FedNow

Slow Going for Faster Payments as Fraud Concerns Persist
Slow Going for Faster Payments as Fraud Concerns Persist
October 14, 2024  |  Real-Time Payments

For the banks mulling when they’ll connect to real-time payment rails — and for those already connected in order for instant payments to be received,...

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Walmart Teams With Fiserv on Instant Bank Payments
Walmart Teams With Fiserv on Instant Bank Payments
September 19, 2024  |  Faster Payments

Walmart is reportedly enhancing its pay-by-bank offering via a partnership with Fiserv. The retailer began offering pay-by-bank with Walmart Pay earlier this year, Bloomberg reported...

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First Citizens Offers Instant Payments via RTP Network
First Citizens Offers Instant Payments via RTP Network
September 10, 2024  |  Faster Payments

First Citizens Bank now lets customers receive instant payments via the RTP network. The offering is open to business and consumer banking customers, allowing them to...

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68% of Businesses Plan to Add Instant Payments Within 2 Years
68% of Businesses Plan to Add Instant Payments Within 2 Years
September 09, 2024  |  Faster Payments

Instant payments have captivated businesses and consumers with the promise of a more agile financial ecosystem. Despite widespread enthusiasm, however, the transition from traditional payment...

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Affinity Plus CU Launches Real-Time Payments Service
Affinity Plus CU Launches Real-Time Payments Service
August 22, 2024  |  Real-Time Payments

Affinity Plus Credit Union has unveiled a new real-time payments service for its members, giving them instant access to their funds. Through the FedNow® Service...

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Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
Report Finds That Faster Payments Boost Federal Reserve Banks’ Bottom Line
August 21, 2024  |  Faster Payments

The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems....

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Modern Treasury Expands Instant Payments Support to Mutual Customers at 6 Big Banks
Modern Treasury Expands Instant Payments Support to Mutual Customers at 6 Big Banks
August 14, 2024  |  Faster Payments

Modern Treasury has expanded instant payments support for mutual clients of six top banks. “Money is moving swiftly toward a real-time future, and seeing customers use...

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Why New Use Cases Like Pay by Bank Will Fast-Track FedNow
Why New Use Cases Like Pay by Bank Will Fast-Track FedNow
August 01, 2024  |  Real-Time Payments

Since the FedNow® Service went live last July, more than 900 have banks have signed up, per the Federal Reserve. Is that a good number?...

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Will Earned Wage Access Unlock FedNow Sender Adoption?
Will Earned Wage Access Unlock FedNow Sender Adoption?
July 30, 2024  |  Faster Payments

One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock...

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