In recent years, the global financial landscape has witnessed a significant rise in real-time payments, a payment method that, among other things, allows for immediate...
One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed. Faster payments tend to translate into greater...
Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow...
The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a...
Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Connie Theien,...
The Federal Reserve has started onboarding the first participants to the FedNow Service pilot program, beginning the instant payment service’s initial testing phase, according to...
Real time is getting ever closer to prime time. But it might not be the Federal Reserve’s doing. You’d be forgiven for thinking that faster...
Not everyone favors the Federal Reserve Board’s launch of its settlement service designed to eliminate the three-day check clearing and support instant payments in the...
The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service, and needs volunteers to support it, the...