Faster Payments Council

AUGUST 16, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. • Overcoming readiness gaps with digital banking vendors to maintain competitive advantage. Register

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Bank Automation

AUGUST 9, 2024

Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding its reach to 10% of financial institutions, so far.

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Faster Payments Council

SEPTEMBER 6, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Catering to corporate customers as the primary revenue source for instant payments.

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Fintech Finance

AUGUST 15, 2024

Modern Treasury , essential infrastructure for the new era of payments, has announced that it has expanded instant payments support for mutual customers of six leading banks — Bank of America, Cross River, JPMorgan Chase, PNC Financial Services, U.S. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually.

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Faster Payments Council

AUGUST 23, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Catering to corporate customers as the primary revenue source for instant payments.

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Payments Dive

JUNE 13, 2023

we never kill payment systems,” writes Modern Treasury cofounder Sam Aarons. “In the U.S., “People still write paper checks. But the future of money, especially inside larger enterprises, is instant payments.”

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Fintech Finance

SEPTEMBER 24, 2024

The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth. Deployed on Microsoft Azure cloud, Payments To Go provides the bank with the agility needed to offer new and innovative payments rails, including FedNow Service.

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Payments Dive

APRIL 3, 2024

The partnership aims to simplify and accelerate the adoption of FedNow by small and medium-sized financial institutions in Treasury Prime’s network.

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PYMNTS

AUGUST 15, 2019

The Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time gross settlement (RTGS), as well as integrated clearing, according to a release. First Vice President Kenneth C. More information will be posted soon on the site.

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Finovate

APRIL 2, 2024

Embedded banking software provider Treasury Prime partnered with digital banking solutions company Narmi. Banks in the Treasury Prime network will be able to offer their BaaS clients access to a real-time payment platform via Narmi’s FedNow service. Under the agreement, Narmi will act as the service provider for FedNow.

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Nanonets

SEPTEMBER 1, 2023

The US Federal Reserve's new payment rail FedNow can shake up the landscape, offering significant time and cost savings. In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. What is FedNow? Startups, in particular, are vulnerable to hefty late fees.

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Bank Automation

DECEMBER 27, 2023

Among themes discussed on Bank Automation News’ most popular “The Buzz” podcast episodes this year are: Improving customer experience; Navigating ChatGPT for finance implications; and Preparing for FedNow Listen to the top 3 podcasts of 2023: Citi Treasury and Trade Solutions improves CX, grows revenue 34% Naveed Anwar, global head of digital (..)

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Fintech Finance

MARCH 28, 2024

Modern Treasury , the operating system for the new era of payments, today announced the launch of its Professional Services offering to help enterprises scale modern payment infrastructure so they can innovate faster, reduce risk, and unlock new revenue. Companies, on average, use 6.6

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Finovate

DECEMBER 4, 2023

Treasury Prime, an embedded banking software platform, has signed a strategic partnership with fraud and risk management platform Effectiv. Companies and FIs on Treasury Prime’s network will leverage Effectiv’s platform for transaction monitoring. Effectiv made its Finovate debut in September at FinovateFall.

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Faster Payments Council

AUGUST 23, 2024

This session will be a pioneering and historic panel that promises to demonstrate what the future ecosystem of real time treasury and payment operations will look be from leading FIs, Fintechs, ecosystem orchestrators, and artificial intelligence. It's time to confront the harsh reality—innovation alone doesn't drive broad adoption.

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Fintech Finance

JULY 24, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors.

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PYMNTS

AUGUST 3, 2020

Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. “If you can make money programmable, then you can build that money into applications that optimize your processes in corporate treasury.”

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The Paypers

NOVEMBER 13, 2023

US-based payments platform Modern Treasury has launched instant microdeposits leveraging the Federal Reserve 's FedNow and Real-Time Payments.

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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. Problem No.

