Nacha and its Payments Innovation Alliance has joined forces with the US Faster Payments Council (FPC) to develop the Faster Payments Playbook for aiding the development of a faster payments strategy.

An educational and online decisioning platform, the Playbook will highlight the developments and opportunities in the faster payments space.

FPC acting executive director and interim board chair Kevin Christensen said: “The FPC is about progress—about moving the collective industry forward.

“We see this Playbook as a key step in supporting that vision.”

The Playbook’s initial version will prioritise various types of financial institutions.

These include regional and community banks as well as credit unions.

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Later, the Playbook will develop a version for business end-users.

Nacha COO Jane Larimer said: “The Faster Payments Project Team has been working for almost a year to develop faster payments resources, including the Playbook.

“The group is now looking forward to working with the FPC to leverage the strengths of both groups to better serve the entire industry as it navigates the evolving faster payments landscape.”

Nacha’s Alliance, which aims to offer more insight on faster payments, includes corporates, third-party processors, fintechs and financial institutions.

The aim of FPC is to advance the payments system in the US.

Among FPC members are over 150 financial institutions, payment network operators, technology providers, business end users, and consumer organisations.