The U.S. Path to Faster Payments

The vision for creating a faster payments system in the U.S. was unveiled with the release of The U.S. Path to Faster Payments, Final Report Part Two: A Call to Action. In support of this release, a live online broadcast featured industry leaders from the Faster Payments Task Force discussing the task force’s final report and its 10 recommendations for developing and implementing a faster payments system in the United States.

Building a fast, safe and ubiquitous payments network in the U.S. has and will continue to take unprecedented collaboration from every sector of the payments industry. Let’s keep this impressive momentum going – be a part of this historic effort and show your interest and support. Find out how.

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Browse the Final Report

Meet the Task Force

This report represents the collective thought and effort of 300-plus individuals from all corners of the payments industry. Find out more about their unprecedented collaboration to develop the path to faster payments.

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Payment Landscape

An opportunity exists to create a faster payments system that better meets stakeholder demand. In this section, learn more about the rationale for pursuing faster payments, the payments landscape, and the benefits that a faster payments system can offer.

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Challenges and Opportunities

Achieving a faster payments system means fostering competition in a way that enables innovative solutions to enter the market. Learn about four key issues the task force believes must be addressed collaboratively for success.

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Goals and Recommendations

The task force believes ongoing collaboration is critical to developing a faster payments system in the United States and outlines 10 recommendations intended to address issues and gaps to implementing faster payments.

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Effectiveness Criteria and Solution Proposals

The task force created the Faster Payments Effectiveness Criteria as a guideline for effective solution design. See how 16 visionary proposals sought to address these criteria in their designs for fast, safe, ubiquitous payments in the United States.

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Goals and Recommendations

The task force recommends ongoing collaboration to develop a faster payments system in the United States, with work beginning in three key areas: Governance and Regulation, Infrastructure, and Sustainability and Evolution. Become familiar with the 10 recommendations that constitute The U.S. Path to Faster Payments.

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