C4P Survey Results: The State of Faster Payments
Available to Members Only
With demand for faster payments from consumers and businesses firmly established, financial institutions (FIs) recognize the need to act, but where do they stand on implementation planning? That's what the Center for Payments decided to find out. In Q1 2023, The Center for Payments, a joint program sponsored by ten payments associations for the purpose of helping members and staff better prepare for the continued evolution in U.S. payment systems, launched a nationwide survey to assess FIs' readiness for and interest in instant payments.
Each payments association met with and gathered input from various segments throughout the United States. Discussing everything from challenges to expectations and opportunities, FIs got granular on what they expect in today's instant payments era. This full report is available exclusively to payments association members.
Find out more about the Center for Payments at centerforpayments.org, or call ePayResources at 1-800-475-0585, Option 1.
Item Number - C4P004