Remove Interoperability Remove Irrevocability Remove Payment Message
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FPC 2022 Fall Member Meeting

Faster Payments Council

The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes.

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What Is FedNow & How Can Businesses Prepare for It?

Seon

The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. This payment message either goes directly to the FedNow Service or via a service provider. That bank confirms its willingness to accept the payer’s outgoing payment.

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