Where the next wave of faster payments growth is likely to emerge

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DUBLIN, March 8, 2021 / PRNewswire / – The “Predicting Faster Payments in the United States: Volume Starts to Increase” the report was added to ResearchAndMarkets.com from offer.

The pace of adoption of real-time and faster payments accelerated in the United States in 2020, as new research, US Faster Payments Forecast: The Volume Begins to Build, explains.

Solutions like Debit Payments, The Clearing House’s RTP Network, Same Day ACH, and Zelle have all seen strong double-digit or even triple-digit growth in some use cases. The gains were in part due to the unique environment created by the global pandemic that values ​​fast types of digital payments, as well as the simple fact that financial institutions and fintechs have continued to integrate and launch new payment options. for customers and members.

“More and more financial institutions have completed technical integrations with faster, real-time networks, not only generating transactions from their customers and members for these products, but also starting to increase their internal efficiency by leveraging started with the new payment rails for account transfers, supplier or customer payments for loans and credit cards.

Faster, real-time payments came to the rescue during the global pandemic, providing more convenient P2P transactions and opportunities, including same-day settlement for small retailers who appreciated receiving their settlement faster, ”comments Sarah grotta, Director, Debit Advisory Service and Alternative Products.

Highlights of the report include:

  • An overview of the current state of progress of The Clearing House RTP System, Zelle Early Warning Network, Global Debit Network Push Payments and Same Day ACH
  • A forecast of dollar volumes handled for each network
  • Discussion of some of the misconceptions and myths circulating about faster, real-time payments
  • Current use cases where faster payments are successful
  • Where the next wave of faster payments growth is likely to emerge

Main topics covered:

summary

introduction

  • A definition
  • Dispel some myths

Where the market is now developing on the available networks

Network push payments by debit card

Conclusion: three key factors that Will the next wave of growth

The references

  • Related research
  • End Notes

For more information on this report, visit https://www.researchandmarkets.com/r/vwhotn

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