2020 Virtual Cybersecurity Summit: Financial , Events

FedNow Service and Instant Payments in the US: What's Ahead from the Federal Reserve

FedNow Service and Instant Payments in the US: What's Ahead from the Federal Reserve
In August 2019, the Federal Reserve announced its decision to build the FedNowSM Service, a 24x7x365 real-time gross settlement service for instant payments. This represents history in the making by helping achieve the industry objective for ubiquitous faster payments in the United States. In this session, Connie Theien, Senior Vice President of Industry Relations, will discuss the latest developments in building the FedNow Service, how industry stakeholders are informing the process, and how the Fed will continue to prioritize fraud mitigation and payments security in an instant world.


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