Tag : FedNow Service

Pidgin Among the First to Complete Certification for Federal Reserve’s New Instant Payment Service
Digital Payments News

Pidgin Supports Live Transactions on FedNow Service, Driving Innovation in US Payment Infrastructure

Business Wire
by Business Wire0
Pidgin, a secure real-time payments platform built for the future of payments, now supports live transactions on the Federal Reserve’s new instant payment rail, the FedNow Service. Pidgin is among the first service providers actively facilitating transactions for financial institutions on the service. “As a service provider of the FedNow Service,......
BNY Mellon Joins the FedNow Service, Advancing US Payment System
Digital Payments News

BNY Mellon Joins the FedNow Service, Advancing US Payment System

PR Newswire
by PR Newswire0
BNY Mellon announced it is now live on the Federal Reserve’s new instant payment rail, the FedNow Service, making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services. FedNow will operate 24 hours a day, seven days a......
The Federal Reserve Announces That Its New System for Instant Payments, the FedNow Service, Is Now Live
Digital Payments News

The Federal Reserve Announces That Its New System for Instant Payments, the FedNow Service, Is Now Live

Business Wire
by Business Wire0
The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year.......
Tyfone and Star One Credit Union Launch Instant Payment Solution Certified for FedNow Service
Banking Digital Payments News

Tyfone and Star One Credit Union Launch Instant Payment Solution Certified for FedNow Service

Business Wire
by Business Wire0
Latest partnership furthers Tyfone’s commitment to develop a platform-agnostic instant payment solution for institutions of all sizes Digital banking innovator Tyfone, Inc. announced its strategic partnership with Star One Credit Union to implement the credit union’s new instant payment solution, which has been certified for FedNow, the Federal Reserve’s new, highly anticipated instant payment......
Pidgin Among the First to Complete Certification for Federal Reserve’s New Instant Payment Service
Digital Payments News

Pidgin Among the First to Complete Certification for Federal Reserve’s New Instant Payment Service

Business Wire
by Business Wire0
Pidgin enables financial institutions to deliver instant payments with the FedNow Service Pidgin, a secure real-time payments platform built for the future of payments, is among the first companies in the industry to complete testing and certification for the FedNow Service, the Federal Reserve’s new instant payment offering launching in July 2023.......
Fintech Automation to Provide Payments Technology on FedNow Service Platform
Digital Payments Fintech News

Fintech Automation to Provide Payments Technology on FedNow Service Platform

GlobeNewswire
by GlobeNewswire0
FinTech Automation announces its participation as a provider of enabling financial technology for payments processing on the FedNow Service launching in July 2023 FinTech Automation announced that it has signed an agreement with the Federal Reserve Bank of Boston to be a provider of enabling financial technology for instant payment......
Salem Five Among Financial Institutions Set to Launch the FedNow Service with Fiserv
Digital Payments News

Salem Five Among Financial Institutions Set to Launch the FedNowSM Service with Fiserv

Business Wire
by Business Wire0
Nearly 20 financial institutions, including Salem Five, Peoples Bank and Mediapolis Savings Bank, are readying to move the industry forward with commitments to offer real-time payment services as part of the FedNow pilot program Fiserv, Inc. and its financial institution clients will continue to advance the availability of real-time payments......
More Than 70 Organizations Showcase Instant Payments Solutions For FedNow Service Implementation
Digital Payments Finance News

More Than 70 Organizations Showcase Instant Payments Solutions For FedNow Service Implementation

Fintech News Desk
by Fintech News Desk0
The Federal Reserve launched the FedNow Service Provider Showcase, an online resource designed to connect financial institutions and businesses looking to adopt the FedNow Service with service providers offering instant payments solutions. To date, 74 providers have submitted fact sheets and videos highlighting products and services that support FedNow Service......
Federal Reserve Announces ISO 20022 Specifications for Initial Launch of its FedNow Service for Instant Payments
Digital Payments Fintech News

Federal Reserve Announces ISO 20022 Specifications for Initial Launch of its FedNow Service for Instant Payments

Fintech News Desk
by Fintech News Desk0
The Federal Reserve released message specifications for the initial launch of its FedNow Service for instant payments based on the standard set by the International Organization for Standardization, or ISO. The FedNow ISO 20022 specifications define the message flows and formats that the service will leverage when operational in 2023.......
First Internet Bank Selected for FedNow Service Pilot Program
Banking Digital Payments Fintech News

First Internet Bank Selected for FedNow Service Pilot Program

Fintech News Desk
by Fintech News Desk0
First Internet Bank to shape the future of instant payments First Internet Bank announced its participation in a pilot program for the FedNow Service, the Federal Reserve’s instant payments network. This collaboration further evidences a commitment to digital banking and faster payments on the part of First Internet Bank, the......
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