Faster Payments 101

Faster Payments 101 is a necessary precursor to the Faster Payments Playbook, currently under development by the Alliance, which will assist organizations – both financial institutions and business end users – in determining which solutions may be best for them and/or their customers and how best to develop a faster payments strategy.

While the Playbook is a deeper dive into faster payments, this introductory tool is not just a primer, but it is also a call to action. While there is no mandate to adopt a faster payments strategy, now is the time for organizations to put aside any lingering anxiety about faster payments so they can better plan for the future. Becoming fully informed about the faster payments landscape will help organizations to make decisions about potential investments in offerings that improve the customer experience. Having their own strategies also will help organizations more proactively support the faster payments needs of their business clients as well.