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.

FedNow 52

FedNow Federal Reserve RTP Real Time Payments 52

Payments Dive

FEBRUARY 23, 2023

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

FedNow 187

FedNow Zelle Federal Reserve Instant Payments 187

Payments Dive

OCTOBER 18, 2022

“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based based Wise executive.

Cross-Border Payments 167

Cross-Border Payments Cross-Border FedNow Payments 167

Fintech Finance

FEBRUARY 20, 2025

Faster Payments Council (FPC), in collaboration with Volante Technologies , today released results from the 2025 Faster Payments Barometer, the latest in its series of comprehensive studies analyzing the adoption, trends, and perceptions surrounding faster payments in the U.S.

Faster Payments 102

Faster Payments Multifactor Authentication FedNow RTP 102

Payments Dive

MARCH 5, 2024

The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.

FedNow 174

FedNow Processors Use Case 174

Payments Dive

AUGUST 5, 2024

The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.

FedNow 158

FedNow Federal Reserve Instant Payments Research 158

Finovate

FEBRUARY 4, 2025

FIS is now certified to offer send capabilities for FedNow. Adding FedNow send capabilities enhances FedNow’s real-time payment services for bank clients and enables instant credit transfers. As of late last year, 60% of FedNow participants can receive payments, only 40% have adopted sending capabilities.

FedNow 59

FedNow Federal Reserve Push-to-Card Enrollments 59

Payments Dive

AUGUST 30, 2022

FedNow, an effort by the Federal Reserve Banks to speed up and modernize the U.S. payments system, is expected to launch as early as next May.

FedNow 158

FedNow Federal Reserve Payments 158

Bank Automation

JANUARY 10, 2025

The Clearing House and Federal Reserve publicize the adoption of their payments rails, Real Time Payments and FedNow, by posting on their websites which financial institutions are live on their networks offering something of a roadmap for fraudsters to take advantage of newly onboarded FIs.

FedNow 52

FedNow RTP Federal Reserve Real Time Payments 52

Payments Dive

APRIL 3, 2023

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

FedNow 167

FedNow FinTech Instant Payments Payments 167

Payments Dive

JULY 31, 2023

As the only two real-time payments rails in the U.S., the rivalry between RTP and FedNow could get intense, but maybe not.

RTP 148

RTP FedNow Real Time Payments Payments 148

Bank Automation

JANUARY 30, 2025

Business clients are demanding instant payment services from their financial services providers as they look to streamline payment processes.

RTP 59

RTP FedNow Federal Reserve Instant Payments 59

Payments Dive

JULY 24, 2023

The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.

FedNow 148

FedNow Instant Payments Process Payments 148

Payments Dive

MARCH 23, 2023

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

Real Time Payments 218

Real Time Payments FedNow Federal Reserve Payments 218

Payments Dive

JULY 10, 2023

The Federal Reserve in July is launching the FedNow Service, an instant-payment service that will help banks and other financial institutions better serve consumers and businesses.

FedNow 148

FedNow Instant Payments Federal Reserve Payments 148

Payments Dive

MAY 3, 2023

The financial technology provider is encouraging clients to be prepared to receive payments through FedNow.

FedNow 145

FedNow Technology Payments 145

Payments Source

SEPTEMBER 22, 2020

As the Federal Reserve's FedNow instant payments and settlement system enters into testing and use-case development phases, an emphasis on speed to market, ubiquity and compatibility with other systems remains in the forefront.

FedNow 151

FedNow Federal Reserve Instant Payments Settlement 151

The Fintech Times

MAY 18, 2024

US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable and continuously updated platform. This latest go-live enables Commerce to offer FedNow real-time payments using Temenos Payments Hub.

FedNow 131

FedNow Continuity Real Time Payments Payments 131

Payments Dive

JUNE 30, 2023

The soon-to-launch real-time payments system from the Federal Reserve may reduce interchange fee revenue for some payments players and increase IT costs for others.

FedNow 42

FedNow Federal Reserve Real Time Payments Payments 42

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.

FedNow 130

FedNow RTP Real Time Payments Payment Networks 130

Payments Dive

JANUARY 10, 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

Payments Trends 200

Payments Trends FedNow Embedded Payments BNPL 200

Payments Dive

JULY 16, 2024

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

Participant 217

Participant RTP Federal Reserve FedNow 217

Payments Dive

FEBRUARY 27, 2025

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

FedNow 188

FedNow Federal Reserve Real Time Payments Payments 188

Faster Payments Council

AUGUST 16, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. The stakes are certainly high. It's time to lead the charge.

FedNow 125

FedNow Instant Payments RTP ISO 20022 125

Payments Dive

JUNE 28, 2023

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

FedNow 183

FedNow Federal Reserve Instant Payments Payments 183

The Fintech Times

APRIL 27, 2025

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. The report also reveals significant concerns around fraud.

RTP 45

RTP FedNow Instant Payments Payee 45

Faster Payments Council

SEPTEMBER 6, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. Catering to corporate customers as the primary revenue source for instant payments.

Instant Payments 128

Instant Payments RTP FedNow ISO 20022 128

PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Last summer, PYMNTS reported the FedNow initiative was expected to speed up the time it takes to process paper checks, inching the U.S.

FedNow 93

FedNow Fed Instant Payments Participant 93

Faster Payments Council

AUGUST 23, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. Catering to corporate customers as the primary revenue source for instant payments.

Instant Payments 128

Instant Payments RTP FedNow ISO 20022 128

Payments Dive

AUGUST 19, 2022

The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.

Fed 218

Fed FedNow Real Time Payments Governance 218

Payments Dive

APRIL 17, 2023

Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.

FedNow 103

FedNow NACHA Faster Payments Payments 103

Payments Dive

JANUARY 18, 2024

The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.

FedNow 120

FedNow Federal Reserve Participant 120

Clearly Payments

OCTOBER 31, 2024

The economy today is tech-driven and payment methods are a key part of that paradigm. From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. They remain a staple payment method globally.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

Finextra

APRIL 9, 2024

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transfo.

FedNow 111

FedNow Payments 111

Payments Source

OCTOBER 2, 2019

The key is that FedNow will provide speed, equal access and an infrastructure that enables the private sector to build cross-platform solutions, says BillGo's Kelly Seidl.

FedNow 112

FedNow Real Time Payments Payments Faster Payments 112

Bank Automation

JULY 10, 2024

Demand for real-time payments continues to grow globally, and the launch of the Federal Reserve’s real-time payments rail, FedNow, one year ago offers another avenue to send and receive funds instantly. Real-time transactions are predicted to reach 575.1

FedNow 83

FedNow Volume Real Time Payments Payments 83

Payments Dive

SEPTEMBER 18, 2023

FedNow is driving adoption of instant payments— here’s what financial institutions need to know.

Instant Payments 172

Instant Payments FedNow Payments 172