This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Fiserv: Instant Payments Need ‘Killer Use Case’ as FedNow Service Launches
The FedNow® Service is rounding the corner into its second month of operation.
As he told Karen Webster in an interview, instant payments have been prevalent elsewhere, especially in Europe, and the United States is finally catching up. The arrival of FedNow is pushing real-time payments to the forefront of industry conversations.
Fiserv, for its part, has been laying its own groundwork for instant payments for the better part of a decade, said Jackson, having brought Popmoney to the forefront in 2012 and its NOW Network into wide availability in 2014 — speeding peer-to-peer (P2P) payments and bill payment.