FASTER PAYMENTS COUNCIL

What is the state of faster payments in the U.S.?
What are the challenges and opportunities in expanding applicable use cases for faster payments? How important is faster bill pay?

Faster Payments and the Potential to Transform Consumer Bill Pay

Glenbrook Partners and the U.S. Faster Payments Council are pleased to present the first installment of qualitative research on the topic of faster payments in consumer bill pay. Bill payment was rated as one of the top use cases for faster payments in the inaugural 2019 Faster Payments Barometer, and findings from the qualitative interviews echoed a similar sentiment.

Interviews were conducted with payments professionals who currently manage bill pay, are developing faster payments for bill pay, or have deep expertise in these two functional payments environments. Topics probed include bill pay trends, general industry readiness to implement faster payments for consumer bill pay, and the overall ecosystem implications.

This white paper is informed by the findings from these interviews, combined with Glenbrook’s experience and understanding as consultants in the payments industry.

Download the White Paper

U.S. Faster Payments Barometer

Last year Glenbrook and the U.S. Faster Payments Council presented results from the inaugural faster payments survey of over 700 industry professionals.

The results established the foundation for this years’ whitepaper. For more information, download last years’ summary infographic here: Download infographic

Interested in Joining the Faster Payments Council?

The U.S. Faster Payments Council (FPC) is a membership organization established so Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. FPC members use private-sector approaches to address issues that inhibit adoption of faster payments and enable end users to reach each other in ways as seamless and transparent to them as mobile texting.

The FPC provides members with a unique opportunity to influence the future of faster payments through inclusive dialogue and collaborative problem solving, and gives members an edge in navigating the evolving faster payments landscape:

  • Focus on the larger goals of safety, security, and adoption of all faster payments
  • Opportunities to broaden their reach and leverage investments across a much broader base of transactions
  • Safe forums for dialogue governed by strong antitrust guard rails

For more information on joining the FPC, please visit the FPC membership page.