With the upcoming launch of the FedNow(SM) Service in 2023, financial institutions and service providers around the country are preparing for the future of instant payments. The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from these organizations working toward early adoption of the FedNow Service.
As the Vice President of Banking Partnerships North America at Trustly, Eric Foust studies how transactions are sent over payment rails to help financial institutions effectively move money between businesses and consumers.
Payments leaders gathered in person and virtually at the annual Chicago Payments Symposium to discuss industry trends, innovations and ways to better serve customers.
Federal Reserve survey reveals that businesses continue to show strong interest in using faster payments for a variety of transactions.
A Federal Reserve survey of over 2,000 consumers found that more than six in 10 plan to use faster payments more in the future.
The Federal Reserve has unveiled a new showcase featuring more than 70 profiles of service providers that support instant payments.
In determining how faster payments, and specifically instant payments may fit into your organization’s payments strategy, consider the Federal Reserve’s ongoing instant payments education series as a resource for the journey.
The annual Chicago Payments Symposium focused on “Activating Next Gen Use Cases,” including global innovations in faster and instant payments, digital currency, new financial technologies and the importance of financial inclusion.
A survey of more than 2,000 businesses offers a look into readiness and interest in faster payments as businesses navigate the COVID-19 environment.
Faster payments, which include instant payments, continue to be a key topic of consideration and curiosity around the world. As progress continues here in the United States, now is the time to brush up on your instant payments knowledge.