Finovate

JULY 16, 2025

The CFPB is pulling back from Section 1033 and JPMorgan revealed to data aggregators that it plans to increase the cost for them to pull consumer data. In the latter half of the year, we can expect to see real world implementations, particularly in wholesale payments, interbank settlement, and liquidity management.

ISO 20022 52

ISO 20022 Interbank Settlement Third Party Vendors CFPB 52

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). How does one then turn that into cash?

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97