U.S. Faster Payments Forecast, 2021: The Consequences of Faster Payments - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 23, 2018--The “U.S. Faster Payments Forecast, 2017-2021, Update: The Consequences of Faster Payments” report has been added to ResearchAndMarkets.com’s offering.
This new research report discusses the impact of this initiative on all participants.
The financial services industry is aligning resources behind the development of faster payment services and beginning to launch products that have a faster payments component. This research projects that faster payments in the U.S. will reach $255 billion by year end 2018 considering business-to-business, business-to-consumer, consumer-to-business, and person-to-person channels and all currently available faster payment types including same day ACH.
The launch of new solutions and the growth of faster payments in the United States compelled an update to our report earlier their year forecasting the trajectory of faster payments, comments the author of the report. This documents will be a touchstone for upcoming reports on adjacent topics including fraud mitigation in the era of faster payment and the role of cryptocurrencies.
Report HighlightsReview of concepts and definitions that are critical to the understanding faster payments and real-time payments Review of current faster payment platforms in the U.S., how they operate, and current transaction volumes. Analysis of impact of faster payment’s evolution on payment industry stakeholders. An update to Mercator Advisory Group’s faster payments projections
One of the most anticipated new payment capabilities in the United States has to be the promise of new faster and real-time payment networks, systems that will be all new from point of entry to final settlement. They will be built on new, modern, flexible technology to better support the development of new products as the U.S. financial institutions inch toward a more open banking system.
In light of the considerable resources now dedicated to faster payments, research report takes a look at the work in progress and seeks to provide comprehension of the terms used to describe faster payments, the important concepts driving its development, and the current faster payments platforms in use, including how they operate, processing volumes, and use cases where these platforms are gaining traction. An updated forecast of faster payments volume is provided to reflect the most up-to-date trends. The current benefits and constraints that need resolution are identified, the objectives and roles of the market participants are outlined, and where resources will be devoted next to move the evolution of faster payments forward is predicted.
Key Topics Covered:
Faster Payments Concepts
Social Tokens or Aliases
Request for Payment
The Current US Platforms: An Update
Same Day ACH
Zelle (Early Warning Systems)
Push-to-Card Payments; Mastercard Send and Visa Direct
The Clearing House RTP
Value and Constraints of Faster Payments
Impact on US Payment Market Participants
Technology Integrators, and Software Developers
Financial Institutions and Fintechs
Faster Payments Projections
Conclusions: Evolving Faster Payments
Companies MentionedEarly Warning Systems Faster Payments Scheme Ltd. Mastercard NACHA The Clearinghouse Visa Vocalink
For more information about this report visit https://www.researchandmarkets.com/research/6dfzlm/u_s_faster?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005221/en/
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Related Topics:Mobile and Contactless Payments
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/23/2018 12:04 PM/DISC: 11/23/2018 12:04 PM