Considerations for Receiving Instant Payments
The Faster Payments Council recently published a new industry resource, Operational Considerations for Receiving Instant Payments, that provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.
As instant payments continue to transform the payments ecosystem, financial institutions face unique challenges in adapting their systems and processes to this new real-time paradigm. The comprehensive guideline dives deep into the practical considerations FIs must address to successfully implement instant payments, from liquidity management to fraud mitigation, business continuity, and staffing requirements.
Click Read More below to access the document.
422
| Topic | |
| Delivery Type | - Articles / Editorial
- Partner / Industry Resources
|
| Role | - Back Office Operations
- Compliance, Risk Incident Management
- Executive Leader
- Frontline Operations
- Payments Support
- Strategist / Thought Leader
|
| Organization Type | - Challenger / Neo Bank
- Financial Institution
- Software & Service Provider / FinTech
|
| Knowledge Level | - Advanced
- Beginner
- Intermediate
|
| News Details Button URL | http://www.fasterpaymentscouncil.org/userfiles/2080/files/OCWG_Operational%20Considerations%20for%20Receiving%20Instant%20Payments%20Guideline_09-12-2024%20Final.pdf |