Forbes

Banks’ Revenue Opportunity From FedNow Instant Payments

It’s a funny paradox. The Federal Reserve Bank’s launch of FedNow in July 2023 promised that consumers and businesses would be able to pay for groceries, pay their suppliers, and pay each other ...
Forbes

Banks Need To Get On The Buy Now, Pay Later Bandwagon

NEW YORK, NEW YORK - MAY 18: Guest attend Ashley Graham co-hosts Summer Soiree with buy now, pay later solution, Affirm, on May 18, 2022 in New York City. (Photo by Bennett Raglin/Getty Images for ...
The Columbian

FedNow payment service allows for instant transfers between banks

FILE - An American flag flies over the Federal Reserve building on May 4, 2021, in Washington. The Federal Reserve has launched their instant payment service, FedNow, which allows banks and credit ...
NBC Chicago

Your paycheck could clear faster now that the FedNow instant payment service for banks has launched

The Federal Reserve launched a new instant payment service Thursday. FedNow allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money ...
WTVD

US banks hit by deposit delays caused by error at payment processing network, Fed says

Multiple US banks were hit by deposit delays on Friday caused by an error at a payment processing network, according to the Federal Reserve. The Clearing House, which ...