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FedNow launches user group for collaboration

News | Online Payments | 15 Mar 2024

The Federal Reserve Financial Services (FRFS) has announced the establishment of a FedNow User Group for financial institutions and their service providers. 

product launch, financial institutions, financial services, instant payments

Orum goes live with the Federal Reserve

News | Online Payments | 29 Feb 2024

API solutions provider Orum has announced that it went live with FedACH, the Federal Reserve’s automated clearing house service, and it is set to add FedNow and FedWire solutions. 

payments , FedNow, payment facilitator, payments orchestration, financial institutions, bank account

Federal Reserve FS launches ACH risk management service

News | Digital Identity, Security & Online Fraud | 26 Jan 2024

The Federal Reserve Financial Services has launched a new ACH risk management service to help financial institutions in their fraud detection efforts.

risk management, fraud management, product launch, financial services, financial institutions

Modern Treasury launches instant microdeposits

News | Online & Mobile Banking | 13 Nov 2023

US-based payments platform Modern Treasury has launched instant microdeposits leveraging the Federal Reserve's FedNow and Real-Time Payments.

product launch, B2B payments, real-time payments, customer experience

Federal Reserve releases market practices for RFPs

News | Payments General | 27 Sep 2023

Federal Reserve has released market practices to advance standardised implementation of the request for payment (RFP) feature of instant payments. 

real-time payments, instant payments, Request to Pay, financial services, financial institutions

Form3 completes FedNow Service certification

News | Online & Mobile Banking | 27 Jul 2023

Cloud-native account-to-account (A2A) platform Form3 has completed testing and certification for the FedNow Service, the Federal Reserve’s instant payment offering.

certification, FedNow, fintech, paytech, banking, financial services, instant payments, payment methods

Federal Reserve goes live with the FedNow Service

News | Online & Mobile Banking | 21 Jul 2023

The Federal Reserve has announced that the FedNow Service, its new system for instant payments, has gone live in the US.

product launch, banking, fintech, paytech, instant payments, cloud, financial services, FedNow, payment methods

Deutsche Bank receives USD 186 million fine from the Federal Reserve

News | Online & Mobile Banking | 20 Jul 2023

Deutsche Bank has received a USD 186 million fine from the US Federal Reserve for failing to address its money-laundering control issues.

financial services, compliance, banks, money laundering, AML

Adyen completes FedNow Service certification

News | Online & Mobile Banking | 14 Jul 2023

Financial technology platform Adyen has completed testing and certification for the FedNow Service, the Federal Reserve’s instant payment infrastructure launching in July 2023.

certification, FedNow, fintech, paytech, payout, real-time payments, banking, payments

Finastra completes FedNow Service certification

News | Payments General | 27 Jun 2023

Financial software applications and marketplaces provider Finastra has completed testing and certification for the FedNow Service, the Federal Reserve’s instant payment service.

payments , certification, FedNow, instant payments, payment methods, financial institutions, PaaS, cloud services, cloud payments, banking, fintech, paytech, ecommerce

Federal Reserve releases FOMC statement on economic activity and monetary policy

News | Online & Mobile Banking | 15 Jun 2023

The Federal Reserve has issued its latest statement from the Federal Open Market Committee (FOMC) meeting, revealing key insights into the current state of the economy and the stance of monetary policy. 

banks, inflation

Jack Henry to contribute to FedNowSM's launch

News | Online & Mobile Banking | 16 May 2023

US-based fintech company Jack Henry has announced that it will contribute to the launch of the Federal Reserve’s payment network, the FedNowSM Service.

partnership, online banking, digital banking, mobile banking, banking, financial services, financial institutions

Vice Chair for Supervision testifies before US Senate on SVB

News | Online & Mobile Banking | 05 Apr 2023

On March 29, 2023, Vice Chair for Supervision Barr has submitted identical remarks to the Committee on Financial Services, US House of Representatives, addressing the Federal Reserve's supervisory and regulatory oversight of Silicon Valley Bank (SVB).

regulation, banks

OCR Labs featured in FedNowSM Service Provider Showcase

News | Payments General | 21 Mar 2023

OCR Labs has been featured in the Federal Reserve’s FedNow Service Provider Showcase, an online resource that connects FIs looking to adopt and innovate the FedNow Service.

FedNow, instant payments, digitalisation, identity verification, fintech

Federal Reserve Bank studies Bitcoin's resilience to macroeconomic news

News | Cryptocurrencies | 10 Feb 2023

The US Federal Reserve Bank has published a new paper in which it looks closely at Bitcoin and its lack of response to most macroeconomic news.

study, banks, cryptocurrency, digital assets, Bitcoin

US federal agencies warn banks about crypto risks

News | Cryptocurrencies | 04 Jan 2023

The Federal Reserve, FDIC and OCC have released a joint statement in order to warn banks about the risks associated with crypto assets.

cryptocurrency, digital assets, banks, regulation

US banking community starts digital dollar pilot

News | Online & Mobile Banking | 17 Nov 2022

Members of the US banking community have launched a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN). 

partnership, banks, DLT, digital currency, blockchain

Federal Reserve launches FedPayments Insights Service

News | Online Payments | 20 Sep 2022

The Federal Reserve has announced the launching of a new service to help financial institutions to track trends for payments settled through its FedACH service.

central bank, product launch, product upgrade, ACH, Same Day ACH, online payments, e-invoicing, financial data, data analytics

EU Central Bank and US Fed join to increase interest rates

News | Online & Mobile Banking | 08 Sep 2022

The European Central Bank (ECB) and the US Federal Reserve have joined hands to increase the interest rate, in an attempt to stamp out record inflation.

interest rate, Russia Ukraine War, central bank, merchant, inflation, economic recession, regulation

FedNow to launch by mid-2023

News | Payments General | 22 Aug 2022

The Federal Reserve has announced that the FedNow service will launch by mid-2023 to make faster payments more widely available in the US.

real-time payments, product launch, instant payments, instant settlement, CBDC