FedNow, the Faster Payment Network Can’t Come Fast Enough
CUNA, the Credit Union National Association, is urging the Federal Reserve to throw more resources toward speeding up the development ...
Tag: FedNow
Stay updated on FedNow developments and its impact on payments and banking. PaymentsJournal offers expert insights on this instant payment service’s role in the financial industry.
Turn and Face the Strange Changes in the Payments Industry
Ch-ch-ch-ch-changes have been happening in the payments industry since it laid its roots, but 2020 brought on a level of ...
Real-Time Payments: Everything You Need to Know
What are real-time payments? Real-time payments (RTP) are payments that are initiated and settled nearly instantaneously. A real-time payments rail ...
Understanding the Roadmap to Real-Time Payments Modernization
Today, many leading financial institutions are striving toward successfully and efficiently delivering real-time payments across their enterprise. Of course, that’s ...
Finastra Joins the FedNow Pilot Program to Advance Instant Payments in the United States
Lake Mary, FL, US – March 15, 2021 – Finastra announced that it has joined the Federal Reserve’s FedNow Pilot ...
Fed Commits to Roll Out FedNow in 2023
It’s always great when a major project you are working on is progressing well and you are meeting deadlines. The ...
The FedNow Leaps Forward with a Large Pilot Group of Processors and Financial Institutions for Real Time Payments
The Fed, as promised, is beginning to roll out its FedNow Instant Payments network through a pilot program. Yesterday they named ...
Why—and How—Banks Should Be Modernizing Wire Transfers
Across all aspects of the payments industry, legacy payments infrastructure and services are continuously reviewed by financial institutions and corporations ...
The Fed Announced More Details on FedNow. Here’s What You Need to Know.
Although the Federal Reserve made waves last summer when it announced it was developing FedNow, a real-time payment platform to ...
The Distinctions Between Faster Payments and Real-Time Payments
One of the most buzzed about trends in the payments industry is the rise of real-time and faster payment options. ...
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