Preparing for Faster Payments: A 2-Minute Survey

We are available to discuss the survey results with you. Your individual responses will remain anonymous.

Question Title

Does your financial institution have plans to participate in “faster payments” networks?

FedNow* instant payment network

The Clearing House RTP® (Real-Time Payments) network

Both networks

Not at this time

Question Title

What is your level of preparedness for RTP®?

We have no plans to participate.

We know it’s important, but we have a lot of questions about the service.

We have resources to support development, but we need to select partners to help enable successful implementation.

We have plans in place and are already in the network or planning to be soon.

Question Title

What is your level of preparedness for FedNow?

We have no plans to participate.

We know it’s important, but we have a lot of questions about the service.

We have resources to support development, but we need to select partners to help enable successful implementation.

We have plans in place and will be ready to launch soon.

Question Title

What is your institution’s timeline for enabling FedNow?

Not participating

Early adopter – in conjunction with Fed timeline

Fast follower – shortly after evaluating initial results

Late adopter – when adoption increases

Question Title

Does your core-processor plan to connect directly to the networks?

Yes

Not sure

Question Title

How will your financial institution connect to faster payment networks?

ACBB/correspondent bank

Core processor

Other source

*The Financial Services logo and “FedNow” are service marks of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available on FRBservices.org.