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Nacha’s Payments Innovation Alliance and the US Faster Payments Council launch the Faster Payments Playbook

15/11/2019

Nacha and its Payments Innovation Alliance, jointly with the US Faster Payments Council (FPC), have launched the Faster Payments Playbook, an online educational and decisioning platform that will help banks and credit unions develop a faster payments strategy from concept to reality.

The Alliance, which is comprised of a diverse membership of nearly 200 organisations, is playing a role in helping organisations gain clarity on the topic of faster payments.

“Now is the time for financial institutions to become educated about all types of faster payments from Same Day ACH to instant payments” said Jane Larimer, Nacha President and CEO. “Having a faster payments strategy, or at least beginning the process, is critical for financial institutions so they can meet the needs of their customers now and into the future.”

“The Faster Payments Playbook is designed to serve as a resource that can be shared widely across the industry. Our partnership with Nacha directly supports the efforts of the FPC to move the collective industry forward” said Kim Ford, FPC Executive Director.

The Playbook is a resource that will be updated to reflect new developments on the faster payments landscape. You can visit it online here.

Author: Kate Nelson