Request for Pay: Opportunities Await, but It’s a Long Road to Mainstream Adoption

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.