Remove Consumer Authentication Remove RTP Remove Third Party Vendors
article thumbnail

How Banks Can Overcome 10 Challenges with FedNow Payment Sending and Acceptance

Finovate

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.

FedNow 59