Faster Payments NOW
Bank Nerd Corner welcomes Bernadette Ksepka, senior vice president and deputy head of product management for the Federal Reserve System’s FedNow Service.
FedNow is a real-time clearing and settlement service that supports instant payments in the United States. It was developed and launched by the Federal Reserve Banks in summer 2023. Bernadette shares her observations about how the first three years of the network have gone, and the growth and adoption trends she’s seen over that time.
The network is growing but has connections to less than a quarter of total financial institutions in the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.