2025 State of Play in U.S. Faster Payments Report


Developed by the FPC Network Committee, the State of Play in U.S. Faster Payments industry report provides a comprehensive update on the market for instant and immediate payments services in the United States, with a focus on the various underlying payment networks. The 2025 edition includes detailed profiles of 10 networks and highlights their features, capabilities, and unique characteristics.

The State of Play report outlines the ways faster payments are being used today, from disbursements and payroll to bill payments and person-to-person transfers. It also examines key elements of network design such as settlement mechanisms, message standards, routing, and fraud mitigation measures. By comparing these features side by side, the report offers a resource for organizations evaluating faster payments solutions.


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