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Search Results for: fednow

Tyfone Readies for FedNow And Other Digital Transactions News briefs from 6/21/23

Digital-banking platform Tyfone Inc. said it will work with One Credit Union to offer a real-time payment service certified for FedNow, the national real-time payments system that the Federal Reserve is expected to launch next month. Jane Technologies Inc. introduced a point-of-sale system customized for cannabis stores. Smart Pay has launched its Smart Pay …

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How Will FedNow Unfold?

FedNow is set for commercial launch next month, but if you’re wondering how the Federal Reserve’s shiny new real-time payments service is going to be used and what it will cost, just look at how early participants are putting it to work now. As Digital Transactions learned this spring, the …

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ACI Completes FedNow Certification And Other Digital Transactions News briefs from 5/16/23

Payments provider ACI Worldwide Inc. said it has completed testing and certification necessary to participate in the Federal Reserve’s FedNow real-time payment service, set to launch in July. Identity-verification specialist Veriff said it will provide its services through processor MassPay’s payments-orchestration platform. Warning of more fraud as peer-to-peer and real-time payments gain volume, technology firm ComplyAdvantage launched Fraud Detection, which …

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As FedNow Gears up for Launch, Processors Ready Smaller Clients

Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …

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‘We’re Well-Positioned’ for FedNow, Says Mastercard’s CEO

The impending arrival of a commercial real-time payments service from no less an entity than the Federal Reserve will be a major event, but one Mastercard Inc.’s top brass says the card company will take in stride. “We’ll have to wait and see how it plays out, we’re well-positioned,” Michael …

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