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Open Payment Network (OPN) has partnered with Bankers’ Bank to enable the bank to deliver instant payment services to respondents via API connectivity to TCH-RTP and FedNow.
While many community banks are connected to the FedNow network, most are still in a receive-only capacity.” The company’s technology serves as a central connection point to the FedNow Service and other faster payment networks. Century Bank , and several others in the last year.
We will explore the launch of FedNow and the intricacies of operating with multiple instant networks. Join the Federal Reserve and a panel of early adopters to hear how they built their business cases for the FedNow Service and the lessons learned on their journey towards implementation.
Also, check out resources on the FedNow Explorer website and FedNow pilot program. This session will cover how fintechs and financial institutions can get ready to meet this demand when the FedNowSM Service launches nationwide next year. RTP) looks like right now, best practices in implementation, and lessons from the market.
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