REGULATION · US
US FPC urges clear dispute rules for instant payments trust
The U.S. Faster Payments Council (FPC) emphasizes that clear and consistent dispute resolution processes are vital for building trust and fostering growth in instant payment systems, particularly regarding fraud.
WHY IT MATTERS
Financial institutions must adapt fraud detection and dispute resolution systems to handle the speed and finality of instant payments, crucial for consumer confidence and regulatory compliance.
Source: PYMNTS · 2026-05-15