Fraud Fears Greet FedNow’s Launch
The Federal Reserve launched its instant payments system, FedNow, on July 20, but many local banks are taking a wait-and-see approach in the face of fraud concerns.
The Fed’s New Instant Payments System FedNow Goes Live
The Federal Reserve’s instant payments system launched today to support banks’ and credit unions’ immediate transfer of customer funds.
FedNow to Launch in July
The Federal Reserve said in a statement Wednesday that the certification process for institutions will begin in the first week of April.
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.
U.S. and International Regulators Signal Increased Scrutiny of Cryptocurrency Market
Recent national and international developments have once again highlighted the risks and rewards inherent to financial technologies. And regulators are taking notice of developments in the cryptocurrency space.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
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.
Survey: Most Businesses Want Real-Time Payments
More than 60 percent of businesses said in a recent Citizens Bank survey that they expect to stop using cash or paper check payments in the future, adopting real-time payments instead.
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.
Boston Will Be Home Base for Development of Fed’s Payment System
Development of the Federal Reserve’s planned real-time payments system will be run out of Boston by a top leader at the Boston Fed.
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, Massachusetts’ community banks find themselves at a fork in the road following the Federal Reserve’s decision to launch its own payments network.
Fed to Build Own Real-Time Payments System
The Federal Reserve announced today it will challenge a banking industry-backed group for real-time payments customers by developing its own system.
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