This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Fintech Finance
FEBRUARY 5, 2025
FIS (NYSE: FIS), a global leader in financial technology, has announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserves FedNow instant payment service.
97 
Payments Dive
APRIL 25, 2024
About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.
202 
Bank Automation
APRIL 25, 2025
The Federal Reserves instant payments network, FedNow, is gaining ground on The Clearing Houses Real Time Payments network and has added more FIs to its network than RTP since its launch in 2017. I think […] The post FedNow payment value grows 140% QoQ to $43B appeared first on Bank Automation News.
52 
Payments Dive
DECEMBER 13, 2023
The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.
130 
Bank Automation
DECEMBER 19, 2024
People First Federal Credit Union has joined the Federal Reserves real time payments network, FedNow, as a receiver and aims to expand its capabilities to include send functions to improve customer experience in 2025.
52 
Bank Automation
SEPTEMBER 11, 2024
NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow until the payments rail shows some growth. The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network.
Bank Automation
MARCH 22, 2024
FedNow, launched just eight months ago, has overtaken its main competitor, The Clearing House’s Real-Time Payments network, in terms of the number of banks on the platform.
81 
Bank Automation
MAY 24, 2024
The Clearing House’s Real Time Payments network and The Federal Reserve’s FedNow network are prepared to tackle interoperability eventually — but for now, its value remains minimal.
78 
Bank Automation
FEBRUARY 13, 2024
The Federal Reserve’s FedNow payments network, launched nearly seven months ago, has signed up almost as many financial institutions as The Clearing House’s Real Time Payments platform has in seven years.
80 
Bank Automation
MAY 13, 2024
Adoption is ticking up for The Clearing House’ Real Time Payments network and the Federal Reserve’s FedNow payments rail as financial institutions add payment services to their platforms. The RTP network has more than 500 institutions on its network, according to The Clearing House’s website.
78 
Finovate
NOVEMBER 14, 2024
Payfinia’s IPX platform will play a key role in the CUSO, helping organizations leverage FedNow to offer instant payments while providing fraud prevention. ” The IPX platform was originally launched by Tyfone in July of 2023 in conjunction with the Federal Reserve’s FedNow instant payment service.
59 
PYMNTS
AUGUST 6, 2019
Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment scheme FedNow is designed to offer an option for consumers and business to transfer money instantly or nearly instantly in a “ubiquitous, safe and efficient” manner from one bank account to another. “The Why Now For FedNow.
85 
The Nilson Report
FEBRUARY 7, 2025
The post FIS Unlocks Second Half of FedNow Instant Payments Network Potential with New Send Certification appeared first on Nilson Report.
52 
Payments Dive
OCTOBER 10, 2023
The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.
113 
Finovate
FEBRUARY 20, 2025
The bank featured direct connections to all payment networks, including ACH, wires, RTP, FedNow, and Swift, as well as a multi-currency general ledger, low-code customer-onboarding forms, online experiences, and more. Live Oak Bank is only the latest partnership announced by Finzly this year.
114 
PYMNTS
AUGUST 12, 2019
Igniting a network at scale and right out of the box can be a real pain, as the litany of failed payments startups knows all too well. FedNow is positioned as a competitor to the private systems, with TCH as its only real-time domestic account-to-account competitor, but it also competes with cards and ACH. Much later.
Payments Source
NOVEMBER 14, 2019
The central bank originally predicted FedNow's launch within five years, but the Fed chairman told House lawmakers that he expects it will happen sooner.
69 
The Fintech Times
JULY 24, 2024
Last year, the US Federal Reserve launched FedNow as a competitive alternative for instant payments in the US. Celebrating its first birthday, we review how the instant payments service has been adopted over the past year. However there is one difference: FedNow is primarily targeted at banks – not at consumers.
59 
Payments Dive
JULY 27, 2023
While Mastercard participates in real-time payment systems in other countries, it’s holding back for now on the new U.S. instant payments network.
78 Bank Automation
APRIL 4, 2024
ACI Worldwide is exploring the use of its cloud platform to onboard bank clients to The Clearing House’s Real-Time Payments network.
Finovate
OCTOBER 16, 2024
FedNow, the U.S. Federal Reserve’s instant payment service went live in July of 2023. Now, 15 months later, adoption rates have been unpredictably slow, especially when it comes to banks that are able to send FedNow payments. Of the FedNow participants, 78% are community banks and credit unions.
59 
The Fintech Times
JANUARY 19, 2024
Financial firms in the US are highly interested in faster payment networks, with 78 per cent saying it is a ‘must-have’ for their organisation; according to Volante Technologies , the payments-as-a-service (PaaS) firm.
Fintech Finance
SEPTEMBER 13, 2024
This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.
131 
Segpay
JUNE 13, 2024
What is FedNow? Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. No ‘pass-through’ fees.
52 
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.
52 
Payments Source
SEPTEMBER 25, 2019
One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.
