The Federal Reserve’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern California regional banks and three credit unions (CUs), according to a report from North Bay Business Journal. FedNow, which will be fully implemented by 2023, will...
November 29, 2022
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 pilot program with more than 100 participants and the development and testing of multiple product features, functions and use cases. In a recent On the Agenda discussion, a trio of […]
April 04, 2021
The Federal Reserve’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern California regional banks and three credit unions (CUs), according to a report from North Bay Business Journal. FedNow, which will be fully implemented by 2023, will let individuals and companies transfer funds between accounts, pay bills […]
