FPC Publishes Study on U.S. Instant Payments Adoption by 2025

U.S. Faster Payments Council Releases Latest State of Play in U.S. Faster Payments Report “The faster payments landscape continues to expand as networks scale, new use cases emerge, and adoption increases across consumer and business markets,” said Reed Luhtanen, FPC Executive Director and CEO. “This updated report equips financial institutions and payment providers with a clear view of today’s network environment and supports the industry’s efforts to advance faster payments in the United States.” https://lnkd.in/ecENH7mB James Colassano Craig Ramsey, AFPP Sohaam Ghaaria Scott Anchin Liz Garner Divelbiss Sanjeeb Kumar Panda, AFPP #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Now this is how you move money — literally and globally. 🌎⚡ Excited to share that Corpay Cross-Border Solutions and Mastercard Move are extending near real-time payments to new markets. This step forward brings even greater efficiency, affordability, and speed to businesses to make near real-time payments to 22 markets across Asia, Europe, the Middle East, Africa and Latin America. A tremendous win for our global Microsoft partners and end users! 🌍💸 👉 Check it out: https://lnkd.in/egMTVgkT #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews #Corpay #MicrosoftDynamics #CrossBorder #GlobalBusiness #CrossBorderPayments

💡 Get ready for a new era of payments! 💡 Less than a week to go – next Thursday, 9 October 2025, SEPA Instant Payments and Verification of Payee (VoP) will transform payments across the euro area. Here’s what’s changing: ➡️ Payments processed in under 10 seconds – 24/7/365 ➡️ The payee’s IBAN and name will be verified, enhancing payment security and reducing fraud ➡️ The EUR 100,000 limit is removed, enabling larger real-time transactions. 🚀 Boost efficiency and transparency Real-time payments combined with real-time data bring new opportunities for businesses. Managing cash flows will be more timely, and predicting liquidity will become simpler. 🔒 Enhance security with Verification of Payee From now on, the payee’s name and IBAN will be cross-checked when making a payment. This reduces the risk of errors and fraud but requires preparation: • Outgoing payments: Check the details of payees stored in your financial and payroll systems, as well as in the District online banking payee list, to ensure they are up to date. • Incoming payments: Make sure the company name you use on invoices matches the account holder name registered with the bank. • New supplier details: Use the payee verification service to confirm the accuracy of new supplier information before making payments. 🔧 Bulk payments remain unchanged – but added security is possible There will be no changes to bulk payments, but customers have the option to benefit from the added security of payee verification in bulk files. District offers a separate service that allows payments to be verified before actual payment processing. 📢 What does this mean for your business? The new regulation improves the speed, security and efficiency of payments. At Danske Bank, we support businesses in this transition and help you find the best ways to take advantage of real-time capabilities for your operations. 📩 Learn more about Instant Payments Regulation and the Verification of Payee on our website: https://lnkd.in/ddHpnHQB https://lnkd.in/dYYyX_df

In an economy teeming with digital expectations and heightened threats, payments have quietly become far more than a checkbox; If your organization treats payment systems as mere infrastructure, you are already behind. The companies winning today are those that view payments as strategic capital flow tools, not just portals to swipe. #paymentsolutions #cardpayments #usbank #elavon

US payments systems mushroom The Clearing House, Nacha and FedNow all marked expansions for their payments systems over the past month. https://buff.ly/39eYtrH #FinTech #FinServ #Banking #Payments #PayTech

🚨 Everyone says “cross-border payments are solved.” But are they? Corpay + Mastercard just announced a major expansion: near real-time payments in 22 more markets. Sounds great—but here’s the challenge: 🔹 Faster isn’t always better if currency risk is ignored. 🔹 Transparency is only valuable if SMEs can actually access it. 🔹 The $250T+ global payments market isn’t just about speed—it’s about trust + control. My take? The winners won’t just be the companies moving money fastest. The winners will be the ones helping businesses hedge risk, track funds, and plan with certainty. 👉 What do you think: are we solving the right problems in cross-border payments—or just chasing speed? https://lnkd.in/diMmfn8T

Cross-border payments remain vexing for consumers, businesses Cost, speed, transparency, legal and regulatory hurdles continue to hamper cross-border payments despite some successful attempts to lift these barriers. https://buff.ly/qNVNL27 #FinTech #FinServ #Banking #Payments #PayTech

Digital Payment Solutions Could Unlock Billions for UK Consumers, Report Finds Riccardo Tordera-Ricchi, Director of Policy at The Payments Association, said: “This research by WPI Economics suggests that payments innovation, across cards, open banking and account-to-account payments, is key to supporting financial inclusion and boosting the economy. We hope that our recommendations are thoroughly considered by HMT before publishing the forthcoming National Financial Inclusion Strategy.” https://lnkd.in/eEcT8QY9 Ian Donegan Ben Agnew Billie Pursey Isabelle Smith Charlie Lane Amy Wait #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Modernizing payments and shifting payees from paper checks to EFT and digital payments takes more than technology-- it requires gaining trust, shifting behaviors, providing access, addressing inequity, and collaborating with partners such as retailers and CDFIs. Check out Guidehouse's perspectives on how to tackle this challenge from myself and my colleague Amit Upadhyay. https://lnkd.in/ez--KrPQ

Small Businesses Are Struggling and SaaS Platforms Are Eyeing Banking Revenue as a Result "New data from Adyen paints a stark picture: rising costs, tightening margins, and sluggish access to capital are pushing small businesses closer to the edge. Many are no longer just managing cash flow, they’re fighting to survive." https://lnkd.in/e5eKBT98 Nicole Neumayr Dan Parris Christina MacDonald Sikand Tasmiyah Chowdhury Tony Jin Davi Strazza Trevor Nies #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews