Showing results for 'fednow' in Articles
58 Articles | 10 Magazines | 0 Research | 0 Whitepapers

FedNow edges towards a cross-border role

16 Apr 26 @ 11:46

The US Federal Reserve has taken a potentially significant step towards extending FedNow beyond purely domestic payments. By opening a 60-day consultation on proposed amendments to Regulation J, the central... read more

Federal Reserve raises FedNow instant payments limit to $10 million

10 Sep 25 @ 16:12

The Federal Reserve has announced a tenfold increase in the FedNow Service transaction limit, raising the ceiling from $1 million to $10 million, effective November 2025. The change reflects the... read more

FedNow ends 2023 on a strong note

15 Dec 23 @ 11:41

The Federal Reserve says that FedNow Service participation continues to show strong growth and diversity heading into the new year. 331 institutions, headquartered in 45 states and ranging in size... read more

Can FedNow beat the Nordic success story – or will it be another Interac?

10 Nov 23 @ 14:43

Amid the glare of red rockets and much other fanfare, the US finally announced the launch of FedNow on July 2023. 57 US banks (out of some 14,000 with licenses... read more

Pix transactions surge – what are the implications for FedNow

07 Nov 23 @ 11:35

The latest Pix by the Numbers report covers data through Q3 2023, and shows Pix volume continuing to surge. The report also offers key insights for US financial institutions (FIs)... read more

FedNow Vs Real-Time Payments (RTP) – Whats the difference?

07 Jul 23 @ 13:25

With all the noise around the impending opening up of the newest payment rails in the US, we ask “What is the difference between the Federal Reserve’s new instant payments... read more

Getting up to speed with US instant payments

04 Mar 25 @ 17:01

The landscape of instant payments in the US is evolving rapidly, driven by the dual forces of the Real-Time Payments (RTP) network and the Federal Reserve’s FedNow service. Despite the... read more

Breaking barriers: How FIs can leverage Instant Payments

01 Aug 24 @ 10:29

In an era where immediacy is paramount, the 2024 Instant Payments Report by the U.S. Faster Payments Council (FPC) and Finzly provides a comprehensive analysis of the state of instant... read more

ACI Targets US Payments Fragmentation with Connetic platform

28 Apr 26 @ 18:14

ACI Worldwide has launched a major expansion of its Connetic platform in the US, positioning the service as a response to the growing complexity faced by banks operating across multiple... read more

How real-time payouts are stress-testing US banking infrastructure

20 Jan 26 @ 14:12

Betting volumes are pushing older payment systems to their limits, which is prompting banks to switch to real-time processing. This article offers some valuable insights into the technical challenges and... read more

Rethinking payment frictions in a world of one-tap online slots

09 Dec 25 @ 09:42

In 2024, commercial gaming revenue in the US hit a record of around $72 billion, the fourth straight year of all-time highs, according to the American Gaming Association. A growing... read more

Rising B2B marketplaces to pressure current bank systems

20 Nov 25 @ 14:11

A new white paper from global banking infrastructure firm RS2 says pressure will grow on banks for more efficient payment processes and systems as businesses visit B2B marketplaces for their... read more

North America’s payments market to reach $13.1 trillion by 2032

28 Oct 25 @ 10:34

North America is on the brink of a payments revolution, with cross-border transaction volumes projected to soar to $13.1 trillion by 2032, according to a new report from Money20/20 and... read more

Real-time payments fraud: Myths and the path to wider adoption

12 Sep 25 @ 14:19

Real-time payments have long been heralded as the future of money movement in the US and many other global markets. With the RTP network from The Clearing House and the... read more

Stripe acquires Orum to strengthen real-time payments capabilities

25 Jul 25 @ 07:11

Stripe has made a strategic move to deepen its footprint in real-time payments by acquiring Orum, a US-based payments API specialist. The terms of the deal have not been disclosed,... read more

H2 2025: Five global trends reshaping the future of banking

22 Jul 25 @ 12:43

As we pass the halfway point of 2025, the global banking and fintech sectors (as ever) find themselves in a state of transformation. The first two quarters have been punctuated... read more

Open Banking in the US: What will it take to get there?

14 Jul 25 @ 12:16

While Open Banking and pay-by-bank technologies are reshaping the financial services landscape across Europe and Asia-Pacific, the US remains an outlier. Despite rapid innovation elsewhere, the US has struggled to... read more

The case for multi‑rail real‑time payments: A strategic imperative

17 Jun 25 @ 12:22

As real‑time payments become the new norm, financial institutions are increasingly adopting multi‑rail strategies to support both the RTP network and the Federal Reserve’s FedNow Service. A new report shows... read more

Why are instant payments slow to take off in US?

09 Apr 25 @ 10:31

Across much of the world, the dominance of card networks in everyday payments is being quietly eroded by a new contender: account-to-account (A2A) instant payments. Systems like Brazil’s Pix and... read more

Pix transactions exceed 6 billion monthly

22 Jan 25 @ 16:38

Matera has released its latest Pix by the Numbers report, showcasing the remarkable growth of Brazil’s Pix payment system and its innovative developments for 2025. The report covers data through Q4... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more

RBC and BMO weigh sale of Moneris as banks retreat from merchant acquiring

06 May 26 @ 16:43

Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell Moneris, their jointly owned payments processing business, to Francisco Partners, in a... more