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Live Oak Bank has enhanced its commercial and small business banking services by partnering with Finzly for its Fedwire solution. Payment and financial solutions provider Finzly announced this week that Live Oak Bank has enhanced its commercial and small business banking services by implementing Finzly’s Fedwire solution.
Last year, the FederalReserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. The FederalReserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. What is FedNow?
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