Fintech Finance

FEBRUARY 20, 2025

Eighty percent of respondents identified faster payments as a must have, with financial institutions leading the charge at 84%, said FPC Executive Director Reed Luhtanen. The results reflect growing adoption of the FedNow Service and RTP Network and an expanding array of use cases in both consumer and business contexts.

Faster Payments

Payment Savvy

MAY 15, 2023

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The FedNow Service will begin operating in July 2023 and it is the first U.S. Accessibility FedNow aims to be available to everyone.

FedNow

PYMNTS

AUGUST 10, 2020

Federal Reserve, where details (a roadmap, really) of FedNow , the proposed instant payment system, were released earlier this month. Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game.

Real Time Payments

Faster Payments Council

SEPTEMBER 17, 2019

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. With our responses, we, quite literally, are shaping the future of payments.

FPC

Seon

JULY 27, 2023

FedNow, the instant payment service that launched in the US on July 20, 2023, could bring significant new developments to your organization. What Is FedNow? Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses.

FedNow

PYMNTS

NOVEMBER 18, 2020

But the Federal Reserve has its own horse in the race, called FedNow , which is on the horizon. Billings noted that corporate clients are also interested in the data that real-time payments can provide across a multitude of payment types, spanning requests for payments, remittances and other transactions.

Real Time Payments