Volante joins FedNow pilot programme

Tuesday 2 February 2021 14:14 CET | News

US-based fintech Volante Technologies has announced their participation in a pilot programme for the Federal Reserve's upcoming instant payments offering, the FedNow Service. 

Volante will help shape the FedNow Service's features and functions, provide input into the overall user experience, ensure readiness for testing, and be one of the first to experience the service before its general availability. In the initial advisory phase, participant input will help to further define the service and adoption roadmap, industry readiness approaches, and overall instant payments strategy.

The FedNow Service will provide a payments infrastructure when it becomes available in 2023 or 2024. Financial institutions and their service providers will be able to use the service as a springboard to bring the instant payments to communities across the country.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Volante, Federal Reserve, US, FedNow, instant payments service
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce

Industry Events