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Fintech News

DECEMBER 12, 2023

Each executive offers a unique perspective from their own business segment, focusing on key areas across lending, payments, treasury services and trade finance. Financial software provider Finastra has shared its executive insights expert predictions for the fintech and banking technology landscape in 2024.

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Finovate

MARCH 14, 2024

The funding follows a December investment Icon Solutions secured from Citi Treasury and Trade Solutions (TTS). In both instances, Citi Treasury and Trade Solutions and NatWest have integrated or further integrated Icon Solutions’ Icon Payments Framework (IPF) as part of their investments. .

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Fintech News

DECEMBER 12, 2023

The team, comprising senior leaders from various business segments, offered a comprehensive analysis focusing on lending, payments, treasury services, and trade finance. Financial software provider Finastra has shared its executive insights on the anticipated trends, challenges and opportunities for the fintech landscape in 2024.

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Bank Automation

JANUARY 24, 2024

TCH’s RTP network has been gaining traction since the launch of FedNow, with more […] Mastercard will be the exclusive instant payments software provider for The Clearing House’s (TCH) RTP network, according to a news release from Mastercard.

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PYMNTS

DECEMBER 8, 2020

Panelists joining PYMNTS CEO Karen Webster included Ingo Money CEO Drew Edwards ; Wells Fargo Senior Vice President, Head of Global Payables, Treasury Management Michelle Ziolkowski ; and J.P. Morgan Managing Director Industry Head for Public Sector Treasury Services, Wholesale Payments Eva Robinson. Headaches, Everywhere.

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PYMNTS

DECEMBER 17, 2019

Citi Treasury Services, PayPal Team On Global Mass Payouts. Google Offers Advice To The Fed On FedNow. central bank consider modeling FedNow after the Unified Payments Interface framework used in India. central bank consider modeling FedNow after the Unified Payments Interface framework used in India.

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The Fintech Times

MAY 7, 2024

In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed. “From keeping the lights on for gig workers, to insurance payouts, from treasury to making payroll.

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PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Awareness of those differences is key.

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PYMNTS

FEBRUARY 6, 2020

Networks like The Clearing House’s RTP and the Federal Reserve’s upcoming FedNow service have taken this approach to building new payment rails from the ground up, while other FinTechs are exploring opportunities in technologies, like blockchain, to do the same.

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PYMNTS

SEPTEMBER 16, 2019

500+ industry experts are collaborating for the Federal Reserve’s Faster Payments Task Force , which helped pave the way for the Fed to announce FedNow , its planned faster payments service for the U.S. Researchers surveyed 379 corporate treasury and financial professionals and found that check use seems to be at an all-time low.

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PYMNTS

DECEMBER 4, 2019

The addition of RTP services means seamless integration into corporates’ treasury platforms, greater choice in payment methods and the opportunity to optimize cash flow, the financial institution added.

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Tearsheet

DECEMBER 1, 2023

From the much-anticipated launch of FedNow to Twitter (X) making its payment debut , securing money-transmitting licenses in three US states to total US credit card debt surpassing a record $1 trillion , and Pay by Bank almost on the brink of becoming a consumer favorite, the payments landscape underwent a kaleidoscope of shifts.

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PYMNTS

OCTOBER 31, 2019

Although receiving payment is, of course, critical, without the ability to understand which invoice that transaction is tied to, AR, finance and treasury executives are unable to accurately analyze which bills have been paid, which are late, or which may have an issue with the customer. Further, AR is also about planning for the future.

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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. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization.

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PYMNTS

SEPTEMBER 17, 2019

The recent announcement that the Federal Reserve has decided to throw its hat into the instant payments ring with the development of the FedNow system has only further heightened the importance of the speed at which consumers and businesses can access funds. Edwards said.

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Clearly Payments

FEBRUARY 8, 2024

Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations. payment system by developing a real-time payment service known as FedNow. It monitors and enforces regulations related to payment products and services to ensure fair treatment and transparency for consumers.

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