FedNow, Interbank Settlement and ISO 20022

FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. In a Thursday (Aug.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

Fed Says America Needs Instant Payments As Soon As Possible

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