United States Faster Payments Market Forecasts, 2019-2024: Building the Foundation - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 23, 2019--
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:
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
What the Fed’s Real-Time Payments Announcement Means
Review of Current Faster Payment Platforms
Forecast for U.S. Faster Payments
A Glance at the Global Faster Payments Market
For more information about this report visit https://www.researchandmarkets.com/r/60mjgq
View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005657/en/
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KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES OTHER TECHNOLOGY TECHNOLOGY
SOURCE: Research and Markets
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PUB: 10/23/2019 12:40 PM/DISC: 10/23/2019 12:40 PM