It’s full speed ahead for consumers in their use of instant payments, and business are catching up quickly. Check out these statistics from the latest edition of PYMNTS’ Real-Time Payments Tracker®:
- Consumers’ demand is helping to drive adoption by businesses, and that demand keeps growing. Based on a recent survey, approximately 70% of consumers cited enhanced faster payment capabilities as an important satisfaction driver for how they view their financial institutions.
- Among those businesses already engaged with real-time payments, nearly 75% expect to increase the payments they receive in real time during the next year, and 69% say they expect to make more real-time payments.
To that end, we’re here to help you navigate what’s going on in the payments industry these days with the latest education and resources:
FedNow Overview and Update: Live webinar on September 8
Join Federal Reserve executive Dan Gonzales on September 8 to hear the latest research on instant payments demand and learn about FedNow, the Fed’s instant payment service coming in 2023. This service will enable financial institutions and other service providers to offer innovative instant payments solutions that support a broad range of transaction types and use cases for businesses and consumers alike.
Dan Gonzales, Federal Reserve Executive
New Real-Time Payments Forum: In-person event on October 12
Join us for a complimentary, half-day educational Real-Time Payments Forum on Wednesday, October 12, to learn more about the next evolution in payments. Designed to prepare your credit union and bring your team up to speed on immediate payments, the forum will cover a lot of great topics, including applicable use cases that can drive revenue, enhance offerings, and meet consumer expectations.
Updated Real-Time Payments Info Center
We have a brand-new resources page that shows all our real-time payment solutions in one place. Empower your credit union with real-time payments when you:
- Connect to the RTP® network
- Manage cash and settlement 24/7/365
- Send payments for your credit union