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Truth about Faster Payments

The need to innovate is central to the success of faster payments. A modern, open payments system provides opportunities to develop creative overlay services on top of the faster payment rails, built along modern open banking standards, ISO messaging and API-based services. Services such as request to pay, account aliases, P2P, payee confirmation and payments at POS enable new use cases we’re hearing about: bill pay, directory services, disbursement, wallet top-up, on-demand payroll, enablement of quicker shipments, merchant settlement, cash concentration, car dealerships, and title companies.

Faster payments innovation, overlay services, open banking, ISO messaging, APIs, request to pay, account aliases, P2P, payee confirmation, directory, emerging use cases.

May 18, 2022 06:00 PM in Eastern Time (US and Canada)