Powering the Instant Payments Revolution: The Demand for Speed, 24/7 Accessibility and Optimized Cash Flow Management

The session will explore and probe the growing desire by consumers and businesses to have access to send/receive instant payments capabilities—affording them more convenience, greater control over cash flow, and faster access to funds—the monetization opportunities for the range of instant payment providers, the risks around fraud, and the compliance and technical hurdles that have to be overcome.

Among the things to be discussed:

• Payment always follows something, what are the 'killer-apps' that will accelerate usage for instant payments among consumers, recurring billers, retailers and other stakeholders?
• How do FedNow, RTP and other instant payment schemes change the business model  for expedited direct bill payments, Pay-By-Bank decoupled debit, Account-to-Account transfers (A2A), Business-to-Business invoices (B2B), Peer-to-Peer (P2P), same-day payroll and new greenfield applications?
• Why send/receive capabilities for instant payments are important for banks, retailers, recurring billers, fintechs and disrupting new entrants in the value chain?
• What will jumpstart the slow adoption of Request for Payment (RfP) and why?
• How to mitigate the heightened risk of fraud with instant payments.
• How FedNow, RTP and other novel instant payment approaches are creating opportunities for retailers, subscription and recurring billers to bypass card networks, reduce interchange fees and reshape payment ecosystems with Pay-By-Bank and Electronic Invoice Presentment & Payment (EIPP).
• What role recurring billers and retailers' advocacy will play in driving consumer and business adoption of instant payments at the edge of the network, particularly for Gen Z, Millennials, small businesses and disrupting fintechs prioritizing real-time cash flow solutions.