Remove FedNow Remove Request for Payment Remove Value Added Service
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FedNow And ISO 20022 Are Here — What Now For FIs And Faster Payments?

PYMNTS

However, the banks that have been and will be successful are the ones that see faster payments as the “new normal” for payments, clearing and settlement — and with the “new normal” comes new ways to do everything, from account-to-account payments to transfers across borders. In the U.S., The Merchant Is Critical .

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Real-Time Payments Go Beyond The Need For Speed

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But the Federal Reserve has its own horse in the race, called FedNow , which is on the horizon. Panelists agreed that to get more adoption by stakeholders, banks must leverage real-time infrastructure to unlock value for corporate clients that moves well beyond the confines of simply being fast. Awareness of those differences is key.