NACHA's Payments Innovation Alliance Releases Faster Payments Primer for Financial Institutions
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HERNDON, Va. (PRWEB) March 20, 2019 Today, NACHA and its Payments Innovation Alliance released Faster Payments 101, an educational primer designed to impart foundational understanding of faster payments and the momentum behind its adoption in the U.S.Faster Payments 101 is an updated version of the Introduction to Faster Payments in the U.S., an industry resource developed by NACHA and its Regional Payments Association member organizations in 2017. The Alliance's Faster Payments Playbook Project Team has enhanced the tool as part of its broader effort of developing actionable tools to help advance faster payments in the U.S. market.New to this primer, which is available for download, is a working definition of faster payments. The term is broadly used in the industry to indicate increased speed, convenience, and accessibility. Other enhanced content includes: A timeline that details major payment milestones An illustration of the transaction flow of faster payments A snapshot of f
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