Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Real-time Payments to be Available to 90% of US Banks by 2022
* Required Fields
Pay by invoice
There have been minimal changes in US payment infrastructure since the rollout of automated clearing house (ACH) in the 1960s and 1970s. For decades, the banks and financial institutions (FIs) in the United States have avoided “fixing what is not broken”, and the financial services industry has been lagging in digital transformation compared to other major industry verticals. However, this trend is set to change. An entire range of market forces have made it essential for FIs to invest in advanced technology platforms to deliver innovative value-added services through digital and mobile channels in the country, thus staying relevant in what is rapidly shaping up to be an open financial services environment in the United States.Real-time payments (RTP) have emerged as a strategic imperative to enable next-generation digital payments globally. RTP schemes have captured a share of payments previously managed through the established rails and have also proven to drive net new transactions by supporting new payment parties and facilitating machine-driven micro-transactions.The US faster payments market will be served through multiple schemes and networks. Factors such as service availability and coverage, the service delivery experience, security and regulatory compliance, and cost for customers, financial institutions and financial intermediaries will determine which faster payment services emerge as the preferred option for money movement. Bank-owned providers will have to allay privacy and security concerns related to data sharing particularly when competitors use the faster payment networks for money transfers. Faster payments are also essential for banks to help compete against the faster solution providers, which have captured a significant share of the P2P money transfer space already.Frost & Sullivan believes that faster payments will become “table stakes” in the North American markets and will be an important value-added feature essential to achieve the benefits of cost savings, improve customer satisfaction and enable enhanced digital experiences for consumers and businesses. This Frost & Sullivan market insight presents an overview of the faster payments markets in the United States. Specifically, it lists the key market trends driving the adoption of faster payments in the country and highlights key initiatives driving faster payment solutions.Author: Vikrant Gandhi
5G Industry Insight—Verizon’s Top Strategic Initiatives on the Path to 5G
Growth Opportunities in the Internet of Things–enabled Supply Chain Management Market, Forecast to 2024
Transformation of European Telecommunications, 2019
North American Mobile Trackers, Q4 2018
Network Technologies in the Global IoT Market, 2018
IoT Cybersecurity Analysis—Blockchain-enabled IoT Cybersecurity Market, 2018
Q3 2018 North American Mobile Trackers
Chinese Mobile Payments Services Market, Forecast to 2023
Smart Mining Opportunities in Sub-Saharan Africa, 2018
Q2 2018 North American Mobile Trackers
thermal spray coatings market
health supplement market
well intervention market
nutritional supplement market
electric vehicle market analysis
biometric authentication market
composite materials market
smart home market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.