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As a FedNow® pilot participant, Westside State Bank, a community bank in Iowa, is one of the first financial institutions in the U.S. to implement the Federal Reserve’s new FedNowService for instant payments and utilizing Bankers’ Bank for settlement services.

Bankers’ Bank, a correspondent bank that specializes in providing banking products to community banks, is live with its Funding Agent Smart Liquidity℠ module.

SHAZAM is providing the technical connectivity and Bankers’ Bank is providing funding agent capabilities to Westside State Bank so it can bring real-time payments to its customers through the RTP® network.

Bankers’ Bank announced their selection as a participant in The Federal Reserve Banks’ FedNow Pilot Program.

With the ever-increasing pace of technological change and the resulting rise in customer expectations, financial institutions are finding new ways to make next generation technologies and future-proofed products fit their payments strategies.

Recap of Bankers’ Bank’s strategy webinar.