DUBLIN–(BUSINESS WIRE)–The “U.S. Faster Payments Forecast, 2019-2024: Building the Foundation” report has been added to ResearchAndMarkets.com’s offering.
This research report discusses the latest developments in U.S. faster payments and the implications of the Federal Reserve’s announcement that it will develop and operate a real-time network.
Highlights of the report include:
- Commentary on what is known about the Federal Reserve’s FedNow solution, what is still being determined, and how the Fed’s entry may impact the payments market.
- Review of current faster payment platforms in the United States, how they operate, and their most recent product updates.
- An update to the analysts faster payments projections.
- Summary of select real-time payment platforms in other countries.
2019 saw the launch of creative new products using a faster or real-time payment network, serving specific use cases that are benefiting corporations, small businesses, and consumers through improved data, messaging and faster access to funds. The Federal Reserve’s announcement in August 2019 that it will develop and operate FedNow, a real-time network, alongside the private sector solutions has shaken the industry even as the specifics of FedNow are yet to be finalized.
FedNow is anticipated to closely mirror the features and functionality of the solution launched in 2017 by The Clearing House. Interoperability between the two solutions is critical to achieving access for all and avoiding a two-tier payments environment. New legislation regarding faster payments has been introduced which may influence FedNow, but while Washington D.C. ponders the U.S. payments infrastructure, early-to-market products are gaining new customers and transactions.
Key Topics Covered
Executive Summary
Introduction
What the Fed’s Real-Time Payments Announcement Means
- The Immediate Impact of FedNow
- Reasons for the Fed’s Decision
- What We Know About FedNow
- Still Outstanding
- The Reaction in Washington
Review of Current Faster Payment Platforms
- Same Day ACH
- Debit Network Push Payments
- The Clearing House RTP Platform
- Early Warning’s Zelle Network
- Real-Time Settlement for Zelle Transactions
Forecast for U.S. Faster Payments
A Glance at the Global Faster Payments Market
- Canada
- China
- European Union
- India
- United Kingdom
Conclusions
Companies Mentioned
- Early Warning Systems
- Earthport
- Federal Reserve
- Finix
- FIS
- Fiserv
- Ingo Money
- Jack Henry
- Mastercard
- NACHA
- PayFi
- PayPal
- Square
- The Clearing House (TCH)
- Transfast
- Visa
For more information about this report visit https://www.researchandmarkets.com/r/60mjgq
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