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.
Federal Reserve survey reveals that businesses continue to show strong interest in using faster payments for a variety of transactions.
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.
With faster payments, and specifically instant payments being hot topics in the United States and around the world, there is no better time than the present to continue learning about this key area for the future of payments.
To support the development, testing and adoption of the FedNow(SM) Service, the Federal Reserve has announced industry participants in the FedNow Pilot Program.
Faster payments, including instant payments, are quickly gaining popularity around the world. And here in the United States, the topic is at the forefront of the payments industry. Now is the time to start learning more about this important and evolving area for the future of payments.
As part of our collaborative efforts with the industry to improve the U.S. payment system, the Federal Reserve will be sharing educational resources to help stakeholders across the payments ecosystem see the possibilities and plan for the implementation of instant payments.
Beginning a new role can be a stressful transition during the best of times. Taking the reins as executive director of the U.S. Faster Payments Council (FPC) in the midst of a global health crisis adds another layer of complication.