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. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. In a Thursday (Aug.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

Finovate

OCTOBER 21, 2024

Mastercard unveiled an offering this week that will allow commercial users to make cross-border payments in near-real-time. Move Commercial Payments offers features like liquidity management, integration with existing SWIFT systems, and helps to reduce counterparty risk.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa FedNow 59

Tearsheet

JANUARY 9, 2025

Some of the new approaches are proving effective in tackling this challenge: Faster payment networks (like FedNow) are making their way to the main scene, offering near real-time, card-like experiences for B2B payments. Therefore, a gateway that supports both card and bank transfers is critical, he notes.

Embedded Payments 59

Embedded Payments B2C B2B Embedded Finance 59

Finovate

FEBRUARY 22, 2024

Specifically, the company plans to launch new banking-as-a-service features for merchants and has plans to unveil a FedNow offering in the U.S. that will enable businesses to send and receive FDIC-insured payments in near-real-time. FedNow, the U.S. government’s real time payment service, launched last July.

Instant Payments 52

Instant Payments FedNow FDIC Gateways 52

PYMNTS

DECEMBER 5, 2019

so people can make secure payments anytime or anyplace, with near-real-time funds availability. She is also a sponsor of the Federal Reserve’s payments improvement initiative. The goal of the FPC and its members is to expedite faster payments in the U.S. As a result, the FPC was created in 2018.

Faster Payments 54

Faster Payments Fed FPC Federal Reserve 54

PYMNTS

NOVEMBER 13, 2019

The insurance sector sees demand for faster claim payouts, for example, while the small business lending market can similarly add value to borrowers by enabling them to draw funds from their line of credit, and actually access that money same day or in near real time. The Ubiquity Challenge. ” In the U.S., Canada, etc.”

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

JANUARY 6, 2020

As new payment networks and rails emerge, though, including the Federal Reserve’s FedNow service, small banks must onboard these services to remain competitive.

Community Banks 49

Community Banks Faster Payments Federal Reserve Small Business 49