Instant, Faster and Same Day Payments: Where Speed is Grabbing Share

This report examines how the U.S. faster-payments market is evolving into a more defined multi-rail environment, ten years after the Federal Reserve’s 2015 paper called for market-driven, fit-for-purpose solutions. It explains how different faster-payment options are beginning to serve different needs across the market, with adoption shaped by transaction size, controls, information, operating windows, and workflow fit as much as by settlement speed. 

Readers will gain a clearer view of where momentum is building, what is driving growth in business payments, and how the roles of different faster-payment types are becoming more distinct. For banks, networks, processors, fintechs, and corporate-payments providers, the report offers a more grounded basis for product strategy, client messaging, and investment decisions as faster payments take on a larger role in the U.S. payments system.

Key questions discussed in this Commercial & Enterprise Payments report: 

• How is the U.S. faster-payments market sorting into more distinct rail-level roles?
• What is driving recent growth in faster payments, especially in business-payment use cases?
• How are speed, controls, information, and workflow fit shaping adoption across different types of faster payments?
• What do recent market developments imply for product strategy, investment priorities, and client positioning across the payments ecosystem? 

Companies Mentioned: 

ACI Worldwide, American Express, Bank of America, BNY, Capital One, Citi, Corpay, Emburse, Fedpay, FIS, Fiserv, Mastercard, NACHA, Orum, PNC Bank, The Clearing House, U.S. Bank, Venmo, Visa, Wells Fargo, Zelle