See Full Research Library
Join Mailing List
New faster payments solutions being launched at a rapid pace in the U.S.
Mercator Advisory Group releases a new research report on faster payments solutions in the U.S. with forecasts of market volumes by segment to 2021.
Author: Sarah Grotta Published on: February 13, 2018
Mercator Advisory Group’s new research report, Faster Payments: U.S. Forecast, 2017–2021, discusses progress to date in the United States on the faster payments initiative. Mercator offers its projections through 2021 of the dollar volumes for person-to-person (P2P), business-to-business (B2B), business-to-consumer (B2C), and consumer-to-business (C2B) transactions, stating that adoption will depend on the value that faster payments provides the counterparties, the comparative price of a faster payment option, and the number of competing options available in the market. The report discusses four leading faster payments solutions with compelling use cases: Zelle, Mastercard Send and Visa Direct push payments, The Clearing House RTP product, and same day ACH.
“Without a regulatory mandate requiring uniform adoption of a single platform for faster payments, the U.S. market is developing several solutions to move payments quickly. At this early stage of faster payments development, we have seen creative development for specific markets and use cases. This approach is fostering a competitive market with multiple options, but for financial institutions, processors, and other participants, it will be difficult to know when, how, and with which services to jump into the faster payments fray,” comments Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group, and author of the report.This report has 16 pages and 4 exhibits.Companies mentioned in this report include: Bank of New York, Early Warning, Google, Mastercard, PayPal, The Clearing House, U.S. Bank, and Visa.
(Click to Enlarge)
Highlights of the report include:
Commercial & Enterprise Payments
Debit & Alternative Products
North American PaymentsInsights
Small Business PaymentsInsights
Fraud Experience PaymentsInsights
News & Events
@2022 Escalent and/or its affiliates. All Rights Reserved