The Fed’s New Instant Payments System FedNow Goes Live
The Federal Reserve today launched its new system for instant payments, the FedNow Service.
FedNow Payments System to Launch in July
The FedNow Service, the Federal Reserve’s real-time payments platform, will launch in July.
Prepare Now for FedNow
At some point between May and July, the Federal Reserve plans to launch its real-time payments system FedNow, and EasCorp’s Cynthia Nelson wants credit unions to get ready.
Fed’s Real-Time Payment System Coming as Early as May ’23
The Federal Reserve’s new real-time payments system known as FedNow is expected to go live as early as May 2023, a Fed official said Monday.
Fed Survey: Real-Time Payments Drives Satisfaction
As the Federal Reserve moves closer to the expected launch next year of its real-time payments system, a survey released last week by the Federal Reserve Banks found that having faster payment capabilities helped drive satisfaction with financial institutions for more than two-thirds of consumers.
Survey: Access to Faster Payments Important to Most Businesses
Almost two-thirds of businesses would factor in access to faster payments when deciding whether to switch banks in the future, according to a new survey from the Federal Reserve.
FedNow to Launch in 2023
The Federal Reserve has narrowed the expected time frame for the launch of its instant payment platform, FedNow Service, but its debut is still at least two years away.
Federal Reserve Still Shooting for Real-Time Payments By 2023
The Federal Reserve’s new real-time payments system will operate seven days a week, including holidays, but its launch date still hasn’t accelerated.
Fed’s Real-Time Payment System Leaves Community Banks in a Bind
With access to a real-time payments system an important selling point for some business customers, Connecticut’ community banks find themselves at a fork in the road following the Federal Reserve’s decision to launch its own payments network.
