Orum Debuts 'No Code Verify' to Combat Failed Payments
Payments firm Orum has debuted No Code Verify, a tool to help prevent failed payments by determining if a bank account is open and valid.
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Payments firm Orum has debuted No Code Verify, a tool to help prevent failed payments by determining if a bank account is open and valid.
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The United States government’s long-awaited instant payment system for transferring money, FedNow Service, is finally live.
The U.S. government’s instant payment system, FedNow Service, went live this week. Here’s a quick refresher on what that is: FedNow is an instant payment infrastructure for transferring money that promises to be a faster payment rail for financial institutions, offering immediate access to funds no matter the day or time. It’s also something that the U.S. has been considered “behind” on in light of the fact that other countries have been live with similar services for some time, including Brazil, India, the United Kingdom and the European Union.