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The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.8h ago
Senior Vice President of payments and technology policyIndependent Community Bankers of America -
As the coronavirus pandemic has driven more people to work from home and shop online, the demands on digital, faster payment systems have been heightened — as have the opportunities for fraudsters to exploit them.September 25
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As the Federal Reserve's FedNow instant payments and settlement system enters into testing and use-case development phases, an emphasis on speed to market, ubiquity and compatibility with other systems remains in the forefront.September 22
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After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.September 17
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The fintech, which spent most of the last decade touting various alternative ACH-powered faster payments approaches, is adding the more mainstream option of debit push payments in its latest iteration.September 16
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The pandemic has spurred a major push toward speedier digital transactions, making it an expeditious time for the Faster Payments Council to expand the range of input it gets to expand its mission.September 10
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With consumers and merchants alike sharing the need to be paid faster, the case for adopting real-time payments globally has quickly advanced during the COVID-19 pandemic.August 28
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The Fed's faster payments platform may well roll out in three or four years, but by then it will already be outdated.August 24
Managing PartnerFederal Financial Analytics
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As the coronavirus pandemic began, PayActiv waived fees for its earned wage access (EWA) user base. Eventually those fees returned, but they did not deter adoption.August 18
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For real-time payments to become a standard in U.S. billing and payment processing, businesses have to want what providers are developing. And that acceptance, or the interest in having an RTP option, is on the rise.August 18