The Payments Association
MARCH 19, 2025
Enhance cross-border payments by integrating an always-on solution directly and locally with regional and global payment networks, ensuring compliance with constantly evolving regulatory standards. This can be on-prem, or hosted in any private or public cloud. Deliver, or fail fast, fix, and move on!
PYMNTS
NOVEMBER 21, 2019
ACI Worldwide noted it already has a strong foothold in the real-time payments space, with integrations with 18 real-time domestic payment networks around the globe. ACI Worldwide said it will now support the Federal Reserve’s upcoming FedNow service. In the U.S.,
PYMNTS
MAY 22, 2020
Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S. The Fed’s Failure.
137 
Bank Automation
MAY 6, 2024
The Clearing House’s Real Time Payments’ network is gaining mid-market companies as businesses gravitate toward real-time payments. financial institutions, compared with the 22% utilizing the Federal Reserve’s FedNow solution for real-time payments, Michael Cummins, executive vice […]
75 
Fintech Finance
APRIL 4, 2024
Trustly , a global leader in Open Banking Payments, and Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, are proud to expand their collaboration in instant payments with the addition of the FedNow® Service.
45 
The Paypers
MAY 4, 2023
Open Payment Network (OPN) has partnered with Bankers’ Bank to enable the bank to deliver instant payment services to respondents via API connectivity to TCH-RTP and FedNow.
PYMNTS
MARCH 11, 2020
In the March 2020 PYMNTS Faster Payments Tracker , the antagonists in this particular drama are the Federal Reserve Board (the Fed) and The Clearing House (TCH), whose ACH wire transfer tech was the industry standard until FinTech interlopers began repurposing payments rails with tons of venture capital.
Center for Payments
MARCH 17, 2023
By Meagan Norlund, VP, Marketing & Communications, NEACH As the industry well knows by now, the Federal Reserve anticipates that FedNow SM will be available sometime between May and July of this year, ahead of schedule and only a few short months away. Your customers and members want faster payment solutions.
40 
Faster Payments Council
SEPTEMBER 23, 2023
MEETING AGENDA Tuesday, September 26 10:00am-12:30pmCT: Registration/Check-In (Foyer) 12:30pm-12:40pmCT: Opening Remarks (Foundry Ballroom) Speakers: Michael Bilski, FPC Board Chairperson; Reed Luhtanen, FPC Executive Director 12:45pm-1:25pmCT: Panel Session – What Commerce Experience Do We Want in Faster Payments?
88 
Fintech Finance
JULY 24, 2024
In his role at BNY, he is responsible for the Treasury Services commercial platform, delivering Payments, Trade & Cash Management solutions to clients globally. Carl also represents BNY on the Board of Directors for Nacha and The Clearing House Payments Company.
Wharton Fintech
OCTOBER 30, 2023
How the industry is evolving through FedNow, and how Narmi is enabling organizations to support FedNow Nikhil: There’s a lot of great content on this on narmi.com, so just a plug for what we’re doing. Narmi is going to be a provider of FedNow. FedNow requires active participation. So as you can tell, very plugged in.
130 
PYMNTS
AUGUST 6, 2019
would be the latest nation to develop and launch a nationally available real-time payments system. The system, which will be called FedNow, is designed to bring real-time payments capability to the market as a whole, and pick up the pace of money flows nationwide (and beyond).
87 
PYMNTS
SEPTEMBER 17, 2020
Federal Reserve , for example, has announced plans to speed up the development and eventual launch of its own real-time payments network, FedNow. FedNow is still set to be completely rolled out in 2023 or 2024, but the Fed has claimed it will launch features incrementally in the meantime.
The Fintech Times
AUGUST 2, 2024
Nick Denning, senior vice president, head of product and strategy, ICBA Delving into the impact of payment speeds, Nick Denning , senior vice president, head of product and strategy, ICBA said: “The demand for faster payments continues to grow. ” Pidgin’s impact This is where Pidgin can help.
Finovate
OCTOBER 7, 2024
As October gets underway in earnest, Finovate’s Fintech Rundown shares news of expedited payments to help those impacted by hurricane Helene, another partnership to help new Canadians secure credit, as well as a major investment in cross-border payments and a big acquisition in the fraud prevention space.
59 
PYMNTS
JULY 22, 2020
The opportunity to wield richer transaction data in real time has become a key focus for governments, central banks and financial service providers as they press forward in their real-time payment initiatives. In the U.S., adoption remains muted compared to other markets like the U.K. As real-time transacting proliferates in the U.S.,
Fintech Finance
DECEMBER 13, 2023
Real-time payments can currently support approximately 60 to 70 percent of U.S. domestic B2B transactions, and with the recent launch of the Federal Reserve’s FedNow instant payments infrastructure many more banks are expected to support this capability.
Finovate
SEPTEMBER 20, 2024
Bloomberg unveiled this week that, while the retailer has offered pay-by-bank via Walmart Pay for a few months now, the payments were routed through ACH payment rails and still took days to clear. Leveraging Fiserv to power real time payments is an important move for Walmart as it enters the pay-by-bank game.
59
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content