Payments Dive

MARCH 5, 2024

The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.

FedNow 174

FedNow Processors Use Case 174

Bank Automation

APRIL 25, 2025

The Federal Reserves instant payments network, FedNow, is gaining ground on The Clearing Houses Real Time Payments network and has added more FIs to its network than RTP since its launch in 2017. FedNows exponential growth was expected, Sean Viergutz, partner in the financial services division at consultancy PwC, told Bank Automation News.

FedNow 52

FedNow Federal Reserve RTP Real Time Payments 52

Payments Dive

SEPTEMBER 26, 2023

FedNow won’t fill the gap between the U.S. and other countries in payments innovation, writes one fintech CEO.

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FedNow Payments Innovation FinTech 174

Payments Dive

AUGUST 5, 2024

The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.

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FedNow Federal Reserve Instant Payments Research 159

Bank Automation

JANUARY 10, 2025

The Clearing House and Federal Reserve publicize the adoption of their payments rails, Real Time Payments and FedNow, by posting on their websites which financial institutions are live on their networks offering something of a roadmap for fraudsters to take advantage of newly onboarded FIs.

FedNow 52

FedNow RTP Federal Reserve Real Time Payments 52

Finovate

FEBRUARY 4, 2025

FIS is now certified to offer send capabilities for FedNow. Adding FedNow send capabilities enhances FedNow’s real-time payment services for bank clients and enables instant credit transfers. As of late last year, 60% of FedNow participants can receive payments, only 40% have adopted sending capabilities.

FedNow 59

FedNow Federal Reserve Push-to-Card Enrollments 59

Payments Dive

AUGUST 30, 2022

FedNow, an effort by the Federal Reserve Banks to speed up and modernize the U.S. payments system, is expected to launch as early as next May.

FedNow 159

FedNow Federal Reserve Payments 159

Payments Dive

APRIL 3, 2023

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

FedNow 167

FedNow FinTech Instant Payments Payments 167

Payments Dive

JULY 31, 2023

the rivalry between RTP and FedNow could get intense, but maybe not. As the only two real-time payments rails in the U.S.,

RTP 148

RTP FedNow Real Time Payments Payments 148

Payments Dive

OCTOBER 18, 2022

“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based based Wise executive.

Cross-Border Payments 167

Cross-Border Payments Cross-Border FedNow Payments 167

Payments Dive

JULY 24, 2023

The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.

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FedNow Instant Payments Process Payments 148

Bank Automation

JANUARY 30, 2025

As instant payments volume grows on The Clearing Houses Real Time Payments (RTP) network and the Federal Reserves FedNow rail, businesses expect their banks to provide both send and receive capabilities on the payments rails, according […] The post Business clients demand FedNow, RTP capabilities from their banks appeared first on Bank Automation (..)

RTP 59

RTP FedNow Federal Reserve Instant Payments 59

Payments Dive

MAY 3, 2023

The financial technology provider is encouraging clients to be prepared to receive payments through FedNow.

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FedNow Technology Payments 145

Payments Source

SEPTEMBER 22, 2020

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.

FedNow 151

FedNow Federal Reserve Instant Payments Settlement 151

The Fintech Times

MAY 18, 2024

US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable and continuously updated platform. This latest go-live enables Commerce to offer FedNow real-time payments using Temenos Payments Hub.

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FedNow Continuity Real Time Payments Payments 131

Payments Dive

JULY 10, 2023

The Federal Reserve in July is launching the FedNow Service, an instant-payment service that will help banks and other financial institutions better serve consumers and businesses.

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FedNow Instant Payments Federal Reserve Payments 148

Payments Dive

DECEMBER 13, 2023

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

FedNow 130

FedNow RTP Real Time Payments Payment Networks 130

Payments Dive

JUNE 30, 2023

The soon-to-launch real-time payments system from the Federal Reserve may reduce interchange fee revenue for some payments players and increase IT costs for others.

FedNow 42

FedNow Federal Reserve Real Time Payments Payments 42

Payments Dive

JANUARY 18, 2024

The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.

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FedNow Federal Reserve Participant 120

Payments Dive

JULY 16, 2024

The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.

Participant 217

Participant RTP FedNow Federal Reserve 217

Fintech Finance

FEBRUARY 20, 2025

The results reflect growing adoption of the FedNow Service and RTP Network and an expanding array of use cases in both consumer and business contexts. Eighty percent of respondents identified faster payments as a must have, with financial institutions leading the charge at 84%, said FPC Executive Director Reed Luhtanen.

Faster Payments 102

Faster Payments Multifactor Authentication FedNow RTP 102

Payments Dive

MARCH 23, 2023

Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.

Real Time Payments 218

Real Time Payments FedNow Federal Reserve Payments 218

Payments Dive

FEBRUARY 27, 2025

Starting this summer, the Federal Reserve’s real-time payments system will let banks send payments up to $1 million, twice the amount of the existing limit.

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FedNow Federal Reserve Real Time Payments Payments 188

Payments Dive

JUNE 28, 2023

The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.

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FedNow Federal Reserve Instant Payments Payments 184

Payments Dive

APRIL 17, 2023

Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.

FedNow 104

FedNow NACHA Faster Payments Payments 104

Fintech Finance

AUGUST 22, 2024

Adyen gives us access to the most advanced payment products and tools, including FedNow for Instant Deposits.” “Our FedNow certification allows for instantly-available deposits and cash advances, enabling InvoiceASAP users to better manage cash flow, scale operations, and invest in the tools they need to thrive.” .

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FedNow Federal Reserve Instant Payments Payment Solutions 98

Faster Payments Council

AUGUST 16, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Register

FedNow 125

FedNow Instant Payments RTP ISO 20022 125

Fintech Finance

OCTOBER 23, 2024

Powered by AWS, the Finzly BankOS platform integrates the FedNow service seamlessly with FIs’ core and digital banking systems. A recent US Faster Payments Council survey found that nearly 75% of financial institutions see legacy systems as a barrier to using FedNow.

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FedNow FedWire Instant Payments RTP 97

Finextra

APRIL 9, 2024

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transfo.

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FedNow Payments 111

Payments Dive

AUGUST 19, 2022

The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.

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Fed FedNow Real Time Payments Governance 218

PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Last summer, PYMNTS reported the FedNow initiative was expected to speed up the time it takes to process paper checks, inching the U.S.

FedNow 93

FedNow Fed Instant Payments Participant 93

Payments Source

OCTOBER 2, 2019

The key is that FedNow will provide speed, equal access and an infrastructure that enables the private sector to build cross-platform solutions, says BillGo's Kelly Seidl.

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FedNow Real Time Payments Payments Faster Payments 112

Bank Automation

DECEMBER 19, 2024

People First Federal Credit Union has joined the Federal Reserves real time payments network, FedNow, as a receiver and aims to expand its capabilities to include send functions to improve customer experience in 2025.

FedNow 52

FedNow Credit Union Federal Reserve Fraud Detection 52

Payments Source

AUGUST 28, 2019

The Clearing House has been quite clear that it did not think the Federal Reserve's FedNow real-time settlement service would be necessary. But some of its executives are rethinking that stance.

FedNow 117

FedNow Federal Reserve Settlement Real Time Payments 117

Faster Payments Council

SEPTEMBER 6, 2024

Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET.

Instant Payments 128

Instant Payments RTP FedNow ISO 20022 128

Payments Dive

MAY 9, 2024

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

Volume 167

Volume FedNow Federal Reserve Service Provider 167

Bank Automation

JULY 11, 2024

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode.

FedNow 80

FedNow Credit Union Instant Payments Advisors 80