Christine Mayes, executive vice president at Corporate One Federal Credit Union, details how she believes the launch of FedNow will bring healthy competition to the...
The flagship real-time payment system in the U.S., The Clearing House’s RTP® network, reaches 65% of all demand deposit accounts in the country, according to...
The Clearing House (TCH) has reported that its RTP instant payments network surpassed the 500 million payment milestone on Saturday (July 22). The RTP network...
As consumer behavior goes, the corporate response follows. Miyoshi Lee, head of U.S. real-time payments at Bank of America, told PYMNTS that consumers have become...
This week in payments saw the SEC weigh in on artificial intelligence (AI), the long-awaited debut of the FedNow instant payments rail to mixed reviews,...
And then there were two. The launch of FedNow on Thursday (July 20) brings the tally of real-time payments networks to a duopoly in the...
Financial institutions and payment service providers hit the ground running when the Federal Reserve launched the FedNow Service on Thursday (July 20). Many had new offerings ready to go...
And now comes the real test. Almost four years ago, the Federal Reserve announced that it would develop a “round the clock real time payment...
Four days from today, the Federal Reserve’s instant account-to-account payments rail will go live. FedNow’s launch on July 20 will bring the number of real-time...