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CHICAGO--(BUSINESS WIRE)--Aug 29, 2022--

Computer Services, Inc. , a provider of end-to-end fintech and regtech solutions, is participating in the FedNow Pilot Program to advance instant payments in the U.S. The program is designed to... | June 1, 2021

Volante to Help Shape the Future of Instant Payments News provided by Share this article Share this article NEW YORK, Feb. 1, 2021 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced their participation in a pilot program for the Federal Reserve's upcoming instant payments offering, the FedNow SM Service. The offering highlights the industry's charge to provide American consumers and businesses with instant payments services that deliver control, convenience and certainty. In the U.S., Volante is known as the enabler of the fir...

More Than 110 Organizations Will Participate in the FedNow Pilot Program The US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program. FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States. Esther George, President and CEO of the Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvemen...

The Fed, as promised, is beginning to roll out its FedNow Instant Payments network through a pilot program. Yesterday they named names and issued a list of the willing participants in their press release. They describe the purpose of the pilot as follows: Through their involvement in the FedNow Pilot Program, participating financial institutions and processors will help shape the product’s features and functions, provide input into the overall user experience, ensure readiness for testing and be the first to experience the FedNow Service before its general availability. In the initial advi...