FedNow: Are US Banks Ready for Real-Time Payments?

FedNow: Are US Banks Ready for Real-Time Payments?

These days, you can get same-day delivery, immediately post your thoughts and pictures on social media, and reach out to friends and family with a quick text. However, when it comes to your money, it can take days for funds to show up in your account. Fortunately, the...
Five Things We Learned About Open Banking

Five Things We Learned About Open Banking

Advanced, the third largest IT company headquartered in the UK, recently hosted a webinar to provide some perspective on what is going on with their current open banking movement. They brought in expert Chris Michael, the CTO of the Open Banking Implementation Entity...
2020 Payment Trends: E-Wallets, AI and More

2020 Payment Trends: E-Wallets, AI and More

The worldwide banking industry was full of innovation in 2019. Whether it was PSD2 going live in the EU, the announcement of FedNow in the United States, or the overall heightened focus on open banking and open API’s, there were sweeping changes occurring across the...
The Role of the Mainframe in FedNow Service

The Role of the Mainframe in FedNow Service

Instantly transferring money amongst friends is easy thanks to the abundance of mobile payment services like Venmo or Zelle. Now, the Federal Reserve is getting in on the action. The Fed announced that it is developing a real-time payment service called FedNow...