You may already know the Federal Reserve's FedNow Service will provide a safe and efficient platform that banks, credit unions and others can use to innovate and offer a variety of instant payment use cases for their customers. But do you know how it will work?
This video follows a payment over the FedNow Service from start to finish and shows what financial institutions need to know about their role in the process.
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AUTHOR: Mark J. Dixon, AAP, APRP, NCP
Director, Payments Innovation
As the Director of Payments Innovation for NEACH, Mark focuses on exploring innovative solutions and technologies that will help position members for success, both now and in the future. Connect with Mark to read more of his blogs, articles, and posts.
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