The time is now to talk about FedNow instant payments
As the Federal Reserve prepares to roll out the FedNow Service, the momentum for real-time payments (RTP) accelerates. Join Finastra and the Fed as we explore the specific use cases for banks to monetize instant payments and grow revenue.
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As the Federal Reserve prepares to roll out the FedNow Service, the momentum for real-time payments (RTP) accelerates. 54% of mid-sized banks in the United States are planning to launch RTP over the next 12-18 months, according to Cornerstone Advisors, and many large-enterprise financial institutions have already taken the plunge.
Watch Finastra and the Federal Reserve Bank in a webcast and Q&A on the trends, opportunities, and challenges facing banks as they embark on their instant payments journey. Key themes explored:
- The benefits of instant payments and why now is the optimal time for adoption
- Specific use cases to monetize RTP and grow revenue
- Operational considerations to successfully launch a new rail
- FedNow pilot program - Timeline, requirements, and onboarding process
- The business case for adopting the FedNow Service and The Clearing House’s RTP® network