PYMNTS

AUGUST 8, 2019

The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s s path toward faster, digital payments. Keeping Checks In B2B Payments.

FedNow

PYMNTS

APRIL 8, 2020

Such solutions can also bolster countries’ payment digitization efforts and facilitate cross-border trade, and FIs are eager to provide them. Enabling Digital Payment Acceptance. Even government services have been tapping banking APIs to more easily receive digital payments. Making Money Move.

API

PYMNTS

MARCH 28, 2016

But, don’t look for the recommendation to kill checks to emerge from the report that the 500+ person Fed Task Force that’s examining the path forward for the U.S. And a complicating factor for how to monetize “faster payments” in the U.S. KILL CHECK RATIONALE #4 … MAKE B2B PAYMENTS BETTER. Of course they would.

Faster Payments

PYMNTS

JULY 24, 2017

For years, the Fed’s payments folks have been wracking their brains to figure out a way to remain relevant in a digital payments world in which it was becoming increasingly less so. The Fed didn’t see the need for people to conduct commerce on the web and create digital payments schemes that would allow them to do that.

Fed