08/05/2025

Payments Hot Tip: Plan Your Instant Payments Path

As financial institutions (FIs) explore their options with instant payments, there are a lot of decisions at play, including how RTP and FedNow fit into the FI's larger business strategy.

This month, our very own David P. is coming in hot with advice on planning for a future of instant payments:

"Instant payments are not going anywhere. The question is, ‘When do you want to join?’

Strategy is really important. Particularly as you look at send capabilities, you have to plan. Do research and talk to your peers. Find out what they like and dislike about each solution. Once implemented, plan for odd eventualities and determine if you need to lower thresholds to manage risk more effectively.

Also make sure you have really good communication with your instant payments provider, so you immediately learn of any developments that warrant your attention.”

For more information to help prepare you for the future of instant payments, join our August 11 SFE Member Complimentary Workshop, “Instant and Faster Payments: RTP® & FedNow®.” Taking place in Ridgeland, Mississippi, from 1PM– 4PM CST, speakers from Federal Reserve Financial Services, The Clearing House, and Alacriti will provide clear, actionable insights and work through business use cases for those in attendance to confidently navigate FedNow, RTP, and the future of faster payments. 

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