U.S. Faster Payments Council Shares Results from 2025 Faster Payments Barometer

The U.S. Faster Payments Council (FPC), in collaboration with Volante Technologies, today released results from the 2025 Faster Payments Barometer, the latest in its series of comprehensive studies analyzing the adoption, trends, and perceptions surrounding faster payments in the U.S.

The 2025 Faster Payments Barometer, conducted in the fall of 2024, captured insights from over 400 organizations, including financial institutions, businesses, associations, and technology providers. The findings underscore the critical role faster payments play in the U.S. payment system and highlight both the remarkable strides made and the barriers that remain.

“Eighty percent of respondents identified faster payments as a ‘must have,’ with financial institutions leading the charge at 84%,” said FPC Executive Director Reed Luhtanen. “The results reflect growing adoption of the FedNow® Service and RTP® Network and an expanding array of use cases in both consumer and business contexts. However, challenges such as interoperability and fraud must be addressed to fully unlock the potential of faster payments.”

Key Findings from the 2025 Faster Payments Barometer

• Adoption Momentum: Among financial institutions that have implemented instant payments, 58% have opted for a multi-rail strategy by implementing both FedNow and RTP.
• Use Case Expansion: Businesses are most interested in leveraging faster payments for eCommerce (54%), point-of-sale transactions (51%), and invoicing/supplier payments (41%). Meanwhile, financial institutions are prioritizing P2P payments (51%), bill pay (38%), and payroll (38%).
• Challenges Persist: Only 41% of large financial institutions and 28% of businesses believe the United States is making satisfactory progress toward faster payments adoption. Key barriers identified include concerns about rising fraud (reported by 34% of respondents), high implementation costs (60% of financial institutions), and lack of ubiquity and interoperability (affecting 60% of business end users).

“This year’s Barometer demonstrates the industry’s growing embrace of faster payments, and their transformative potential for both consumers and businesses,” said Deepak Gupta, SVP, Global Head of Payments-as-a-Service at Volante. “Overcoming cost and interoperability hurdles through innovative solutions will be key to sustaining this momentum and delivering on the promise of faster payments.”

Addressing the Future of Faster Payments

The 2025 Barometer highlights significant opportunities to address industry concerns, including the availability of value-added services like multifactor authentication and request for payment. With 84% of financial institutions prioritizing multifactor authentication and 80% of non-FI respondents endorsing request for payment, these enhancements are expected to mitigate fraud risks and drive further adoption.

Collaboration across the payments ecosystem will be pivotal to achieving ubiquity and resolving interoperability challenges. The projected growth rates for FedNow (193%), RTP (117%), and Push-to-Card (103%) adoption over the next five years highlight the need for scalable and innovative solutions that can accommodate the needs of organizations of all sizes to deliver on the promise of instant, secure, and seamless payments.

To learn more about the findings of the 2025 Faster Payments Barometer, download the comprehensive report: https://www.volantetech.com/resources/us-faster-payments-barometer-2025/