Tag: FedNow


FedNow pricing aimed at avoiding market disruption

April 29, 2024

Via: Banking Dive

The Fed launched FedNow last July. to provide real-time payments services in the U.S., enabling transactions to be settled in seconds instead of days. The speedier system, which will also be available for use around the clock and on weekends, […]

Capital and Risk, Operational

FedNow draws some banks, as others lag

January 19, 2024

Via: Banking Dive

The Federal Reserve has made headway in adding banks to its new FedNow system, with a tally of 400 participating financial institutions, but some of the biggest U.S. banks are still on the sidelines six months after the instant payments […]

Capital and Risk, Channels, Operational

Fed’s Waller pushes back on criticism of FedNow’s adoption rate

October 11, 2023

Via: Payments Dive

Participation in the Federal Reserve’s real-time payment settlement service, FedNow, has expanded from an initial group of 50 banks and credit unions to more than 100, Fed Gov. Christopher Waller said Friday at a payments conference held by the Brookings […]


Why Banks Aren’t Rushing to Instant Payments

September 25, 2023

Via: Bank Director

Instant payments are here and many banks aren’t ready. The launch of FedNow from the Federal Reserve is a catalyst that could reshape payments in the United States. But faster payments have yet to penetrate the majority of banks. Only […]


The Promise and the Pitfalls of Real-Time Payment Networks

May 4, 2023

Via: Bank Director

The introduction of real-time payment networks, like the Federal Reserve’s FedNow and The Clearing House Payment Company’s RTP, has been touted as a significant advancement in payment processing — and rightfully so. The ability to make payments in real-time is […]


The future is FedNow: how the new RTP service is aiming to future-proof US payments

April 26, 2023

Via: FinTech Futures

But when it comes to payments, the US has been lagging compared to its peers in Europe, Africa and Asia. Whether it’s contactless payments, UPI, open banking, PayNow or NITMX, nations across the world are racing ahead when it comes […]