Tag : FedNow Service

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......
FedNow Outlines Approach To ISO 20022 Specifications
Fintech InsurTech Investment Services News Risk Management

FedNow Outlines Approach To ISO 20022 Specifications

Fintech News Desk
by Fintech News Desk0
The new year is off to a fast start for the FedNow Service. We recently announced the 120+ strong pilot participant roster and a narrowed timeframe — now 2023 — for our industrywide service launch. Next on the horizon is the publication of the ISO 20022 message specifications for the......
More than 110 Organisations Lined Up For FedNow Pilot Programme
Banking Fintech Investment Services News

More than 110 Organisations Lined Up For FedNow Pilot Programme

Fintech News Desk
by Fintech News Desk0
The Federal Reserve Banks today announced that more than 110 organizations are participating in the pilot program for their upcoming instant payments offering, the FedNow Service. Read More: Datasite Completes Agreement to be Acquired by CapVest The program will support development, testing and adoption of the FedNow Service, as well as......
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