Financial institutions and service providers welcome launch of FedNow
At the time of Thursday’s launch, 35 banks and credit unions, and the U.S. Department of the Treasury’s Bureau of the Fiscal...
News by FinTech Collective
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Fed launches long-awaited instant payments service, modernizing system
The "FedNow" service will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line...
Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live
Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day,...
Federal Reserve launches real-time payments system in first big upgrade since 1970s
The Federal Reserve has launched a new real-time payments system, the biggest advance in decades for the antiquated US money transfer...
FIS ready for FedNow
By completing the certification, FIS is fully ready to help its client financial institutions tap into the FedNow Service, ultimately...
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