In 2017, the Federal Reserve’s Faster Payments Task Force set a goal to make faster payments an option for every customer and business transaction by 2020. This might seem like ample time to integrate faster payments, but market forces like high-speed data networks, next-generation digital devices, person-to-person (P2P) apps and other factors are fueling demand even quicker.
FIS implemented and continues to play an important role in faster payments schemes in Singapore, the United Kingdom, and Australia. We’ve identified that while speed will get a financial institution into the faster payments space, it’s not the only component to success.
Download the recently launched FIS Faster Payments Success Guide to learn how to:
- Identify the best entry point for investing in faster payments experiences
- Evaluate options to streamline faster payments solutions and minimize costs
- Use technology and solutions to provide agile and unified real-time payments experiences