and how will small businesses and corporations be impacted?
This report discusses how activity from the Federal Reserve, along with activity from TCH and many other payments stakeholders, will dramatically change the way we pay. It is based on interviews with leading payments experts, most of whom are involved directly with the Federal Reserve’s faster payments and/or secure payments task forces, NACHA, and TCH.
This 23-page Impact Report contains three figures and three tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.