FedNow Pilot Program Participants Announced as RTP Network Grows
The FedNow Pilot Program began in January and participants, such as Bankers’ Bank, is providing feedback to ensure the service is an innovative payment rail when implemented in 2023.
Easier Instant Payments Mean Quickly Getting Cash to Your Customers
It’s no secret – in the age of COVID, many households are experiencing severe economic hardship. In this time of stress, community banks need to find new and better ways to help their customers to strengthen relationships and create new ones.
Growth in Volume on the RTP Network Sets the Stage for Community Banks’ Transition from Receive-Only to Send
2020 will be remembered as the year The Clearing House’s RTP® Network gained broad acceptance by banks of all sizes. And in 2021, community banks will be able to fully adopt RTP, with access to RTP Send.
Federal Reserve Continues Progress on FedNow Development – Join the Community to Stay Informed
The Federal Reserve continues to plan and develop the FedNowSM Service for delivery as soon as possible. This faster payment service will be 24/7/365 on a new infrastructure slotted for delivery in 2023 or 2024. stay up to date by joining the FedNow community.
Recently Released Triennial Study by the Federal Reserve Notes Ongoing Trends in Payments
The Federal Reserve recently released their triennial 2019 Payments Study, which tracked payments across payment rails, including cards, ACH, wires, and Faster Payments.