Request for Payment (RFP) is a financial messaging scheme built on the rails of real-time payments that enables billers to initiate real-time payments from bill payees with the click of a button. As we approach 2025, RFP is set to become a major feature across the RTP® network and FedNow® Service. But what does RFP look like today, and how will it shape the future of payments?
Join us on December 10 at 2:00 PM ET for a CUTimes-hosted webinar featuring Stuart Bain, SVP of Product Management at Alacriti, and Mark Majeske, SVP of Faster Payments at Alacriti, a member of the Faster Payments Council Board Advisory Group, and Chair of their Cross-Border Payments Work Group. Together, they will explore the evolution of RFP and how it’s already being used in different forms.
Key learnings include:
- Current use of RFP and RFP-like solutions such as Pay By Text and CSR Bill Notifications.
- How services like Zelle, PayPal, and Venmo are already training members to receive and approve payment requests.
- Key 2025 trends to watch, including account funding as a primary use case for future RFP via instant payments networks.
- Additional potential use cases and how RFP can extend beyond account funding to optimize member experiences.
Don’t miss this chance to learn how credit unions can leverage RFP to stay competitive and meet evolving member expectations in the payments space.
