Preparing for FedNow Instant Payments

July 27, 2023

Part 2 of 2: Now that FedNow is live, what should companies be doing to prepare to send and/or receive payments via the service? As the Federal Reserve poised to launch its FedNow instant-payment service, Treasury & Risk spoke with Bob Stark, the global head of market strategy for Kyriba and a long-time commentator on the progress of treasury technologies. FedNow, which represents a major development in the U.S. payments landscape, went live a week ago. Now, businesses that may be interested in using the service should be evaluating their options and preparing to incorporate FedNow instant payments into their processes.