The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can’t be handled by the...
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,...
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...
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...
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...
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...
The Federal Reserve’s latest report to Congress offered a snapshot of money spent — and returns on investment — on all manner of payment systems....
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...
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?...