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To address immediate market demand but allow time for the project to be done right, the official leading implementation of FedNow says the central bank envisions an initial release in 2023 or 2024 followed by subsequent updates.February 12
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Nacha is readying its network to meet with the demands of its financial institution members.February 7
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In a move to increase the attractiveness of its Real-Time Payment (RTP) network, The Clearing House is raising the transactional limit for single payments to $100,000 starting February 1, 2020.January 23
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Fearful of being the last one standing, banks and credit unions of all sizes will become more aggressive about real-time payments — or risk getting left in the past.January 16
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The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank.December 19
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If the deployment of faster payments came with a guarantee to boost a financial institution's bottom line, more banks and businesses would likely invest in bringing their legacy systems into a new age.November 20
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Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way.October 29
Vice Chairman and CEOOak View National Bank
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Nobody will be keen to go toe-to-toe with the Fed, which is the financial systems’ paramount regulator and central bank with virtually unlimited resources, says Intrepid Ventures' Eric Grover.October 29
PrincipalIntrepid Ventures
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The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings.October 25
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In seeking to eliminate manual back-office payment processes for long-term health care and social service providers, AvidXchange says it is launching new software to steer providers to digital accounting and B2B e-payments — and eliminate paper checks.October 21
