Everyone has been expecting movement on “real-time” or faster payments to pick this year. That the Fed only recently outlined its perspective is positive, but it is very early to get a read on what will happen next,
Boston, MA (PRWEB) March 03, 2015
As expected, 2015 is the year when faster payments in the United States (a.k.a. “real-time payments”) may get the kick start needed to move from an idea to a reality. With the recent release of the Federal Reserve’s position paper and the ongoing development of proprietary solutions in market, momentum appears to be building.
Mercator Advisory Group's newest research note, Faster Payments: Developments and Challenges for U.S. Commercial Payments, examines the recent developments to advance faster payments in the United States, some of the key stakeholders, and challenges to progress that exist.
"Everyone has been expecting movement on “real-time” or faster payments to pick this year. That the Fed only recently outlined its perspective is positive, but it is very early to get a read on what will happen next,” comments Richard Hall, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the note. “There are significant opportunities to remove friction from the current system, but there are also critical items such as leadership structure and mandates that are unclear, making the market feel a little like the Wild West.”
Highlights of the research note include:
- Recent developments from the Federal Reserve, NACHA, and the Remittance Coalition
- Providers that have developed proprietary faster payment solutions
- Challenges to the proposed timelines and structure for U.S. faster payments
The note is 10 pages long and contains 3 exhibits.
Organizations mentioned in this research note include ACI, clearXchange, Dwolla, FIS, Fiserv, NACHA, the Remittance Coalition, and TCH.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service have access to this note as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.
Please visit us online at http://www.mercatoradvisorygroup.com.
For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700
About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.