FedNow

Five Months in, FedNow Is ‘Doing What It Was Planned to Do’

Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
Five Months in, FedNow Is ‘Doing What It Was Planned to Do’
December 01, 2023  |  Faster Payments

Five months since the FedNow® Service launched, Miriam Sheril, head of product, U.S. at Form3, told PYMNTS, there are some encouraging signs. Get the Full...

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40% of Firms See Security, Not Just Speed, as Real-Time Payments Plus
40% of Firms See Security, Not Just Speed, as Real-Time Payments Plus
November 22, 2023  |  Real-Time Payments

The demand for real-time payments is soaring, with The Clearing House’s RTP® network, the flagship real-time payment system in the United States, now serving 65%...

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Fed to Raise Payment Services Prices 1.8%, but FedNow Unaffected
Fed to Raise Payment Services Prices 1.8%, but FedNow Unaffected
November 17, 2023  |  Payment Methods

The Federal Reserve Board has announced price changes for 2024 that will raise the price for established, mature services by an average of 1.8%. Get...

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FedNow Service Gets New Leadership at Federal Reserve Bank of Boston
FedNow Service Gets New Leadership at Federal Reserve Bank of Boston
November 15, 2023  |  Personnel

The Federal Reserve Bank of Boston has announced the promotions of two FedNow® Service executives to senior leadership positions within the organization. Get the Full Story Complete the form to...

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US Real-Time Payments Transactions Expected to Quadruple by 2027
US Real-Time Payments Transactions Expected to Quadruple by 2027
November 07, 2023  |  Real-Time Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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J.P. Morgan Payments: ‘Network-Agnostic’ Approach Helps Bring Real-Time Payments to the Masses
J.P. Morgan Payments: ‘Network-Agnostic’ Approach Helps Bring Real-Time Payments to the Masses
October 26, 2023  |  Real-Time Payments

Three months ago, the FedNow® Service launched to much fanfare, heralding the second real-time payments network now live and fully operational in the United States....

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Two Tiers of Payments Innovation Will Shape Industry’s Future
Two Tiers of Payments Innovation Will Shape Industry’s Future
October 24, 2023  |  Payments Innovation

The innovations shaping the payments industry are moving in real time. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Instant Payments Force Banks to Examine Limitations of ‘Creaky’ Legacy Systems
Instant Payments Force Banks to Examine Limitations of ‘Creaky’ Legacy Systems
October 23, 2023  |  Real-Time Payments

The July launch of the FedNow® Service — and the fact that The Clearing House’s RTP® network has been operational for six years — underscores...

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Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Get the Full Story Complete...

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