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FedNow Service: What’s Coming in 2023

The FedNowSM Service is an instant payment service created by the Federal Reserve Banks

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  • Written by  Alacriti
 
 

Preparing for Real Time Payments Guide Banner 650x264

The FedNowSM Service is an instant payment service created by the Federal Reserve Banks to provide safe and efficient instant payment services in real-time, 24/7/365.

The targeted release of the FedNow Service has been narrowed down to May-July 2023, raising many questions. In an ICBA hosted webinar, community banks had the chance to hear directly from the Federal Reserve about what to expect from the FedNow Service.

Joni Hopkins, Vice President, Product and Relationship Management Group at Federal Reserve Financial Services, and Mark Majeske, SVP Faster Payments at Alacriti, provided an overall update and information on how community banks can prepare for and connect to faster payments.

Submit the form to access the webinar summary.

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This White Paper is brought to you by: Alacriti



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