Keeping up with and understanding  the faster and emerging payment options can be overwhelming!  It can even make you think that waiting or doing nothing is an option.   With both consumer and business customers wanting and expecting faster, easier, slicker and less friction payment options, knowledge is the key.  In this four-part series, we will help you sort through the noise and confusion and come away with a better understanding of solutions that might be a good fit for your environment.  As technology continues to advance, and you prepare to offer, handle, distribute, and support a faster payments environment for your customers, this comprehensive series is exactly what you need to guide you through the hurdles. Don’t risk losing good customers by not meeting their faster payment option expectations. 

Ready, Set, FedNow: Accelerate Your Business with Instant Payments

Through broad and historic collaboration, the Federal Reserve is paving the way for ubiquitous, instant payments in the United States with the development of the FedNow Service. Is your organization prepared for this transformation? With support for a broad range of transaction types and instant payments use cases, the FedNow Service will provide a springboard for financial institutions and other service providers to offer innovative instant payment solutions to the hyper digital businesses and consumers of tomorrow. Set to launch in 2023, now is the time to identify your organization’s instant payments opportunities, review your systems and processes, and talk to your service partners and customers so you won’t risk being late to the game. Join Federal Reserve executives to learn how industry stakeholders are informing the FedNow build through industry engagements and the FedNow Pilot Program. Leave this session with a better understanding of the business edge instant payments can offer as well as knowledge and resources to help your organization embrace instant payments.

Speaker: Erik VanBramer, Senior Vice President and National Sales Director, Federal Reserve Bank of Chicago