PYMNTS-MonitorEdge-May-2024

FedNow

Fed Names FedNow Faster Payments Chief
Fed Names FedNow Faster Payments Chief
August 15, 2019  |  Personnel

The Federal Reserve has announced a leader of the new FedNow service, which was created to facilitate faster payments in the country with interbank real-time...

READ MORE >
Why FedNow Will Slow Real-Time Payments
Why FedNow Will Slow Real-Time Payments
August 12, 2019  |  Payments Innovation

I’m from the government and I’m here to make sure you get your paychecks faster – even instantly… …if you can just hang in there...

READ MORE >
The Fed Debuts FedNow
The Fed Debuts FedNow
August 06, 2019  |  Faster Payments

It’s now official. The Fed plans to build its own instant clearing and settlement rails. Introduced on Monday by Federal Reserve Board Governor Lael Brainard, the Fed’s instant payment...

READ MORE >
Federal Reserve To Launch FedNow Instant Payments System 
Federal Reserve To Launch FedNow Instant Payments System 
August 05, 2019  |  Payments Innovation

The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as...

READ MORE >