Request for Pay: Opportunities Await, but It’s a Long Road to Mainstream Adoption
- Date:October 14, 2021
- Author(s):
- Sarah Grotta
- Research Topic(s):
- Commercial & Enterprise
- Debit
- PAID CONTENT
Overview
The U.S. payments market is beginning to see the launch of Request-for-Pay (RfP) products using the messaging system developed by The Clearing House and tied to the RTP network. RfP solutions currently being deployed have limited audiences, but the potential to expand is promising and a host of viable use cases are being identified.
In this Viewpoint, Mercator highlights the views of several industry experts who have a front-row seat to the advancement of RfP.
Book a Meeting with the Author
Related content
Instant, Faster and Same Day Payments: Where Speed is Grabbing Share
Ten years after the Federal Reserve set the U.S. faster-payments agenda in motion, the market is beginning to show what fit-for-purpose adoption looks like in practice. This report...
One Year On: Tariff Impacts on U.S. Imports and What They Mean for Treasury and Payments
The 2025 tariff regime triggered sharp, policy driven shifts in U.S. import patterns, with tariffs reliably pushing trade away from high duty lanes and toward lower duty or exempte...
Faster Funds by Fiat: A Global Comparison of Payment Timing Regulations
Governments want big businesses to pay suppliers faster, and they are using legislation to influence payment timing, with varying degrees of success. This report categorizes the ma...
Make informed decisions in a digital financial world