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.
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.
Tech Will Power Three Growth Areas for Banks in 2020
The growth of small businesses offers opportunities for banks and credit unions, with many expected to look at fintech partnerships to expand services for these customers.
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.
Avidia Takes the Plunge
Avidia Bank, a small $1.6 billion-asset bank based in Hudson, joined The Clearing House’s real-time payments system. It’s a step few, if any, community banks in the country have dared to go down and Avidia executives say it will make it a leader in the payments space.
Banks’ Readiness for B2B Real-Time Payments
Banks hesitate to make a large technology investment to accommodate a new payment workstream without fully understanding the market demand and having a realistic expectation for adoption.
