Businesses Expect Instant Payments: Fed Research


A growing proportion of US businesses expect faster payments in the coming years – and will choose their bank accordingly, according to research from the Federal Reserve.

Approximately three quarters of the 2,010 business representatives surveyed said it was “important to offer faster payments”, the Fed reported.

In addition, approximately 90% of companies reported that they expected to be able to “initiate and receive” faster payments within three years – including instant payments.

Leave a reply

Please enter your comment!
Please enter your name here