How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance
Finovate
OCTOBER 16, 2024
The service faces competition with The Clearing House’s RTP platform, which was launched well before FedNow went live. To keep up with availability requirements, banks can adopt automated processing systems, use cloud-based solutions to keep their operations scalable, and partner with third-party vendors who offer 24/7 payment support.
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