Faster payments are poised to reshape the payments industry by offering an array of alternatives to traditional payments. From same-day ACH to digital, open-loop cards, businesses and consumers have many options to move and receive funds faster and more cost-efficiently.
And when the Federal Reserve announced that it would roll out its own real-time payments platform as early as 2023, the momentum of faster payments only grew.
To understand the faster payments landscape, including the benefits and challenges for specific industries, PaymentsJournal sat down with Sean Healey, Head of Issuing Product Management for the Americas at Wirecard.