Quick Q&A on
The impact of FedNow on banks
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FedNow is a real-time payment (RTP) service the Federal Reserve is developing. Expected to activate in July, it will allow consumers and businesses to send and receive payments instantly, 24/7/365, through participating financial services organizations.
FedNow, available to banks and credit unions of all sizes, will unlock a wider range of innovative instant payment services.
In this Q&A with Brian Keefe from NICE Actimize, you’ll learn:
- How mid-and small-market financial institutions can prepare for the potential challenges of FedNow
- What are some steps to thwart faster payments fraud
- Why behavioral analytics and behavioral protection are important
- What are some of the benefits of FedNow
- If moving core systems to the cloud is an advantage when participating with FedNow
