[…] As reported by PYMNTS just this week, in a panel discussion on what FIs and their customers can expect when FedNow debuts, Federal Reserve SVP, Head of Payments Industry Relations Connie Theien said the offering will span end-to-end instant payment clearing and settlement, along with features that will help participants with reporting and liquidity management, risk management and fraud management. Fed has opened the window, stretching into mid-June, for the formal certification of participants. The processors and financial institutions that aim to go live on day one are working through testing requirements and validation exercises. […]