Articles For Tag "faster payments"

  • Federal Reserve's FedNow Service will offer faster payments solutions

    posted by Paul Waltz on Wednesday, November 13, 2019

    In August, the Federal Reserve announced it will develop a new round-the-clock real-time payment and gross settlement service. FedNow Service will enable financial institutions of every size to offer their accountholders a way to move money in real time between other people and businesses.

  • Faster Payments Council brings together payment stakeholders

    posted by Kevin Christensen on Wednesday, May 22, 2019

    The U.S. Faster Payments Council (FPC) is built on the premise that bringing all payment stakeholders together is the way to advance toward faster payments ubiquity, enabling Americans to safely and securely pay anyone, anywhere and at any time with near-immediate funds availability.

  • Do ATMs still have value?

    posted by Jace Day on Wednesday, March 27, 2019

    In 1967, the first automated teller machine dispensed its first transaction in London, England. Fast forward more than 50 years later and the ATM still provides value to consumers.

  • Developing an interoperable faster payments system

    posted by Kevin Christensen on Wednesday, February 13, 2019

    Faster payments is a critical issue facing community financial institutions. Establishing the Federal Reserve as an operator is a critical step in assuring nondiscriminatory access, resulting in ubiquitous interoperability within the payments system.

  • SHAZAM's Christensen named to U.S. Faster Payments Council leadership

    posted on Friday, January 18, 2019

    Kevin Christensen to serve as acting executive director and interim board chair of Faster Payments Council.