NACHA & Faster Payments Council developing ‘Faster Payments Playbook’

The first version of this playbook will be for credit unions and other financial institutions.

NACHA’s Payments Innovation Alliance and the U.S. Faster Payments Council (FPC) have launched a partnership to develop an “educational and online decisioning platform” called the Faster Payments Playbook. Its objective is to help credit unions and other payments organizations create their own faster payments strategies by addressing developments in faster payments and identifying opportunities for stakeholders.

The first version will be for credit unions and other financial institutions; a second one will be for businesses and end users, the organizations said.

“The Faster Payments Project Team has been working for almost a year to develop faster payments resources, including the Playbook,” NACHA COO Jane Larimer said. “The group is now looking forward to working with the FPC to leverage the strengths of both groups to better serve the entire industry as it navigates the evolving faster payments landscape.”

 

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