The FedNow® Service, the Federal Reserve’s round-the-clock real-time payment and settlement service, launched in July. However, many community banks still have outstanding questions about how this service fits into their operations and serves their customers’ needs.
In this ICBA-hosted webinar where Siobhán O’Malley, National Account Program Manager at Federal Reserve Financial Services, and Mark Majeske, Senior VP Faster Payments at Alacriti, discuss:
- The latest updates on the FedNow Service since the July launch
- The ROI of real-time payments
- What community banks should know about connecting
- How community banks can educate and promote instant payments to customers
- Lessons learned from financial institutions that have already connected
