Faster payments are no longer a negotiable but a must-have, thanks in part to the pandemic which created consumer expectations for faster everything, and our digital, on-the-go lives. They are defined as payments where the transaction and fund settlement occur in real-time or near real-time – regardless of using a card, a P2P service or ACH – and can also be referred to as real-time or instant payments.* With the Federal Reserve’s introduction of their FedNowSM Service, it’s time to learn more about faster payments.