Faster Payments HQ

Faster payments are the future of payments!  Industry stakeholders are working to develop a number of payment rails that allow same-day and instant payments, creating a more efficient and flexible U.S. payments ecosystem.  

Consumers and businesses are using faster and instant payments through apps and services like Zelle, PayPal/Venmo, the ACH Network (Same Day ACH or SDA), The Clearing House’s RTP® Network, Visa Direct, or Mastercard Send. Let’s not forget the Federal Reserve’s FedNowTM Service set to launch in 2023. According to a Federal Reserve study, 9 out of 10 businesses surveyed “expect to be able to initiate and receive faster payments by 2023; many are ready to do so now.” Financial institutions of all sizes need to be knowledgeable in faster payment options, especially real-time payments, to best support their customers and members using these payments.

SDA continues to grow and expand, and more use cases are developing every day. The IRS used Direct Deposit to deliver 373.2 million economic impact payments quickly and securely throughout the pandemic in addition to the monthly Advance Child Tax Credit payments in recent months. SDA is used for fast bill payment, payroll, B2B, P2P, and everyday purchases. Nacha reported an overall 38.6% year-over-year growth as of the end of 2020, and we have only seen SDA use rise in 2021.

Instant or real-time payments allow financial institutions to offer fund transfers and availability within seconds of payment initiation. Giving people and businesses access to their money faster is an easy sell! In a Faster Payments Council article, John Burgos, Vice President – Business Development North America, Mindgate Solutions, advocates for RTP to give banks the ability to better follow and understand their customers’ spending habits, offer new services, gain a new segment of customers, save on operation costs, and optimize physical and virtual resources.

Read our Article:
Instant Payments Gain Momentum as we Drop into 2022


Join our Faster Payments Committee

When it comes to Faster Payments it's a lot harder than downloading an app. There are many unknowns with this new rail, and you are not alone. This committee will discuss use cases, lessons learned, best practices, risks, and helpful resources for financial institutions and businesses. Before we can educate our account holders, we must understand this new rail as well. Macha will bring in speakers and materials to help, making it a great networking opportunity as well.

Sign up today by emailing Let’s get started!


How We're Involved

Mary Gilmeister, AAP, NCP
President & CEO, Macha

Macha President & CEO, Mary Gilmeister, AAP, NCP currently serves on the US Faster Payments Council (FPC) Board Advisory Group.

The FPC is an industry-led membership organization whose vision is a world-class payment system where every person or organization can safely and securely pay anyone, anywhere, at any time, and with near-immediate funds availability.


Faster Payments Videos

To view the entire playlist, click the button in the top right corner.

Nacha Confirms Effective Date of Same Day ACH Expansion | Nacha

Same-Day ACH

Same-Day  ACH is a faster payment option reaching all banks and credit unions in the United States.  It allows for nearly any type of ACH payment to go from initiation to funds being available in a single day.

Learn more

The Clearing House

Real-Time Payments®

The RTP® network from The Clearing House is a real-time payments platform that all federally insured U.S. depository institutions are eligible to use for payments innovation.

Federal Reserve Announces FedNow℠ Pilot Program Participants | Business Wire


The FedNowSM Service is a new instant payment service that the Federal Reserve Banks are developing to enable financial institutions of every size, and in every community across the U.S., to provide safe and efficient instant payment services in real time.

U.S. Faster Payments Council

The U.S. Faster Payments Council (FPC) is an industry-led membership organization whose vision is a world-class payment system where every person or organization can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability.

Learn more