Now in his eighth month as CEO of The Clearing House, David Watson noted to PYMNTS CEO Karen Webster that there’s significant promise — and...
More than 100 institutions are now actively participating on the Federal Reserve’s FedNow® Service network, which launched in July. There are now 108 financial institutions sending and...
The Federal Reserve has unveiled market practices aimed at promoting the standardized implementation of the request for payment (RFP) feature of the FedNow® Service. The market practices were...
According to Pradheep Sampath, CPO at Entersekt, the rise of instant payments demands a new approach to fighting fraud. “There’s certainly a buzz in the...
Cross River Bank and Plaid say they’ve joined FedNow® Service to widen customers’ instant payment access. The collaboration, announced Monday (Sept. 18), also makes Cross River among the...
In recent years, the global financial landscape has witnessed a significant rise in real-time payments, a payment method that, among other things, allows for immediate...
One overarching theme in payments — no matter whether commercial or retail transactions — is that of speed. Faster payments tend to translate into greater...
Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow...
The FedNow Service instant payments system is slated to launch next year — a culmination of an effort stretching out more than three-and-a-half years, a...